Europe's energy crisis
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Business
Italy petrol tops €2.6: opposition and groups sound alarm, govt weighs variable fuel duty
Fuel costs are back in the spotlight: in Milan and on motorways prices exceed €2.60 a litre. Opposition parties and associations warn of hikes hitting families and firms, while the Meloni government drafts measures to stem the crisis.
EU.XL
EU pushes to triple energy storage as renewable power goes to waste
EU energy ministers signed the first-ever tripartite agreement to boost the bloc’s energy storage capacity on 26 June. The EU needs 200 gigawatt (GW) of storage capacity by 2030, compared with the current 55. 22 member states promised to add around 30-35 GW of new capacity by 2028.
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Europe News
EU eyes jet fuel reserves as Strait of Hormuz crisis threatens supply
With the peak summer season drawing near, EU energy ministers are wary that jet fuel supply may be further strained, even as analysts see "sharp movement" towards greater jet fuel production within European refineries.
Business
AI and energy security drive investment focus at Baku Energy Week 2026
Baku Energy Week 2026 showcased how AI, digitalisation and regional gas diplomacy are reshaping the global energy sector, as companies and officials increasingly focus on competitiveness, energy security and cleaner technologies.
Europe News
EU cuts GDP forecast as Strait of Hormuz crisis pushes inflation up
The EU has downgraded its 2026 economic growth forecast after the Strait of Hormuz crisis sent energy prices sharply higher earlier this year. With no end to the conflict in sight, rising energy costs are fuelling tensions among member states calling for additional fiscal support measures.
Europe News
EU fertiliser plan exposes link between energy and food bills
Critics argue that the European Commission's plan, framed as a rescue package for farmers squeezed by soaring energy costs, geopolitical disruption and mounting pressure on food production, falls short of providing short-term relief for consumers facing high grocery bills.
Travel News
How to avoid paying more for Middle East travel disruption
More expensive tickets, possible cancellations and last-minute changes. The conflict in the Middle East threatens to complicate summer holidays. Brussels reminds travellers of their rights and recommends checking conditions before booking to avoid overpaying.
