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UK energy company BP's profits double in 2022

British energy supermajor BP has reported record annual earnings, fueling demands that the UK boost taxes on companies benefiting from the surge in energy prices.

07/02/2023

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EU ban on Russian oil imports comes into force

The EU and G7 countries have also expanded the existing price cap on Russian crude oil to include all refined products.

06/02/2023

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12/01/2023

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Russia is losing €160 million per day due to Western sanctions on oil

A new report gives a clearer picture of the double impact inflicted on Russia by the EU's oil embargo and the G7's price cap.

11/01/2023

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How can human hair be used to fight pollution?

Belgian NGO Dung Dung uses human hair clippings to absorb environmental pollutants in water.

29/12/2022

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Exxon tries to block new EU windfall tax on oil companies

The US oil giant argues Brussels went beyond its legal authority by imposing the levy.

28/12/2022

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Ban in response to $60 cap on Russian oil agreed by Western countries

Moscow has announced a ban on the export of crude oil to countries that have introduced price caps on Russian oil and petroleum products.

27/12/2022

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Campaigners say the decision sets a "minimum level of ambition for all banks committed to net-zero."

14/12/2022

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Russian oil cap not meant to disrupt markets - Timmermans

An EU ban on oil imports from Moscow also came into effect on Monday.

05/12/2022

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OPEC sticks to policy of reducing oil output

The Group often acts to change the supply and demand of oil, in order to control market prices and ensure high revenues for its members. But it says it's ready to meet at any time to “address market developments if necessary.”

05/12/2022

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Price cap on Russian oil comes into force despite Moscow's threats

The $60-a-barrel cap on Russian oil approved by the G7 comes into force on Monday despite Moscow's threats.

05/12/2022

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Price cap on Russian crude oil exports to come into effect

A price ceiling on Russian seaborne crude oil agreed upon by Australia, the EU and G7 nations will come into effect on Monday, with a cap on refined petroleum products due in February next year.

05/12/2022

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EU countries agree to cap Russian oil at $60 per barrel

EU ambassadors spent the last few days debating the level of the price cap, which will have implications across global markets.

02/12/2022

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EU talks to cap Russian oil prices hit impasse as key deadline nears

The latest proposal to cap Russian crude at $62 per barrel was deemed too high by Poland and the Baltic states.

29/11/2022

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Over 600 fossil fuel lobbyists registered at COP27 climate talks

“Those perpetuating the world's fossil fuel addiction should not be allowed through the doors of a climate conference”, campaigners say.

10/11/2022

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Climate campaigners protest at COP27 despite restrictive rules

Protest is limited at the climate conference in Sharl El Sheikh with actions confined to a designated area.

09/11/2022

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These European countries are pouring billions into fossil fuels abroad

The astronomical funding is a 35 per cent decrease from the 2016 to 2019 period - but nonetheless jeopardises crucial climate pledges.

02/11/2022

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'Russia will lose the energy battle,' says IEA chief Fatih Birol

Europe was by far Russia's largest market and client and "Russia lost this client forever", the International Energy Agency chief said in an interview with Euronews.

28/10/2022

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Alaska to auction a Netherlands-sized area to oil and gas companies

The state auction of arctic land will likely lead to an expansion of oil and gas production in the Arctic.

21/10/2022

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Are these floating 'powerships' the answer to Europe’s energy crisis?

It’s been floated that these seaborne power plants from Turkey could help Europe fill the Russian energy supply gap.

19/10/2022