As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache.
read more... 27/10/2023
The European Union is on track towards its goal of ending Europe's reliance on Russian fossil fuels within this decade, the European Commission said on Tuesday.
read more... 25/10/2023
The EU is on track to end winter with sufficient gas, even if Russia halts supplies, although such a scenario – combined with cold weather – would erode stocks to around 20% of capacity, said think tank Bruegel.
read more... 12/10/2023
France will have enough gas supplies for the winter even in the event of severe cold weather, operators GRTgaz and Terega said on Monday, in a further indication that Europe's second-biggest economy has managed to diversify its sources from Russia.
read more... 10/10/2023
On Monday, crude oil prices remained relatively stable as the decision to prolong production cuts by Saudi Arabia and Russia was offset by predicted U.S. oil record output in September. Hence, Brent crude traded at $93.29 a barrel. Meanwhile, U.S. WTI crude slipped by 0.4% to $89.68 a barrel.
read more... 26/09/2023