Explainer: How could Europe cap gas prices?
The European Union is considering options to cap gas prices, as a growing number of countries pressure Brussels to put a lid on sky-high fuel costs. France, Italy, Poland and Continue Reading
Russia says Nord Stream likely hit by state-backed ‘terrorism’ | Reuters
Russia said on Thursday that leaks spewing gas into the Baltic Sea from pipelines to Germany appeared to be the result of state-sponsored “terrorism”, as an EU official said the Continue Reading
NATO believes Baltic Sea gas leaks were sabotage
The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in citing sabotage as Continue Reading
The Idea Of A Windfall Tax On Oil And Gas Is Gaining Popularity
The EU plans to launch a deep and comprehensive reform of its electricity market, a reform that will likely be funded by a windfall tax on oil and gas companies. Continue Reading
Russia Is Flaring Less And Keeping Natural Gas In The Ground
Some analysts assumed that cutting Russian gas exports would force the country to either shut down some production of natural gas or flare it. Satellite data shows that flaring in Continue Reading
Europe’s Diesel Crunch Is Set To Worsen
Despite recent signs of weaker diesel demand and economic headwinds, diesel and other crude product supply in Europe is set to tighten in the coming weeks amid higher than normal Continue Reading
Germany Must Cut Natural Gas Consumption To Avoid Winter Shortages
Germany’s gas consumption rose too much last week to levels higher than in previous years, and without considerable gas conservation—including from households—Europe’s biggest economy will find it difficult to avoid Continue Reading
EU countries approve energy windfall levies, turn to gas price cap
European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits, and began talks on their next move to tackle Europe’s energy crunch – possibly a Continue Reading
Energy crisis sires new European order: a strong Italy and ailing Germany
In the weeks after Russia’s invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni (ENI.MI) , embarked on a whirlwind of trips to gas suppliers Continue Reading
Eurozone Inflation Hits 10% as Power Suppliers Scramble for Reserves
The eurozone’s annual rate of inflation hit double digits in September as uncertainty about the currency area’s ability to make it through the winter without power cuts continued to keep Continue Reading