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Oil prices

Business

Global oil inventories are alarmingly low, Aramco warns

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Europe News

‘Releasing strategic reserves is possible,’ EU energy chief says

Member states are discussing a coordinated release through the IEA, as the US pressures Europe to put more oil on the market. The Energy Commissioner told Euronews that Brussels can help coordinate the effort.

Europe News

US urges Europe to release more emergency oil reserves as prices surge

Washington says European countries have yet to deliver promised oil releases, as soaring crude and diesel prices intensify pressure on governments to intervene.

Economy

Inflation in Spain surges to 4.9% in September on higher fuel prices

Inflation in Spain climbed 0.6% in September to 4.9%, driven by higher fuel prices, lubricants and package holidays. Core inflation rose 0.2% to 3.1%.

Markets

Oil prices rise as bond sell-off hits global markets

Oil prices climbed further on Tuesday as uncertainty over US-Iran talks fuelled inflation fears. Government bond yields rose to multi-year highs, putting pressure on stocks.

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Business

TotalEnergies raises buybacks to $2.5bn and promises higher dividends

TotalEnergies will buy back $2.5 billion (€2.2bn) of its own shares in the fourth quarter, up from $1.5 billion (€1.3bn) authorised for the third, and raise its dividend by more than 5% a year through 2030, as high oil prices boost the French energy giant’s earnings.

Markets

Oil prices jump after Trump rejects Iran’s truce offer

Oil prices rose while stocks and bonds fell after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that lifted markets late last week.

Markets

European bond yields ease after brutal sell-off as US mortgages hit 7%

European government bond yields eased on Friday morning, pulling back from a brutal sell-off earlier in the week, even as US Treasury yields pushed to fresh multi-decade highs, and mortgage rates in America hit 7%, their highest level since Donald Trump returned to office.

Europe News

EU says US diesel export plan is 'bad idea'

Brussels has pushed back against a US proposal to curb diesel exports, even as the White House insists it's aiming for targeted restrictions rather than an outright ban.

Markets

Oil falls below $100 after Trump reports talks with Iran

Brent crude fell on Wednesday morning after Donald Trump said US and Iranian representatives had held what he called “very productive” talks. Reports that Saudi Arabia is restarting a key oil pipeline also weighed on prices.

Economy

Europe may avoid jet fuel shortage, but small airports remain at risk

Falling demand from November and increased shipments from Asia are expected to leave Europe with enough jet fuel in the coming months, although analysts warn that smaller airports could still run dry.

Business

Spanish farmers demand urgent aid as war in Iran drives up costs

Asaja, COAG, UPA, Unión de Uniones and the agri-food cooperatives are urging the government for direct aid over soaring farm diesel and fertiliser prices caused by the war in Iran, warning protests will go ahead if no action is taken.

Economy

Czechia caps fuel margins and cuts diesel tax as prices soar

Czechia will cap fuel retailers’ margins, cut diesel duty and tax refiners’ higher profits as governments across Europe seek to limit rising fuel costs.

Markets

European stocks edge lower as oil prices and bond yields retreat

Oil prices retreated while European stock markets opened lower on Friday after the Bank of Japan became the third major central bank in a month to raise interest rates.

Business

France: TotalEnergies pumps up controversy with cut-price fuel

TotalEnergies service stations are accused of distorting competition as they display France's lowest-priced fuel. Supermarkets that usually sell fuel as a loss leader to pull in customers are furious, along with independent service stations.

Economy

European markets recover ahead of expected Fed rate hike

European markets recovered modestly as oil prices and bond yields eased, while investors awaited the US Federal Reserve’s decision on whether to raise borrowing costs for the first time in three years.

Markets

US 10-year Treasury yield breaches 5% as global bond sell-off deepens

The benchmark 10-year US Treasury yield briefly touched 5.011% on Monday, its highest level since October 2023, before retreating.