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Exclusive: G7’s 100-million-barrel pledge tied to March oil release
The October G7 announcement aims to accelerate and complete the IEA’s March emergency oil-stock release, rather than add a new 100-million-barrel pledge to the original 400 million, according to a document seen by Euronews.
Europe News
5 things to know ahead of crunch EU-China talks
The next ten days will be critical for EU-China relations. EU Trade Commissioner Maroš Šefčovič will travel to Beijing later this week for high-level talks aimed at rebalancing the trade relationship and securing “tangible” results ahead of next week’s meeting of EU leaders.
Europe News
Von der Leyen takes on Europe’s refineries amid energy crunch
Europe wants to reduce its dependence on fossil fuels, but while it still relies heavily on oil — particularly diesel — reducing the infrastructure that processes that oil has increased vulnerability during the green transition.
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.
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".
Europe News
Greece urges EU to loosen fiscal rules as energy crisis deepens
High energy prices and military escalation at energy facilities in the Middle East prompted Greek Prime Minister Kyriakos Mitsotakis to ask Brussels for greater fiscal flexibility. Greece has the largest debt among EU countries and is heading to polls in 2027.