nu

Dutch petrol price hits record high after drone attack in Saudi Arabia

Dutch petrol price hits record high after drone attack in Saudi Arabia

Petrol prices in the Netherlands have hit a record high of 2.726 euros per liter due to a drone attack on a critical Saudi Arabian oil pipeline. The resulting supply chain disruption, coupled with broader regional conflicts affecting oil transit, has driven fuel costs up across the country and the surrounding region.

The price of petrol in the Netherlands has reached a record high of 2.726 euros per liter following a drone attack on a major oil pipeline in Saudi Arabia. The 1,200-kilometer East-West pipeline, which transports oil from the Persian Gulf to the Red Sea, was forced to close last week after being targeted by drones linked to an Iranian militia. Repairs are expected to take several weeks, contributing to rising oil and fuel costs globally.

Diesel prices have also increased, though they remain slightly below the record high seen in April. The conflict in the region, including the blocked Strait of Hormuz, has put sustained upward pressure on global oil prices for months. Neighboring countries like Germany are experiencing similar trends, with fuel prices there reaching historic peaks as well, although the average advised price for petrol and diesel in Germany currently remains lower than the rates seen at Dutch pumps.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

Related articles

Lack of funding remains a massive hurdle in the fight against climate change

Lack of funding remains a massive hurdle in the fight against climate change

Developing nations require 300 billion dollars annually for climate adaptation, yet received only 30 billion dollars from wealthy countries in 2024. Experts warn that deep cuts to climate aid and persistent funding shortfalls risk creating international tension as global climate negotiations approach.

Booking.com parent company sees travel decline due to unrest in Paris and other factors

Booking.com parent company sees travel decline due to unrest in Paris and other factors

Booking Holdings reported a 7 percent drop in quarterly bookings due to decreased international travel demand, regional instability in the Middle East, and social unrest in European cities. Additionally, the company's financial results were impacted by legal costs related to an FTC investigation into hotel pricing, even as they recently won a domestic court case regarding their remote work policy.

Brussels approves Chinese takeover of MediaMarkt parent company

Brussels approves Chinese takeover of MediaMarkt parent company

The European Commission has approved the 2.2 billion euro acquisition of Ceconomy, the parent company of MediaMarkt, by the Chinese firm JD.com. Regulators cleared the deal after JD.com agreed to oversight measures to prevent potential market distortion from Chinese government subsidies.

European Union heads into winter with lowest gas reserves in over a decade

European Union heads into winter with lowest gas reserves in over a decade

The European Union faces its lowest gas storage levels since 2013, increasing reliance on global LNG imports throughout the winter. While the Netherlands has met its storage targets, Germany has fallen short, and experts warn that market volatility could continue through 2027.

Danish supplier is the common denominator behind the warming cooling systems

Danish supplier is the common denominator behind the warming cooling systems

A cyberattack on refrigeration systems supplied by the Danish company Danfoss has disrupted operations at various European supermarkets and businesses. European officials are investigating the incident as a deliberate attempt to interfere with the continent's food supply, while the company maintains that users failed to update vulnerable software.