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Markets

Gloomy trading in the European markets as oil keeps climbing

Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

Climate

Europe cuts methane emissions from coal mines for the first time

Most of the methane emissions from fossil fuels used in Europe are tied to imports, the report also finds.

Business

BP sees major downturn as gas trading and refining divisions lag

BP's CEO has reassured investors that BP will be watching market volatility and will be focusing on strengthening its balance sheet to improve shareholder value in the long-run.

Markets

US markets: Tech stocks rise higher and investors watch earnings

The tech sector emerges as a champion in Monday morning trade as investors navigate the ever-changing tariff landscape and a myriad of earnings reports.

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Earth News

Hungarian residents afraid to use wells after oil spill

After nearly 500 cubic metres of oil spilled from an old pipe, locals are demanding compensation and accountability from the Hungarian oil company.

Earth News

‘Doublespeak’: Greece greenlights offshore drilling beside marine park

Environmental lawyers say that the new concessions threaten endangered species in the biodiversity-rich Hellenic Trench.

Earth News

Climate groups file lawsuits to block Trump’s offshore drilling plans

Several climate advocacy groups claim that the US President's undoing of marine protections is illegal.

Ecotech

A father and daughter's fight to turn oil data into life-saving water

Unlocking seismic data could aid the search for fresh groundwater in Africa, where water scarcity affects two-thirds of the population.

Business

Eni launches supercomputer in bid to discover new oil and gas fields

With an estimated cost of over €100m, the supercomputer - known as the HPC6 - will be able to handle a number of artificial intelligence functions, as well as highly sophisticated calculations, with the help of nearly 14,000 graphics processing units (GPUs).

Markets

What could shape the markets in 2025? Here’s what the analysts think

After a year of new records on the stock market, 2025 is expected to bring more rallies. But what are the key factors that could move market sentiment in the new year?

Azerbaijan

Al Gore calls for reform of COP climate process

Former US vice-president now climate campaigner Al Gore said it is 'absurd' that the presidency of the UN climate talks is being repeatedly handed to petrostates, in an exclusive interview with Euronews.

Business

Shell wins landmark climate case - what does it mean for investors?

The current court decision does not mean that the oil giant will turn away from its green targets, but it will mean Shell can continue its present level of drilling.

Markets

Oil prices hit as Trump signals increasing support for more drilling

US President-Elect Donald Trump's enthusiasm for more oil drilling in the US is causing increasing volatility in oil prices, as investors worry about the possibility of oversupply.

Business

TotalEnergies' profits hit by lower refining margins in Europe

French energy company TotalEnergies announced its third quarter results, posting a sharply lower net profit, as its European refining margins continued to suffer.

Business

BP bows to investor pressure as it abandons plans to cut oil output

BP has been facing increasing pressure from investors and stakeholders to cut down its green ambitions and to stay within the more profitable fossil fuels sector. Environmental groups are angry.

Business

ING pledges to stop financing new upstream oil and gas projects

ING says it would no longer be offering finance to pure-play oil and gas companies for explorations or developments in new fields, as part of its move to help support the transition to green energy.

Business

Sanctioned Russian oligarchs bag stake in UK’s biggest oil company

Investment firm LetterOne, owned in part by sanctioned Russian oligarchs Petr Aven and Mikhail Fridman, has acquired a minority stake (14.87%) in Harbour Energy, which is the UK’s biggest oil and gas company with operations in Norway, Southeast Asia, Germany, North Africa and Argentina.

Earth News

Ecuadorians demand government honour vote to stop Amazon oil drilling

Supporters were jubilant last year when almost 60 per cent of voters supported the referendum on ending drilling.

Business

Could Britain's soaring taxes push energy companies to Norway?

UK taxes on oil and gas profits have risen from 40% to about 78% in the past three years, prompting several energy companies to think about pulling out of the country.

Earth News

Australia’s largest bank pulls funding for fossil fuel companies

CBA has explained that they will stop financing fossil fuel companies that don’t comply with climate goals set out by the Paris Agreement.