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EU Parliament backs higher targets on renewables and energy savings

European Union lawmakers voted on Wednesday to raise the bloc's targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to quickly end Europe's reliance on Russian gas.

read more... 16/09/2022

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France caps power prices increase at 15% next year to shield consumers

Power and gas price increases for French households will be capped at 15% next year, Prime Minister Elisabeth Borne said on Wednesday, as governments across Europe look to tackle prices that have soared after Russia's invasion of Ukraine.

read more... 15/09/2022

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North Sea nations plan huge expansion of wind power by 2050

Nine nations bordering the North Sea announced plans Monday to massively increase offshore wind power in the coming decades as part of an effort to combat climate change and become independent of fossil fuel imports, particularly from Russia.

read more... 13/09/2022

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EU states prepare for emergency talks on Russian gas price cap

European Union countries were poring over a range of proposals from Brussels ahead of emergency talks on Friday aimed at finding bloc-wide measures to cut rocketing energy costs before winter.

read more... 12/09/2022

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Daily (09.09.2022): Oil prices turned bullish again on Thursday due to forecasts for stronger demand

Oil prices jumped on Thursday, on prediction of strong demand, and export threats with suspension of oil and gas from Russia to some buyers. Consequently, Brent crude surged by 1.3% to $89.15 a barrel, and WTI crude oil soared by 1.9% to $83.54 a barrel.

read more... 09/09/2022

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