Oil market

Markets

Asian stocks and dollar fall as Democrats gain ground in US midterms

Technology shares led losses in Asia as investors weighed the prospect of tighter AI regulation and political gridlock in Washington. Oil prices also fell.

4 November 2026

Markets

Saudi Aramco profits jump 35% despite attacks on oil facilities

Higher oil prices and a joint venture sale lifted the Saudi giant’s earnings, even as disrupted exports and prolonged conflict weighed on the kingdom’s economy.

3 November 2026

Business

BP profit quadruples as Iran war sends refining margins soaring

BP's net profit quadrupled between July and September as the Iran war sent refining margins and oil prices soaring, with the British energy giant beating forecasts and cutting its net debt by $8.4 billion (€7.5bn) ahead of a strategy update in December.

30 October 2026

Markets

Oil plunges over 6% as Iran diplomacy seemingly gathers pace

Brent crude fell more than 6% on Monday morning, retreating from its highest close since March, as regional mediators headed to Tehran and US President Donald Trump weighed a deal with Iran, while investors braced for a week packed with central bank decisions and earnings reports.

26 October 2026

Earth News

How switching to EVs has saved the EU almost €3bn since Iran war

“Every EV on the road reduces exposure to volatile oil markets, and as fleets grow – so does the protection against future supply shocks.”

22 October 2026

Economy

IEA warns European diesel prices could rise as crunch lasts into 2027

Europe could face renewed wholesale diesel price rises in the coming weeks, the International Energy Agency warned on Wednesday, as disrupted supplies leave markets tight well into 2027 despite recovering Gulf oil output.

14 October 2026

Economy

Gulf crude exports return to pre-war levels, excluding Iran

Oil exports from the Middle East, excluding Iran, exceeded their pre-war average last week, Kpler data showed, as pipelines helped bypass the Strait of Hormuz despite continued attacks on shipping.

5 October 2026

Economy

IEA could weigh further oil reserve releases as EU energy costs soar

The IEA says it could consider releasing more emergency oil stocks if supply disruptions worsen, although another release is not currently its top priority. Europe faces a difficult winter after spending more than €100bn extra on energy imports since the Iran war began.

29 September 2026

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.

28 September 2026

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.

28 September 2026

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.

23 September 2026

Europe News

France urges EU to relax fuel rules as oil crunch looms

In a letter to Ursula von der Leyen, Macron said the EU’s energy security has so far relied heavily on buffers — including stockpiles, refinery flexibility, weaker demand and redirected global trade — rather than addressing the underlying supply shock, according to the letter seen by Euronews.

22 September 2026

USA

US Congress approves Russia sanctions

US lawmakers have approved sweeping new sanctions targeting Russia's economy and Putin's inner circle, with Trump set to sign a bill that also threatens steep tariffs on major buyers of Russian oil, including China and India.

17 September 2026

Economy

Which European countries import the most crude oil?

Brent topped $100 after fresh Strait of Hormuz attacks. Eurostat data shows which European countries buy the most oil and who is most exposed.

10 September 2026

Economy

Chevron unveils $7bn Venezuela deal as US claims a fifth of its oil

Chevron announced a $7 billion expansion deal for its Venezuelan operations on Wednesday, hours after the country's parliament approved handing Washington control over a fifth of its oil reserves.

2 September 2026

Economy

Trump vows US will take 'all' of Venezuela's oil as deal details emerge

The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington's majority control of more than 65 billion barrels, as President Trump vowed the US would be taking "all" of it.

1 September 2026