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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.
Europe Today
Arctic gas and oil should 'stay in the ground', says Síkela
European Commissioner for International Partnerships Jozef Síkela insists the EU will maintain its opposition to drilling for natural resources, including oil and gas, in the Arctic, despite the US and Norway taking a different approach.
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Russia: Huge flames and smoke rise over St Petersburg after drone strikes
Huge plumes of black smoke billowed over St Petersburg, Russia’s second-largest city, on Sunday, 18 October, as a large-scale Ukrainian drone attack sparked fires at industrial and logistics facilities. Russian officials said 126 drones had been intercepted in the surrounding region.
Business Series
Inside this country's push into international clean energy
In partnership with Azpromo
Azerbaijan is expanding its international energy portfolio through renewable projects, strategic partnerships and new infrastructure, as it seeks to strengthen energy security and connect regional markets with Europe.
Europe News
Exclusive: G7’s 100-million-barrel pledge tied to March oil release
The October G7 announcement aims to accelerate and complete the IEA’s March emergency oil-stock release, rather than add a new 100-million-barrel pledge to the original 400 million, according to a document seen by Euronews.
Economy
Trump defers tax on red-dyed diesel for truckers as fuel costs bite
US President Donald Trump has signed an executive order deferring tax payments on red-dyed diesel used on public roads, as near-record fuel prices linked to the Iran war weigh on the Republican Party weeks before the midterm elections.
