English

Europe's energy crisis

Europe News

EU considering excessive profit taxes on oil and gas companies

ADVERTISEMENT

ADVERTISEMENT

More about this topic

World News

Iran war and energy supply issues propel South Caucasus collaboration

When it comes to connecting the continents of Asia and Europe, Azerbaijan and Georgia play a vital role in the transit of energy. The leaders of both countries have outlined how they will work together to broaden the Middle Corridor.

Europe News

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

Europe News

Will the Iran war threaten the EU's green transition?

The European Union's climate ambitions could be delayed as the war against Iran is driving energy prices through the roof and raising questions of supply security. EU leaders maintain the conviction that the path to energy independence lies in more clean power and less reliance on fossil fuels.

Europe News

EU urges countries to remain aligned to cope with market volatility

Energy Commissioner Dan Jørgensen emphasized that EU unity is crucial to managing the energy crisis, with oil up 70% and natural gas 50%, raising concerns over supply security.

ADVERTISEMENT

Europe News

Euronews explains: What the Strait of Hormuz crisis means for Europe

The closure of the Strait of Hormuz is rattling global markets, sending energy prices soaring and fuelling fears of supply shortages. Euronews explains:

Europe Today

EU governments are throwing billions at petrol shock. Will it help?

European drivers face soaring fuel prices as the Iran war hits oil markets, prompting EU states to cut fuel taxes, cap prices and tighten regulation.

Europe News

EU calls on member states to curb oil and gas demand

EU urges governments to boost energy savings and explore alternatives amid supply pressure, letter seen by Euronews reveals.

Europe News

EU ministers weigh oil price cap and windfall tax to rein in prices

Ahead of a ministerial meeting in Brussels, the European Commission urged EU finance ministers to keep energy relief measures short-term while staying on track with decarbonisation goals.

Europe News

Europe’s gas prices on the brink as Qatari LNG flows stall

Energy analysts predict a drastic surge in natural gas prices if Qatari LNG imports to the EU remain halted for another three months. If the Iran war drags on for another six months, Europe could face conditions similar to the 2022 energy crisis.

Ecotech

What is plug-in solar and can it save you money?

Many consumers want to know how long it will take them to make back the upfront costs of solar.

Europe News

LNG tide turns to Asia leaving Europe short on supply

Europe is losing LNG shipments to Asia as the war in the Middle East impacting Qatari facilities pushes prices higher. Italy and Belgium scramble for alternative supplies in mega competitive market.

Europe News

EU pushes early gas refills while easing storage targets on Iran war

Goal is to avoid panic buying while ensuring that EU countries' gas storage is replenished by next winter. The European Commission also told member states to refill below the 90% level set by law in 2022.

World News

EU measures against soaring energy and fuel prices amid Iran war

Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.

Economy

Is Europe going to be forced to return to nuclear energy?

With the EU still importing over 50% of its energy and facing persistently high electricity bills, the debate over a nuclear revival to ensure independence and affordability has been reignited.

Economy

IEA urges swift cuts in oil demand, encourages remote work

As the war in the oil-rich Middle East keeps escalating, the International Energy Agency is calling on governments to take measures to reduce oil demand by pushing remote working, reducing speed limits and encouraging a shift towards public transport.

The Ring

Energy crisis hits Europe - Who pays the price? MEPs clash in The Ring

In this new edition of The Ring, broadcast from the European Parliament in Brussels, MEPs Fabrice Leggeri (Patriots for Europe) and Jussi Saramo (The Left) debate Europe’s energy strategy as geopolitical tensions shake global markets.