Today's essential intelligence covering international developments and European affairs. Oil Majors Trim Guidance
BP warned investors that Q2 profit will be “materially lower” after Brent crude averaged $79/bbl, down 7 % vs Q1, chopping into trading margins even as output rose 3 % (FT, Reuters). Brussels Mulls ‘Vice’ Levies
The Commission, scrambling for fresh “own resources” post-2027, is weighing an extra excise of €0.