EU leaders have failed to reach an agreement on a continent-wide cap on gas prices, which continue to be alarmingly high as Russia’s invasion of Ukraine disrupts the markets. Making … Read More
Top energy company executives will try to convince the White House Thursday not to ban fuel exports in a desperate bid to bring down eye-watering gasoline prices. The emergency meeting led by Energy Secretary … Read More
Ukrainian protesters are demanding a boycott of Russian oil company Lukoil over its connections to the Kremlin, claiming it finances the war in Ukraine. The privately owned petrol company is … Read More
The clock is ticking for the European Union. The bloc is rushing to slash its deeply entrenched and highly costly dependency on Russian fossil fuels, the Kremlin’s most lucrative exports … Read More
President Biden stepped up his rhetoric against oil companies Wednesday, telling the seven major refiners their profit margins were “well above normal” and demanding that they explain themselves to the … Read More
Even the EU’s coronavirus recovery fund is moving on from the pandemic. The history-making joint fund, agreed in July 2020 to help member states weather the financial fallout, is in … Read More
Inflation in the eurozone is expected to have reached a record high of 7.5% in April, but not all countries using the single currency are being hit the same. That’s … Read More
European Union member states will need to have their gas reserves filled to at least 80% capacity by November to ensure they have enough supply for next winter, according to … Read More
