Oil prices

Economy

Bank of England raises key interest rate, first time in over 3 years

The Bank of England has raised interest rates to 4% as it tries to curb rising prices fuelled by the Iran war.

5 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

USA

Trump rolls back methane rules for US oil and gas industry

Trump is seeking to lower energy costs ahead of next week's midterm elections, as rising oil prices linked to the US war with Iran fuel voter frustration.

28 October 2026

Markets

Oil tops $114 as European shares fall and Kering tumbles

Rising energy prices added to inflation concerns as European shares fell and Kering tumbled on weak Gucci sales. An AI sell-off drove investors towards US bonds, while France’s borrowing costs remained above 5%.

23 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

Markets

Oil prices top $110 as traders weigh Middle East supply risks

The price of Brent crude remained at a five-month high as uncertainty over when energy supplies will return to normal amid the war with Iran keeps oil inflated.

20 October 2026

Business

IMF warns attacks on Saudi Arabia could hurt economies worldwide

Aramco's headquarters has been hit, flights are suspended and oil prices are rising. The IMF warns that the economic fallout from attacks on Saudi Arabia could be felt worldwide.

15 October 2026

Economy

US inflation rises to 3.7% as fuel costs climb ahead of midterms

Higher petrol prices and airfares pushed US inflation to 3.7% in September, adding pressure on households and the Federal Reserve weeks before the midterm elections.

14 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

Markets

Oil prices rise after reported attacks on ships in Strait of Hormuz

Oil prices rose on recent reports that Iran attacked ships in the Strait of Hormuz. European gas prices hovered near a four-year high, while Asian shares had a mixed reaction and European equities opened higher.

14 October 2026

Economy

Where are gas and electricity prices highest in Europe?

Household gas and electricity prices have risen less sharply than petrol and diesel prices in Europe. Ahead of winter, Euronews Business compares prices across capital cities and looks at how they have changed since before the Iran war.

14 October 2026

Markets

Oil prices drop as stocks rise after Trump touts 'energy ceasefire'

Most stock markets rose early Monday as oil prices fell after Donald Trump announced an "energy ceasefire" between Russia and Ukraine, which offset a fresh wave of Houthi attacks on Saudi Arabia.

12 October 2026

USA

Zelenskyy hits out at 'gifts to Putin' after Trump diesel announcement

US President Donald Trump said on Friday that Russian leader Vladimir Putin had agreed to release diesel into US and global markets.

9 October 2026

Economy

Germany lifts GDP forecast as economy withstands Iran war

The government lifted its full-year growth projection to 1.3%, up from its April forecast of just 0.5%, as the German economy proved more resilient than expected.

8 October 2026

Markets

Oil tops $105 as Trump weighs return to Iran combat operations

Brent crude rose above $105 a barrel on Thursday after reports that US President Donald Trump is considering a return to "major combat operations" against Iran, while European stock markets opened lower as rising oil prices fuelled inflation fears.

8 October 2026