Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration, Russia’s Deputy Energy Minister Pavel Sorokin said on Continue Reading
The U.K. will make 1.5 million barrels of oil available from its strategic stockpile, making a modest contribution to the U.S.-led coalition of energy consumers seeking to damp down rising Continue Reading
Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros Continue Reading
Germany is set to mark 100,000 deaths from COVID-19 this week, passing a somber milestone that several of its neighbors crossed months ago but which Western Europe’s most populous nation Continue Reading
Consumers in the European Union and Britain face further gas price spikes this winter as flows of Russian gas via major transit routes are proving too little, too late. The Continue Reading
The European benchmark price for carbon allowances on Monday climbed above 70 euros ($78.88) per tonne for the first time since the European Union’s carbon market launched in 2005. The Continue Reading
People holding placards protest at a rally in Prague, Czech Republic, Monday, Nov. 22, 2021, to decry the government’s restrictions on unvaccinated people as new infections soared in the European Continue Reading
The European Central Bank has asked banks to “urgently” improve plans to protect their businesses from climate change risk after a review found widespread shortcomings in lenders’ approach to environmental Continue Reading
Austria went into a major lockdown on Monday to try to break the strong fourth wave of Covid spreading across Europe, while the German health minister, Jens Spahn, warned that Continue Reading
British Gas has swooped in to supply stranded customers from collapsed energy firms Neon Reef and Social Energy. It will onboard all 35,500 domestic consumers from both companies. This switchover Continue Reading
