US EditionGreenpeace accuses oil companies of reaping Mideast 'war profits'
The study said diesel margins drove most of the gains and could add about €2.5 billion in March operating profit if current levels continue.
- A study commissioned by Greenpeace released Wednesday claims oil companies in the European Union have earned more than 80 million euros daily in "war profits" since the Middle East conflict began.
- Strikes against Iran on Feb 28 triggered the regional conflict, causing global energy prices to surge; Greenpeace notes "the rise in prices at the pump is far greater than that of underlying crude oil prices."
- Diesel fuel sales generated 75.3 million euros in excess daily profit, while Petrol sales contributed 6.1 million euros per day; Germany saw the highest margins at 23.8 million euros, followed by France at 11.6 million euros.
- Greenpeace France is calling on European governments to introduce permanent additional taxes on oil and gas profits, with proceeds directed toward reducing energy bills and accelerating European energy independence.
- Last week, French diesel prices hit their highest level since 1985, surpassing post-invasion peaks from 2022, as fuel shortages and price hikes in Asia have intensified pressure on governments.
34 Articles
34 Articles
In the countries of the European Union, oil companies would receive 80 million extra profit per day since the beginning of the war. According to Greenpeace, TotalEnergys would have even hit the jackpot, with an exceptional profit of one billion dollars in March, betting on the oil of the Gulf of Oman. Explanations.
The world is groaning under the high fuel prices, but there are apparently also profiteers. According to an investigation, the oil companies are canceling out rich over-profits. Especially the trade in diesel seems to be a lucrative business.
Oil companies in the European Union have earned more than 80 million euros (about $90 million) a day in "war profits" since the beginning of the conflict in the Middle East, according to a report commissioned by Greenpeace.
The extraordinary profits of oil companies from the war in Iran have reached record figures since the beginning of the conflict, with daily revenues of up to 81.4 million euros in the European Union. By March alone, these additional profits would have exceeded 2.5 billion euros, showing how geopolitical tension is directly impacting the price of fuel and the margins of the energy sector.Extraordinary profits of oil companies from the war in Iran…
In a report published this Wednesday, April 1, L的ONG denounces the margins considerably widened by fossil energy giants since the outbreak of hostilities in the Middle East. In France, they raise an average of 11.6 million euros per day more than before the war.
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