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World News

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.”

Russia

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.

Ukraine

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.

Europe News

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.

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Europe News

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.

Green News

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.

Green News

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.

Green News

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.

Europe News

'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.

Nature

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.

Home

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.

France

Government forces striking employees back to work at Normandy refinery

Fuel shortages in France are set to continue after the CGT labour union vowed to continue industrial action and challenge the government's requisition in court.

World News

Heads of Russia and UAE meet after OPEC+ cuts oil production

Russian President Vladimir Putin and the leader of the UAE Sheikh Mohammed bin Zayed Al Nahyan meet in St Petersburg days after OPEC+ cuts oil production.

Europe Decoded

The G7 wants to cap the price of Russian oil. It won't be easy.

Western countries want to use their leading insurance and shipping companies to slash the Kremlin's oil revenues.

France

Strikers set for talks as some French petrol stations run dry

Many of France’s petrol stations are dealing with supply shortages amid a strike by energy workers in the country.

My Europe Series

Sanctions, summits and nuclear threats take centre stage in Europe

In our State of the Union show, we bring you the top stories driving the news in Brussels.

Business

OPEC+ to cut oil production by 2m barrels a day to ‘boost prices’

OPEC+ alliance agreed to its largest reduction in oil production since the spring of 2020, in a move strongly criticised by Washington.

Green News

Shell boss calls for tax on energy firms to help ‘poorest’ people

As energy prices soar, Shell’s chief executive has said that a tax on big firms is ‘inevitable’ - but has urged against capping prices.

Europe News

EU agrees new sanctions on Russia including price cap on Russian oil

"This oil cap will help reduce Russia's revenues and keep global energy markets stable," European Commission President Ursula von der Leyen said.

Green News

Shell reports record profits amid cost of living crisis

Russia's invasion of Ukraine has sent energy prices soaring and boosted profits for energy companies.