Oil Windfall Tax Debate Exposes Central Europe’s Dilemma
Europe’s oil majors are posting bumper profits, prompting fresh calls for windfall taxes. Slovakia, however, shows why the debate …
Putin and Xi Agree on Construction of Second Siberian Gas Pipeline
Moscow and Beijing have discussed the Power of Siberia 2 gas pipeline for a decade. The project now appears to be gaining momentum…
The Battle Over CEZ Is About More Than Energy
The Czech government is preparing a step that could reshape the ownership of energy giant CEZ, with the huge cost of the Dukovany …
Germany and India Warn of Gas Shortages
Germany is urging citizens to save gas while denying that there is a real crisis. India, by contrast, is openly warning of the dan…
UAE Quits OPEC and OPEC+ as Oil Markets Brace for Turbulence
Analysts warn that the departure of the United Arab Emirates could weaken the group's ability to make up for oil supply shortfalls…
Ukraine Repairs Druzhba Pipeline, Oil Flows to Resume
Ukraine has completed repairs to the Druzhba pipeline, Hungarian oil company MOL said, paving the way for Russian oil flows to res…
Cheap Electricity for Industry – Europe’s Costly Stopgap
Germany, Bulgaria and Slovenia are cutting electricity prices for industry, with Austria pushing for a similar model. The measure,…
Trump’s Hormuz Gamble: Whose Clock Is Ticking?
At first glance, the US blockade of the Strait of Hormuz appears a logical and justified step. Yet Donald Trump is pushing into te…
Germany Has Gas but Shies Away From Domestic Production
Germany has large natural gas reserves but produces little of its own. Pressure is mounting within the CDU/CSU to reconsider frack…
Europe’s Climate Push vs Industrial Reality
Europe has deliberately driven up energy costs through emissions trading. While the EU is pursuing decarbonization, China is expan…
Hapag-Lloyd Loses up to $60 Million per Week Due to Hormuz Blockade
Six Hapag-Lloyd container ships are stranded in the Persian Gulf. Despite a ceasefire, the Strait of Hormuz remains blocked and co…
First petrol stations close – fuel crisis intensifies
Fuel is becoming scarce across Europe. Some petrol stations have already run dry, others are rationing, as the conflict in the Mid…
Orban: Hungary to halt gas supplies to Ukraine until Druzhba oil supplies resume
Russian oil has not flowed through the Druzhba pipeline to Slovakia and Hungary for almost two months. Kyiv cites damage from a Ru…
Europe responds to soaring energy costs
Governments across Europe are taking action on high energy costs, though their approaches differ widely, with some opting for swif…
China’s quiet strategy in Hormuz
While the West argues over Hormuz and military missions, China’s oil imports from Iran continue. Pipelines, the port of Jask and a…