The world's 100 largest oil and gas companies earned an average of $30 million per hour in March following a sharp rise in oil prices. According to research by The Guardian, these significant profits occurred during the first month of the Iran conflict.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
Despite 21 rounds of European Union sanctions against Russia, some businesses continue to profit by using third-party countries to bypass export restrictions. Experts warn that while such trade is lucrative, it carries significant legal risks, including criminal prosecution and prison time for those who intentionally circumvent these measures.
Residents of Camping De Westeinder have returned to court in Haarlem to challenge the inadequate compensation offered by developer Kleen Estate for their forced relocation. Many residents rely on the park for permanent housing due to the local housing crisis and argue that the current offers are insufficient to cover relocation costs or provide alternative shelter.
Brussels is proposing new levies on plastics, carbon emissions, and parcel deliveries to generate independent revenue for the European Union. Critics argue these measures could act as a gateway to centralized European taxation rather than acting as genuine policy solutions.
Oil prices dipped slightly after President Trump secured a deal to import diesel from Russia in an attempt to lower fuel costs before the upcoming midterm elections. The agreement has drawn criticism from Ukrainian President Volodymyr Zelensky, who called it a concession to Russia and challenged claims regarding a de-escalation of energy infrastructure attacks.
A trade deal between Donald Trump and Vladimir Putin to supply Russian diesel to the US is unlikely to lower fuel prices because the volume is insufficient to meet even one day of national demand. The agreement has faced significant criticism from European officials due to its potential geopolitical implications.
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