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Europe News

Trump says it is time for Ukraine to replace Zelenskyy as leader

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Europe News

Who controls Europe’s emergency oil – and when can it be released?

National leaders command the valves, the International Energy Agency coordinates global oil volumes, while the European Commission is a vital central switchboard.

Economy

Europe’s diesel reserves: How a release could lower pump prices

The EU says it is ready for collective action with the IEA on a fresh emergency release. Analysts say releasing diesel reserves could lower pump prices within days, but would offer only short-term relief.

Europe News

France weighs emergency oil release as US pressure mounts ahead of G7

France is set to present a plan to release emergency oil stocks following US pressure, with Paris considering a combined release of crude oil and diesel. President Emmanuel Macron will hold a G7 call on Friday.

Europe News

Meloni asks Brussels for fiscal leeway as energy shock squeezes Italy

Italian prime Minister Giorgia Meloni is urging the European Commission again to relax the EU's fiscal rules, saying that higher inflation due to soaring energy prices is squeezing households and businesses, according to a letter seen by Euronews.

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Europe News

EU holds crisis meeting as US pressure mounts to release emergency oil

EU countries and the European Commission are holding talks on Friday that could pave the way for a new emergency oil reserves release, as pressure from Washington mounts. Energy Commissioner Dan Jørgensen told Euronews a fresh emergency release is "a possibility".

Economy

No relief at the pump: EU diesel hits new record of €2.24 a litre

Twelve EU countries recorded new diesel price highs as supply disruptions pushed the bloc’s average pump price to €2.24 a litre.

Business

Fuel prices before the Iran war vs now: How much of a wage is needed?

A 50-litre diesel tank costs the equivalent of 15.4% of Bulgaria’s gross monthly minimum wage, compared with 3.8% in Luxembourg, as fuel prices have risen since the Iran war began.

Europe News

US urges Europe to release more emergency oil reserves as prices surge

Washington says European countries have yet to deliver promised oil releases, as soaring crude and diesel prices intensify pressure on governments to intervene.

Economy

Diesel taxes in Europe: Which countries charge the most?

Diesel has overtaken petrol as Europe's most expensive fuel, at a record €2.226 per litre. Yet EU governments still tax it about 12 cents less than petrol.

Economy

IEA could weigh further oil reserve releases as EU energy costs soar

The IEA says it could consider releasing more emergency oil stocks if supply disruptions worsen, although another release is not currently its top priority. Europe faces a difficult winter after spending more than €100bn extra on energy imports since the Iran war began.

Europe News

What would a US diesel export ban mean to European countries?

The EU has deepened energy ties with the US while seeking to reduce its exposure to geopolitical shocks. Yet US plans to limit diesel exports expose how quickly commercial dependence can become a strategic vulnerability.

Economy

How European governments are trying to ease the fuel price shock

European governments are cutting fuel taxes, offering subsidies and adjusting energy rules to ease the impact of record petrol and diesel prices. France, Germany and Spain are among those expanding support, while the EU faces the added risk of possible US restrictions on diesel exports.

Economy

Europe's fuel crisis: The 10 oil stocks that rallied in 2026

Record diesel prices and refining margins have pushed Europe's oil majors up 40% to 87% this year. Here are the ten best performers.

Economy

Higher fuel bills are costing the EU €270 million a day, report says

Diesel accounts for most of the extra road fuel cost. T&E estimates that an EU diesel driver paid €142 more over the period it studied, while a German long-haul truck faced an extra €236 a week.

Europe in Motion

Largest fuel crisis in history: Europe's most expensive fuel pumps

The global oil crisis sent petrol and diesel peaking over €2.4/L and €2.5/L, but figures adjusted for the cost of living give a better indication of which countries are feeling the pinch the worst.

Business

French diesel prices top €2.40 as European fuel costs hit records

As the Middle East war disrupts global oil supplies and refining costs soar, diesel prices in France have reached record levels, making them among the highest in the EU.