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Category: EU

Category:
  • EU
  • Germany

Energy crunch pits Germany against frustrated EU leaders seeking gas cap

 Prime ministers of Italy and Belgium were among those to air frustration on Thursday with Germany’s refusal to cap gas prices as the 27 European Union leaders met for a Continue Reading

Posted On : 21 Oct 2022 Published By : Tom Whipple
Category:
  • EU

Energy Crisis Poses Existential Threat To Europe’s Industry

European industries are struggling to stay competitive amid soaring energy costs. Surging natural gas and electricity costs have resulted in a jump in operational costs for all industries, from steelmaking Continue Reading

Posted On : 21 Oct 2022 Published By : Tom Whipple
Category:
  • EU

EU proposes energy measures, avoids immediate gas price cap

The European Commission proposed another set of emergency measures on Tuesday to tackle high energy prices, but steered clear of an immediate cap on gas prices as EU countries remain Continue Reading

Posted On : 19 Oct 2022 Published By : Tom Whipple
Category:
  • EU

EU Emergency Measures Unlikely To Include A Natural Gas Price Cap

The European Commission is unlikely to include an immediate cap on natural gas prices in the emergency measures it is set to propose today. The measures will be designed to Continue Reading

Posted On : 18 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Prices

Europe Gas Drops to 3-Month Low as EU Plans More Crisis Measures

Natural gas prices fell as the European Union prepares measures to curb volatility in its biggest marketplace in an attempt to rein in the energy crisis. Benchmark futures dropped as Continue Reading

Posted On : 17 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Russia

Russia’s Novak casts doubt on Europe’s ability to meet peak winter gas demand

Highlights Situation ‘really critical’ for Europe this winter Novak questions which suppliers can replace Russian gas Deliveries to China to reach 22 Bcm in 2023 Russia’s Deputy Prime Minister Alexander Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Prices

Europe Gas Set for Weekly Loss as Germany Beats Storage Target

Nation’s reserves are 95% full two weeks ahead of schedule Region likely to avoid unusually cold winter: climate model Europe’s gas storage sites are more than 91% full. Photographer: Krisztian Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • EU

Europe facing gas insecurity, ‘uncontrolled deindustrialization’ through 2025

Highlights Fuel switching, LNG, efficiency and rationing Near term tough on Europeans, industry Europe will likely manage a drop in Russian natural gas supplies this winter as the war in Continue Reading

Posted On : 14 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Prices

European Gas Prices Drop to 3-Month Low Amid Strong LNG Imports

Storage silos for liquid natural gas at the Yukonhaven terminal at the Port of Rotterdam in Rotterdam, Netherlands. Photographer: Peter Boer/Bloomberg European natural gas prices slumped to the lowest level Continue Reading

Posted On : 10 Oct 2022 Published By : Tom Whipple
Category:
  • EU

EU leaders reaffirm support for Ukraine, squabble over gas price cap

EU leaders remain divided over gas price cap European Commission to make proposals for EU summit Poland criticises Germany for big spending on compensation Leaders vow continued financial, military aid Continue Reading

Posted On : 8 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Prices

‘Significant work still to be done’ on European gas price cap proposals

Highlights Next EU Council on Oct 20 Deeper reform ‘six months away’ EFET warns of damaging knock-on effects The European Commission has significant work to do on the design of Continue Reading

Posted On : 8 Oct 2022 Published By : Tom Whipple
Category:
  • coronavirus
  • EU

COVID wave looms in Europe as booster campaign makes slow start

 A new COVID-19 wave appears to be brewing in Europe as cooler weather arrives, with public health experts warning that vaccine fatigue and confusion over types of available vaccines will Continue Reading

Posted On : 7 Oct 2022 Published By : Tom Whipple
Category:
  • EU

Gas crisis set to worsen after Europe burns through winter stocks

Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold of this winter, the head of the International Continue Reading

Posted On : 6 Oct 2022 Published By : Tom Whipple
Category:
  • EU

Europe’s Diesel Crisis Is Far From Over

Europe’s diesel crisis is set to worsen as refinery maintenance and unplanned outages result in reduced supply. The benchmark diesel profit margins in Europe rose last week to the highest Continue Reading

Posted On : 5 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Russia

Europe Turns Its Back on Russian Crude as Sanctions Draw Closer

Goldman’s Currie: Oil Market Will Continue to Tighten The European market for Russia’s seaborne crude is drying up as sanctions draw nearer, and the country’s Asian customers aren’t picking up Continue Reading

Posted On : 4 Oct 2022 Published By : Tom Whipple
Category:
  • EU

EU Parliament adopts rules for common charger for electronic devices

The European Parliament approved new rules on Tuesday that will introduce in the European Union a single charging port for mobile phones, tablets and cameras by 2024, in a world Continue Reading

Posted On : 4 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Prices

European Gas Drops as Mild Weather and Stockpiles Ease Nerves

Prices have dropped about 50% from the highs of late August European natural gas prices extended declines as mild weather and ample stockpiles ease concerns about shortages. Benchmark futures declined Continue Reading

Posted On : 4 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Pipelines

Eastward gas flows via Yamal-Europe stop, supply via Ukraine stable

 Eastbound gas flows stopped on Monday via the Yamal-Europe pipeline to Poland from Germany while Russian supply to Europe via Ukraine was stable and the Nord Stream 1 pipeline remained Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Refining

Europe braces for heavy oil refinery outages amid tight supplies

A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • EU

European Gas Demand Set For Record-Breaking Decline In 2022

A combination of soaring natural gas prices, an industrial slowdown, and energy-saving measures has sent European gas consumption falling. The International Energy Agency has forecast a 10% drop in annual Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • EU

Analysis: Exposed Europe steps up energy defences after Nord Stream ‘sabotage’

Major leaks blamed on sabotage on the subsea Nord Stream gas pipelines from Russia to Europe have put governments from Oslo to Rome on high alert and prompted some to Continue Reading

Posted On : 1 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Hydrogen

EU Approves Another $5.2 Billion For Green Hydrogen Projects

Europe is quickly establishing itself as a leader in the green hydrogen race. The European Commission has approved another $5.2 billion in public funding for green hydrogen projects. The new Continue Reading

Posted On : 1 Oct 2022 Published By : Tom Whipple
Category:
  • EU
  • Prices

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

Posted On : 30 Sep 2022 Published By : Tom Whipple
Category:
  • EU

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

Posted On : 30 Sep 2022 Published By : Tom Whipple
Category:
  • EU

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

Posted On : 30 Sep 2022 Published By : Tom Whipple
Category:
  • EU

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

Posted On : 30 Sep 2022 Published By : Tom Whipple
Category:
  • EU

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

Posted On : 30 Sep 2022 Published By : Tom Whipple
Category:
  • EU
  • Russia

E.U. Moves to Impose New Sanctions to Punish Russia for ‘Sham’ Referendums

The Pentagon said on Wednesday it would send an additional $1.1 billion in long-term military aid to Ukraine, including 18 High Mobility Artillery Rocket System launchers, or HIMARS, one of Continue Reading

Posted On : 29 Sep 2022 Published By : Tom Whipple
Category:
  • EU
  • Russia

Meeting in Brussels Signifies a Turning Point for Allies Arming Ukraine

n a sign that the United States and its allies believe that the fighting in Ukraine will last years, military officials from more than 40 countries gathered at NATO’s headquarters Continue Reading

Posted On : 29 Sep 2022 Published By : Tom Whipple
Category:
  • EU

Europe Is Ready for a Winter Without Russian Gas, BNEF Says

Europe Has to Pray for a Warm Winter: Blanch Europe’s frenzied buying of liquefied natural gas means it’s likely to have enough of the power-generation fuel this winter to offset Continue Reading

Posted On : 28 Sep 2022 Published By : Tom Whipple
Category:
  • EU
  • Prices

Natural Gas Prices Continue Plunge As Europe Fills Up Ahead Of Schedule

Europe’s natural gas prices have continued their sharp pullback across UK and European benchmarks as the continent has filled up its gas storage ahead of schedule. Benchmark Dutch front-month futures Continue Reading

Posted On : 27 Sep 2022 Published By : Tom Whipple
Category:
  • EU

Europe Faces An Exodus Of Energy-Intensive Industries

Very high energy costs are forcing European companies to cheaper places like the U.S. The Inflation Reduction Act could benefit chemicals, batteries and clean energy industries. Industries such as manufacturing Continue Reading

Posted On : 26 Sep 2022 Published By : Tom Whipple
Category:
  • EU

EU countries push to keep their own energy crisis measures

 European Union countries are pushing for guarantees that they can keep their own windfall profit levies on energy companies, and retain the option to impose even tougher measures, alongside bloc-wide Continue Reading

Posted On : 24 Sep 2022 Published By : Tom Whipple
Category:
  • Climate
  • EU

Winter power demand in EU’s main gas markets forecast 5.3% lower: S&P Global

Winter power demand across the EU’s main gas-fired power markets is forecast some 5.3% below the five-year average, analysis by S&P Global Commodity Insights shows. November-to-March demand in eight EU Continue Reading

Posted On : 24 Sep 2022 Published By : Tom Whipple
Category:
  • EU

Europe’s First Cold Snap Is Early Test for Continent in Crisis

Normal temperatures are set to return by the start of October when wind generation will increase too. Photographer: Angel Garcia/Bloomberg An Arctic chill that’s blowing across western Europe through next Continue Reading

Posted On : 24 Sep 2022 Published By : Tom Whipple
Category:
  • EU

European fuel makers urge EU to rethink plans for ICE car ban due to energy crisis

EU proposals to ban the sale of new internal combustion engine cars and vans by 2035 should be reconsidered given the impact Russia’s war in Ukraine has had on soaring Continue Reading

Posted On : 23 Sep 2022 Published By : Tom Whipple
Category:
  • EU

High Natural-Gas Prices Push European Manufacturers to Shift to the U.S.

A big winner from the energy crisis in Europe: the U.S. economy. Battered by skyrocketing gas prices, companies in Europe that make steel, fertilizer and other feedstocks of economic activity Continue Reading

Posted On : 22 Sep 2022 Published By : Tom Whipple
Category:
  • EU

The Single Largest Energy Market Intervention In EU History

 EU plans to mandate a 5% reduction in peak hour energy demand will be a real test of resolve. Power generation technologies with lower generation costs than natural gas – Continue Reading

Posted On : 22 Sep 2022 Published By : Tom Whipple
Category:
  • Energy Demand
  • EU

Gas demand reduction key for upcoming winter, but situation ‘manageable’: EC

Highlights EC on standby to issue ‘union alert’ on gas demand: Zsigri Winter could become difficult, no room for complacency No final decision yet on scope of gas price cap Continue Reading

Posted On : 22 Sep 2022 Published By : Tom Whipple
Category:
  • EU
  • Russia

Russia Losing Gas War

Russia is losing its gas war against Europe, according to Standard Chartered analysts. Russia is losing its gas war against Europe. That’s what Standard Chartered analysts think, according to a Continue Reading

Posted On : 22 Sep 2022 Published By : Tom Whipple
Category:
  • EU

EU Willing To Pay Up For Russian Diesel Ahead Of Ban

The EU may have a plan to ban all Russian diesel purchases in February, but in the meantime, European buyers are happy to pay more for Russian diesel now than Continue Reading

Posted On : 21 Sep 2022 Published By : Tom Whipple
Category:
  • EU

Europe burns cash to help businesses in deepening energy crisis

Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights on and Continue Reading

Posted On : 21 Sep 2022 Published By : Tom Whipple
Category:
  • EU
  • Renewables

EU’s ‘Fake’ Green Label for Gas and Nuclear Are Under Legal Attack

Greenpeace and a raft of other environment groups issued the European Union with an ultimatum over its decision to grant some gas and nuclear power stations a “fake” green label Continue Reading

Posted On : 19 Sep 2022 Published By : Tom Whipple
Category:
  • EU
  • Russia

Vladimir Putin’s Energy War With Europe Seems to Falter

Vladimir Putin ’s economic campaign to force European governments to abandon support for Ukraine by sharply curbing their natural-gas supplies looks to be faltering as gas prices fall, Russian government Continue Reading

Posted On : 19 Sep 2022 Published By : Tom Whipple
Category:
  • EU

EU Parliament backs higher targets on renewables and energy savings

 European Union lawmakers voted on Wednesday to raise the bloc’s targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to Continue Reading

Posted On : 15 Sep 2022 Published By : Tom Whipple
Category:
  • EU

EU seeks $140 billion to insulate consumers from energy crisis

 The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession Continue Reading

Posted On : 15 Sep 2022 Published By : Tom Whipple
Category:
  • EU
  • USA

US shale bosses tell Europe: ‘There’s no bailout coming’

The US shale industry has warned it cannot rescue Europe with increased oil and gas supplies this winter amid fears that a plunge in Russian exports will send crude prices Continue Reading

Posted On : 15 Sep 2022 Published By : Tom Whipple
Category:
  • EU

EU proposes $25 billion windfall tax on fossil fuel producers to help offset energy crisis

One-off tax to target ‘surplus’ oil, gas, coal profits in 2022 Minimum excess tax rate of 33% proposed EU oil industry flags concern over tax calculation The European Commission proposed Continue Reading

Posted On : 15 Sep 2022 Published By : Tom Whipple
Category:
  • EU

EU lays out energy crisis plan, says solidarity with Ukraine unshakeable

The European Commission on Wednesday unveiled a series of proposals to curb the energy price spike that has rocked Europe in the wake of Russia’s invasion of Ukraine, while stressing Continue Reading

Posted On : 14 Sep 2022 Published By : Tom Whipple
Category:
  • EU

EU to propose crisis measures to tackle energy price spike

The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices, European Commission Continue Reading

Posted On : 14 Sep 2022 Published By : Tom Whipple

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