The Biden administration is considering relaxing sanctions against Venezuela as the White House scrambles to avert another surge in US gas prices, according to a report late Wednesday. The administration’s … Read More
Ursula von der Leyen has opened the door for a targeted and temporary EU-wide cap to rein in soaring gas prices and curb market speculation. But her message comes with … Read More
The Biden administration’s scramble to avoid another surge in US gas prices took a major hit Wednesday after OPEC and Russia approved a significant cut in oil production. Oil jumped … Read More
The European Union’s energy infrastructure has become a target for the first time in recent history, Ursula von der Leyen said on Wednesday, adding that the bloc must carry out stress … Read More
Germany, the EU’s industrial powerhouse, is facing scrutiny over a €200 billion financial scheme to help citizens and businesses cushion the pain from soaring gas bills. The plan, described by … Read More
As the European Union stares into the abyss of a potentially catastrophic energy crisis, policymakers are becoming increasingly frantic about what to do next, what message to give and what … Read More
EU energy ministers are meeting today to approve a first package of emergency measures in an effort to curb soaring electricity bills and coordinate member states’ responses to the energy … Read More
Germany’s government says it will spend up to €200 billion to help consumers and businesses cope with rising energy prices. Chancellor Olaf Scholz announced on Thursday that the government is … Read More
The European Union must impose a broad price cap on all gas imports entering the bloc in order to bring soaring energy bills under control, a group of 15 member … Read More
The European Union should be “very careful” about imposing a price cap on all gas imports entering the bloc, Anna Lührmann, Germany’s minister of state for Europe, has warned. The … Read More
