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Economy

EU urges France, Germany to slash energy crisis spending

A European Commission report spells the return of belt-tightening after years of crisis-driven largesse

Markets

How could Iranian drones potentially threaten European oil?

Iran has recently equipped its Revolutionary Guard’s navy with drones to increase surveillance in the Strait of Hormuz as the country continues to export drones to Russia.

Economy

Using energy at the right time can save Europe €10.5 billion a year

You could save 7% on your electricity bill by 2030 - and 10% by 2050 - in the EU and the UK if you tweak your consumption habits, according to a new study. Here’s how to get there.

Europe News

Brussels prolongs subsidies for struggling EU firms until June 2024

The European Commission has decided to extend until June 2024 two extraordinary measures that make it easier for member states to support companies affected by persistently high energy prices.

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Economy

German producer price index slides for fourth consecutive month

The German producer price index slides for fourth month in a row on the back of shrinking energy and metal prices.

Business

Fortune 500 Europe: Which company is the biggest on the continent?

Energy companies are sitting on top of the newly published Fortune 500 Europe list.

Markets

The EU may be competing with China for gas this winter

Experts are predicting a mild upcoming winter in Europe, but EU states could still face shortages of liquified gas if competitor demand rises.

Business

Energy crisis: Who has the priciest electricity and gas in Europe?

The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023.

United Kingdom

As cold weather looms, concerns grow again about energy bills

Around 40% of Brits are keeping their heating off, as NGOs issue stark warnings of a coming crisis.

Tech News

Demand for AI could see the tech consume as much energy as Ireland

An academic has crunched the numbers to show how the energy demands of artificial intelligence (AI) could be equivalent to those of an entire country.

Business

Exxon in advanced talks for $60 billion acquisition of Pioneer

Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources. With this deal, the American oil and gas producer would be valued at about $60 billion (€57 billion), as reported by Reuters.

Europe News

EU 'willing to consider' subsidies for nuclear reactors: von der Leyen

Ursula von der Leyen has welcomed the idea of industrial subsidies in the field of nuclear energy, a highly divisive topic in the European Union.

Europe News

EU slashed second-quarter imports of Russian energy - Eurostat

The EU's imports of Russian oil and gas continued to decrease steeply in the second quarter of this year, according to new data released by the EU's statistical office Eurostat.

Markets

Uncertainty in Europe as oil prices keep climbing

Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year.

Europe News

EU recalls envoy who said buying Russian gas was 'blood money'

The European Commission has issued a stern rebuke against its top representative in Vienna, Martin Selmayr, after he said Austria's continued purchases of Russian gas amounted to "blood money".

Europe News

EU purchases of Russian LNG up 40% compared to pre-war levels: study

The European Union vowed to drastically cut imports of gas from Moscow over its invasion of Ukraine but data shows the bloc's purchases of Russian-made liquefied natural gas (LNG) have soared.

Europe News

How Europe's gas prices fell from €300 to €35 MWh in one year

One year ago, European politicians were in a state of panic watching wholesale gas prices break all-time records.

Poland

Euroviews. Poland is becoming Washington's gateway for regional energy diplomacy

US energy diplomacy has the unique potential to foster a diversified energy market but also the development of clean and renewable energy not just in Poland but in CEE as a whole, Nathan Alan-Lee writes.

Green News

Where in the world is running out of water?

More than two dozen countries are using a majority of their renewable water supply every year making them vulnerable to drought.

Living

Europeans reluctantly turn on the AC as heatwaves bite

As the summer breezes fade, sweltering Europeans are giving air conditioning a sceptical embrace.

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