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Europe’s oil bill: EU pays €10bn more per month than in 2025

Euronews Business takes a closer look at how Europe’s petroleum oil import bill has risen amid tensions in the Middle East - and experts do not expect...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
Trump methane policy rollback may have minimal impact on crude prices, EPA says

The EPA projects Trump’s methane rollback would only lower 2027 U.S. crude prices 11 cents a barrel, while lifting domestic oil output 0.09%.

Oct 29, 2026 · Staff
Originally on Wedgetail
News
Commodity prices to surge 23pc, warns World Bank

WASHINGTON: Global commodity prices are set to surge 23 per cent in 2026, the World Bank said on Wednesday, citing rising energy prices and disruption...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
U.S. warns allies to prepare for possible Iran strikes, retaliation after elections, say sources

The U.S. has told regional allies that the new round of military action could last for several days, but regional officials are bracing for Iran and i...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
RBC Flags Risks of Renewed US Strikes on Iran Despite Diplomacy

Renewed US military strikes against Iran remain possible despite a flurry of diplomatic activity in recent days ahead of the midterm elections, accord...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
Trump floats plans of naming Hormuz Strait into Trump Strait again

The US leader also added that more oil is currently flowing out of the waterway "that it was seven months"

Oct 29, 2026 · Staff
Originally on Wedgetail
News
Lynas Expects One-Month Shutdown at Malaysian Rare-Earths Plant

Lynas Rare Earths Ltd. said planned maintenance at its refinery in Malaysia would cut production this quarter, but expects stockpiles of the critical ...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
As Iran war drags on, airlines pull back on fuel hedges and warn on fares

Jet fuel accounts for 30% to 40% of airlines' costs, with European and Asian carriers historically hedging more of their fuel needs than U.S. rivals.

Oct 29, 2026 · Staff
Originally on Wedgetail
News
S. Korea to conditionally ease diesel export restrictions amid stable crude supplies

South Korea will ease export restrictions currently imposed on diesel starting in November on condition that domestic supply remains stable, the indus...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
Siam Cement, PTT Global Forge $5.5 Billion Petrochemical Deal

Siam Cement Pcl and PTT Global Chemical Pcl agreed to combine Thai olefins and polyolefins businesses valued at 187 billion baht ($5.5 billion), seeki...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
PACNEWS TWO, 29 OCTOBER 2026

In this bulletin: 1. PACIFIC — GCF invests US$15m in Pacific climate businesses fund2. UN — Ocean’s ability to absorb carbon is weakening as climate c...

Oct 29, 2026 · Staff
Originally on Wedgetail
News
China’s Green Exports Enough to Offset Brazil’s Emissions: CREA

Chinese exports of clean technologies this year could offset the equivalent of Brazil’s annual emissions from fossil fuels, underscoring the Asian cou...

Oct 29, 2026 · Staff
Originally on Wedgetail