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The Ring

Can Europe compete economically with US and China? MEPs on The Ring

From Artificial Intelligence to rare minerals, from Trump's tariffs to China's cheap exports - in this edition MEPs Jörgen Walborn (EPP) and Lina Gálvez (S&D) talk about the global economic challenges that lie ahead and that impact all of us in Europe.

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.

Economy

UK economy shrinks in April as the Iran war energy shock takes a toll

Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025, as the conflict in the Middle East pushed up energy costs and prompted households to rein in their spending.

Focus

Baku Energy Week: energy security meets innovation

In partnership with Azpromo

At Baku Energy Week 2026, global leaders and industry experts discussed energy security, diversification, renewables and connectivity, highlighting the growing role of cooperation and innovation in shaping future energy systems.

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Europe News

Defying Russia: Poland and Germany want mega wind farms in Baltic Sea

Despite hybrid attacks from Russia, Poland is betting on offshore wind power from the Baltic Sea. At a forum in Berlin, one message was clear: the region could become Europe’s next major energy hub. Will Europe seize this opportunity?

Azerbaijan

Smart pipelines: Can AI protect the world’s energy lifelines?

As ageing pipelines face growing risks, the energy industry is increasingly turning to AI and smart monitoring systems to improve their safety and efficiency.

Economy

Eurozone economy shrinks by 0.2% in the first quarter of 2026

The 21-member euro area has entered negative territory for the first time in over a year, with a dramatic Irish contraction masking more nuanced performances across the bloc's major economies.

Europe News

Opinion: Germany in intensive care – a danger for all of Europe

After Germany's resounding defeat in the race for a seat on the UN Security Council, one thing has become clear: the country is in intensive care. An opinion piece by Euronews' Editorial Director, Claus Strunz.

Azerbaijan

There is no energy transition — only addition, experts say at Baku Energy Week

Grid infrastructure emerged as the forum's defining bottleneck on the last day of Baku Energy Week, as the IGU's chief of staff said that global consumption of oil, gas, coal and renewables is rising simultaneously, directly challenging the conventional narrative.

Earth News

Energy use of AI and data centres rivals most countries: UN report

"That extra ‘please’ you put there can make a huge difference,” says one of the report's authors.

Business

Energy transport corridors to Europe boosted by new digital systems

AI and new digital technologies are key to the urgently needed alternative energy trade routes through the Southern Gas Corridor and the Middle Corridor systems connecting the Caspian and Europe.

Business

SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal

Azerbaijan's SOCAR signed a long-term deal with TotalEnergies, ADNOC's investment arm XRG and Turkey's BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years.

Europe News

EU Commission answers Italy's call for energy cost relief measures

The measures indirectly address Italy's request that the Commission relax its fiscal rules to allow member states to tackle rising energy prices without incurring excessive debt and risking penalties.

Azerbaijan

Southern energy corridors set to dominate Europe supplies, leaders say

The rapid reshape of global energy supply routes and markets is a key focus at the Baku Energy Week 2026.

Belgium

EU Commission set to slam Italy's fuel duty cuts amid energy crisis

The EU Commission is set to criticise the Italian government's reduction in excise duties on fuels in a report to be published on Wednesday. Rome has been asking for more fiscal flexibility to address the energy crisis, which Brussels deems should be directed at vulnerable families and industries.

Economy

ECB rate hike in focus as Eurozone's 'Big Four' post high inflation

Inflation picked up across the EU’s largest economies in May, driven by higher energy prices, fuelling expectations that the ECB will raise interest rates at its June meeting.

Business

Chevron enters Greek offshore project as Europe seeks energy security

Chevron has applied to join a Greek offshore exploration area known as Block 10 in the Ionian Sea, in a move that could strengthen Greece's role in Eastern Mediterranean energy security.

The Europe Conversation

‘Electrification is key to save Europe’s industry,’ IEA tells Euronews

The International Energy Agency's chief Fatih Birol told Euronews that the EU should embrace the 'age of electricity' to boost industrial competitiveness.

Europe Today

Birol warns Europe easing Russia sanctions would be a 'major mistake'

IEA chief says “knocking on Russia’s door” would be a repeat of past mistakes, even as the EU is rattled by a price shock stemming from the Strait of Hormuz shutdown. Agency warns of "biggest energy security crisis ever".

Europe Today

IEA warns of biggest energy security crisis in modern history

The International Energy Agency is warning the world is “facing the biggest energy security crisis in modern history” as the shutdown in the Strait of Hormuz continues to rattle the global energy market. We have an exclusive interview with IEA's executive director, Fatih Birol.