Business news
306 stories · latest 07 Oct 2026 · clear filter
Chevron inherited the pipeline company with its Hess purchase; this deal trades an accounting loss now for lower operating costs in North Dakota and a balance sheet without $3.7 billion of consolidated debt, and the…
Two costs rose at once for European companies: energy, with Brent back above $100, and borrowing, with French yields near 4.85% lifting the benchmark that banks, utilities and property companies in the euro area fund…
A refining margin of $42 a barrel is the diesel and fuel shortage showing up in an oil major's accounts: the gap between crude and products has widened, which pays refiners and costs airlines, hauliers and other fuel…
Lower oil and lower yields work on different parts of the market: cheaper crude trims revenue for oil producers while easing fuel costs for airlines and freight, and a lower 10-year yield reduces the discount applied…
It is another consolidation deal in North American heavy oil at a time when Brent is near $100. Cenovus is paying mostly in cash from its balance sheet and short-term borrowing, and says net debt at the end of 2026…
Ithaca has been a pure UK North Sea producer, a basin where output is declining and profits carry a windfall levy; this purchase gives it producing barrels under a different tax regime while Brent trades above $100…
The listing gives Oslo another pure owner of very large crude carriers alongside the established tanker names, with earnings tied to spot freight rates that have been lifted by the disruption to oil flows from West…
Almost all of the increase comes from energy, which households and energy-intensive manufacturers pay directly; goods inflation outside energy is 1.1%. The ECB raised rates by 25 bp on September 10 and meets again on…
The 2024 standards would have required owners of coal plants and new gas plants to fit carbon controls or retire units. Removing them changes capital plans at listed utilities and independent power producers with coal…
Fuel is the airlines' largest variable cost and most US carriers do not hedge it, so a move of this size goes straight to operating margins. Cutting flights protects fares on the remaining seats and reduces demand for…
Crude back above $100 raises selling prices for US oil producers and, with a lag, fuel costs for airlines, trucking and shipping companies, cruise lines and chemical and plastics makers that use oil-based feedstock…
Higher gas prices raise power prices and input costs for energy-intensive producers in chemicals (BASF, Covestro), fertilisers (Yara), steel and glass, and squeeze utilities and energy retailers that cannot pass costs…
The August numbers show energy costs moving back into consumer prices after the summer dip: gasoline directly, and air fares through jet fuel. That is revenue for refiners and for airlines able to pass fuel costs on…
The surtax applies to France's largest companies, so the CAC 40's big domestic taxpayers — luxury groups, banks, TotalEnergies, industrial and utility groups — are exposed through their effective tax rate. A reduction…
The proposal targets the profit line of Italian lenders — Intesa Sanpaolo, UniCredit, Banco BPM, BPER and Monte dei Paschi — at a time when several of them are also engaged in takeover offers for one another. A levy on…
LNG export volume is the revenue base for US liquefaction operators and for the pipeline companies that carry feed gas to the Gulf Coast terminals, and it is a growing source of demand for US gas producers. Higher…
The price floor sets a minimum cost for imported solar hardware. That protects US makers of polysilicon, wafers, cells and modules from cheaper imports, and it raises equipment costs for the companies that buy panels…
Storage levels going into winter shape European gas and power prices. Gas-fired generators and energy retailers buy the fuel; chemicals, fertiliser, glass and steel producers use it as feedstock and process heat, so it…
The report says fuel-price volatility is the main concern across European airlines and that British Airways owner IAG and Air France-KLM are also trimming capacity despite extensive hedging. The exposure is jet fuel…
The two largest US oil companies show how the Hormuz disruption passed through the Energy sector: higher crude prices lifted production earnings and wider margins lifted refining earnings at the same time. Other US…
Shell opened the oil majors' reporting round, and its drivers apply across BP, TotalEnergies, Eni, Equinor and Repsol: realised oil and gas prices on the upstream side and refining utilisation and margins downstream…
Carbon allowances are a direct cost line for European steelmakers, cement and chemicals producers, refiners and fossil-fuel power generators, so the pace of the cap and the amount of free allocation feed straight into…
Cheaper fuel puts money back in household budgets, which supports spending at retailers, restaurants and travel companies, while it lowers the selling price for refiners and fuel retailers. For banks, insurers and…
Delta is the first big US airline to report each season, so its numbers are read across the group. They show the mechanism at work in the sector: jet fuel, the largest variable cost, rose by about three quarters, and…
Crude is the revenue line for US exploration and production companies and the main cost input for refiners, airlines, truckers and chemical makers, so a slide to pre-war prices cuts both ways across listed sectors. The…
With headline inflation at 4.2% but core still below 3%, the shock was concentrated in fuel, which raises costs for airlines, truckers and delivery companies and eats into lower-income households' discretionary…
Because Ofgem resets the cap only periodically, the jump in wholesale gas prices had not yet reached household bills, leaving UK inflation below the euro area's in spring and allowing the Bank of England to keep Bank…
The jump reflects the oil and gas shock that followed the outbreak of war involving Iran at the end of February, and it took headline inflation well above the ECB's 2% target, setting the stage for the bank's first…
A fuel-driven jump in headline inflation squeezes household budgets, which matters most for retailers, restaurants and travel companies whose customers are paying more at the pump. Because core inflation stayed…
Fuel is the biggest swing cost for airlines and cruise lines: United rose 7.9% and Carnival 11.2% on the day. For oil producers and refiners the move works the other way, cutting realised prices from the wartime peak…