A majority of EU member states have backed a 40% target for renewable energies like wind and solar by 2030 – a far cry from the 45% objective tabled by the European Commission and supported by Parliament earlier this year in response to Russia’s war in Ukraine.
read more... 26/12/2022
A consortium of Italy’s Eni and France’s TotalEnergies has found more natural gas off Cyprus, boosting Europe’s hopes for a clean break from Russian gas.
read more... 22/12/2022
The European Commission on Tuesday (20 December) conditionally approved the nationalisation of troubled German gas giant Uniper after it was pushed to the brink of collapse following Russia’s invasion of Ukraine.
read more... 21/12/2022
The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc's reliance on Russian fossil fuels, under a political deal reached on Wednesday.
read more... 15/12/2022
Crude oil prices rebounded on Monday amid the uncertainty about the restart of the Keystone Pipeline in North America following a leak and as the market prepares for possible curbs in Russian oil production. Hence, Brent crude increased by 2.5% to $77.99 a barrel. U.S. WTI crude settled at $73.17 a barrel, rising by 3%.
read more... 13/12/2022