Kyiv’s forces are close to encircling a large concentration of Russian troops in eastern Ukraine in what would be a fresh blow to Moscow in the wake of its unpopular Continue Reading
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
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
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
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
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’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
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
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
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
