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Greenpeace accuses oil companies of reaping Mideast 'war profits'

Greenpeace accuses oil companies of reaping Mideast 'war profits'

A study commissioned by Greenpeace said on Wednesday that oil companies have been making more than 80 million euros a day in "war profits" in the European Union since the start of the war in the Middle East. "If this level persists, the oil companies can expect

The reality of restarting North Sea oil drilling

The reality of restarting North Sea oil drilling

As the Middle East war drives up oil prices, the UK's main opposition Conservative party is urging the government to restart drilling in the North Sea -- echoing repeated calls from US President Donald Trump. Experts warn, however, that the proposal runs up against geological and economic realities. - Why

EU says 'necessary' to reduce fuel demand to cope with energy crisis

EU says 'necessary' to reduce fuel demand to cope with energy crisis

The EU urged member states Tuesday to try to push down domestic demand for fuel and prepare to secure oil supplies, warning of potentially prolonged effects of the Middle East war on energy prices. US-Israeli attacks on Iran and Tehran's retaliatory strikes have roiled markets and triggered

Israel weathers energy shock from Iran war even as world battles crisis

Israel weathers energy shock from Iran war even as world battles crisis

Iran's chokehold on the Strait of Hormuz has thrown the global economic system into turmoil, yet Israel, which launched attacks on Tehran alongside the United States, has emerged as a rare exception. Since Israel and its US ally started the Middle East war on February 28, economies from

Gas prices top $4 for the first time in four years due to Iran conflict

(The Center Square) – Gas prices topped $4 nationally on Tuesday, March 31, according to fuel price trackers Gas Buddy and the AAA motor club. “Gasoline and diesel prices continue to climb to multi-year highs as the effective closure of the Strait of Hormuz curtails the flow of millions of

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - Oil prices rise - Oil prices sank and most stocks rose Tuesday, following a Wall Street Journal report that indicated Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed. Market experts

Uncertainty over war-induced oil crisis dominates key energy summit

Uncertainty over war-induced oil crisis dominates key energy summit

The world's largest energy conference wrapped up in Houston on Friday with the crisis caused by the US-Israel war on Iran dominating discussions -- but with little to show for it beyond a prevailing sense of uncertainty. A week of meetings for CERAWeek -- dubbed the "Davos of