ADVERTISEMENT
ADVERTISEMENT
More about this topic
Europe News
EU energy ministers to mull domestic gas drilling amid security woes
The EU Cyprus Presidency will raise the question during an informal gathering of ministers amid energy security concerns and soaring prices. Gas projects in Greece, Italy, Romania and Poland were flagged as available resources with potential for increased explorations.
ADVERTISEMENT
Europe News
Energy prices set to rise as last Gulf Tankers reach Europe
Energy analysts have warned of surging energy prices beyond already elevated levels, as the last vessels carrying oil and natural gas from the Strait of Hormuz before the conflict have reached Europe. Supply forecasts for oil and gas remain optimistic as US deliveries are expected.
Europe News
Can Péter Magyar break Hungary’s reliance on Russian oil?
Péter Magyar, the expected future Hungarian prime minister, won the general election in a landslide, unseating outgoing Viktor Orbán after 16 years in power and raising questions about whether Budapest will move away from Russian energy.
Europe News
EU considering excessive profit taxes on oil and gas companies
The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.
Europe News
What impact could an Iran ceasefire have on energy prices?
The announcement of a two-week ceasefire in the Middle East has triggered an immediate drop in oil and natural gas prices, raising hopes for lower energy bills. However, consumers might not see the effects for several months, even though the oil industry has issued some optimistic forecasts.
.