Brussels has said it will raise more than €140bn from windfall taxes on energy companies’ profits to soften the blow of record high energy prices this winter. With energy prices Continue Reading
STRASBOURG, Sept 14 (Reuters) – 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 Continue Reading
Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as Continue Reading
BRUSSELS, Sept 12 (Reuters) – European Union countries can use 225 billion euros ($227.57 billion) in untapped loans from the EU’s recovery fund to address energy problems and other challenges Continue Reading
French scepticism about a new gas pipeline across the Pyrenees highlights the competing visions for Europe’s future energy mix as the continent urgently confronts a power crisis. MidCat would be Continue Reading
The European Union is preparing to propose a plan that would force fossil fuel companies taking in windfall profits from surging oil and gas prices to submit financial contributions to Continue Reading
The European Union is retreating from imposing a price cap on Russian gas, but pushing ahead with windfall taxes on energy companies’ surplus profits, the Guardian reported on Tuesday, citing Continue Reading
Natural gas prices fell for a third day as the European Union pushes ahead with its market intervention to ease the worst energy crisis in decades. Benchmark prices dropped as Continue Reading
China and India hold the key to the success, or failure, of a price cap on Russian oil proposed by the G7. Asia’s largest oil consumers are expected to buy Continue Reading
European Union energy ministers met on Friday to seek agreement on ways to shield citizens from sky-high energy prices and prevent power utilities from collapsing as Russia has gradually turned Continue Reading
EU energy ministers are calling for a 10% reduction in electricity consumption. According to the WSJ, the electricity rationing plan appears to have support from many member states. Today’s emergency Continue Reading
European Union energy ministers met on Friday to seek agreement on ways to shield citizens from sky-high energy prices and prevent power utilities from collapsing as Russia has gradually turned Continue Reading
European governments are drafting drastic measures to cut energy demand and survive the winter without natural gas from Russia. That’s going to be a huge challenge. Gas prices have eased Continue Reading
EU energy ministers are looking at steps to prevent Russia’s gas supply cutoff from unleashing rationing, blackouts or even social unrest. Maria Tadeo reports. Natural gas prices dropped, with the Continue Reading
European energy ministers are debating plans for an intervention in the continent’s energy markets at an emergency meeting that is aimed at tamping down soaring electricity prices . Diplomats said Continue Reading
The European Union proposed a price cap on Russian gas on Wednesday after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising Continue Reading
Not long after Russian forces invaded Ukraine, another mobilization began. European energy ministers and diplomats started jetting across the world and inking energy deals — racing to prepare for a Continue Reading
Banks across Europe are bracing for energy rationing and possible power outages this winter by getting backup generators ready so that they won’t leave bank transactions and ATMs in the Continue Reading
Faced with an “astronomic” rise in energy prices, European Union ministers will meet on Friday to discuss emergency measures to get their nations through the cold months ahead without additional Continue Reading
European stock markets opened in the red on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high Continue Reading
Ukraine made its boldest claim yet of success on the battlefield in its week-old counter-offensive against Russian forces in the south, while European markets went into free-fall on Monday after Continue Reading
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an Continue Reading
Stainless steel mills are closing across Europe due to the ongoing energy crisis. Around three million tons of Europe’s stainless steel capacity is at risk. This sort of “commodity” standoff Continue Reading
The European Union is on track to beat targets for filling gas storage, but analysts warn the bigger factor for energy security this winter will be whether countries can slash Continue Reading
Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some Continue Reading
Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the Continue Reading
Nat. Gas Sets Path of Price Increases When German utility Uniper SE on Monday requested another 4 billion euros in bailout loans, it didn’t mention some key beneficiaries of the Continue Reading
As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would Continue Reading
Europe faces the risk of blackouts, rationing and a severe recession. Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the Continue Reading
European natural gas prices plunged the most since March after Germany said its gas stores are filling up faster than planned and some traders took profits after the rally of Continue Reading
European Union defense and foreign ministers, meeting in Prague this week, will discuss options for setting up an EU military training mission for Ukrainian forces and also look into calls Continue Reading
A 9 billion-euro ($9 billion) offshore wind power hub planned in the Baltic Sea will mark a significant step in the process of weaning Europe off its reliance on Russian Continue Reading
Countries across Europe are rushing to install new LNG import facilities as quickly as possible. That’s what Matteo Illardo, Europe analyst for RANE risk intelligence, told Rigzone, adding that most Continue Reading
The United States has emerged as a top natural gas supplier to Europe. High domestic prices could force the United States to curb exports. If imports from the United States Continue Reading
Europe’s energy crisis is squeezing the small and midsize firms that form the backbone of the continent’s economy, leading some business owners to curb production or close up shop. Katrien Continue Reading
Heatwaves across the globe have weighed on natural gas supplies. Countries are bracing for natural gas shortages this winter. Natural gas prices across the globe are soaring, with European prices Continue Reading
European natural gas futures extended their gains to a record-high settlement as an energy-supply crunch continued to batter the region, amid signs that the is fuel becoming too costly for Continue Reading
Since the beginning of the Ukraine war, the rest has been racing to reduce reliance on Russian energy. Last week, the EU proposed a 15% cut in gas usage across Continue Reading
European spot power prices fell on Thursday as German solar supply is seen rising, while French nuclear availability increased. German baseload power for delivery on Friday was down 6.2% to Continue Reading
Water levels on the Rhine are set to rise over the weekend, potentially providing respite to a crisis that has snarled the shipment of energy products and other goods along Continue Reading
Asia-to-Europe flows set for five-month high, Vortexa predicts Trade driven by energy-security concerns, slowdown in China A fleet of ships carrying diesel, one of the world’s most important fuels, is Continue Reading
A combination of record-breaking natural gas prices, rising coal prices, and droughts across Europe are putting the EU electricity market under massive pressure. French utility EDF has had to significantly Continue Reading
As the EU grapples with an energy crisis and seeks alternatives to Russian pipeline gas, the bloc plans to increase its financial support to a military mission in Mozambique – Continue Reading
TTF front month opens at Eur230/MWh on Aug 16 Difficult to understand this market: trader Winter 23 contracts up 51% since July 1 European natural gas assessments at the benchmark Continue Reading
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an Continue Reading
European Union countries formally adopted the bloc’s emergency plan to curb gas use on Friday, as they attempt to save fuel for a winter of uncertain Russian supplies, despite Poland Continue Reading
“In Switzerland, we’re not used to the idea of droughts”, said Sonia Seneviratne, professor of land-climate dynamics at ETH Zurich research university. “We see ourselves as being this water fortress Continue Reading
Europe gas storage 70% full, surpassing 5-year average Filling EU tanks to targets costs 50-55 bln euros-analysts Europe raised LNG imports to compensate for reduced Russia flows Despite building up Continue Reading
The EU is weighing accelerating the development of manure-based fertilizers to limit reliance on Russian-made alternatives and the gas needed for domestic production. The Spanish and Dutch governments are “opening Continue Reading
Fanning out like urban guerrillas through Paris’ darkened streets well after midnight, the anti-waste activists shinny up walls and drain pipes, reaching for switches to turn off the lights. Click. Continue Reading
