Five Reasons Why the UAE Is Leaving OPEC
Oil prices are rising despite the Emirates’ announcement that it is leaving the cartel, but the move could reshape the market once…
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,…
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…
Will China Be the First Country to Collapse Because of the Iran War?
With a blockade of the Strait of Hormuz, Asian economies would be hit hardest. In absolute terms, China would face the largest dis…
Brussels pushes for Druzhba pipeline inspection in Ukraine
Oil flows halted and accusations rising between Ukraine, Hungary and Slovakia.
Germany left behind in nuclear power
In Paris, European Commission President Ursula von der Leyen signalled a major shift back towards nuclear energy in Europe. German…
Oil prices rise after attack on Iran – still far from historic highs
Iran does not even need to declare a formal blockade of the Strait of Hormuz or attempt to mine it. Shipping traffic through the n…
US and Israeli strikes on Iran could harm Europe – and benefit Russia
Gas prices in Europe have doubled, and another wave of migration may follow. If the conflict spreads, the continent could face sev…
Brussels has made slight concessions to member states. The climate law will be more flexible.
The European Union has set itself a new, transitional and legally binding climate target. By 2040, it aims to reduce net greenhous…
Gas reserves have fallen below 40 percent, prices have skyrocketed. Gas suppliers assure that there will be enough to last until spring
This winter, Europe is facing freezing temperatures and the whims of the American president. Both factors are having a significant…