About: oil
IEA chief: Ethanol ‘very important’ to reduce oil dependence
Ethanol will have a very important role in decarbonising the transport sector globally, the executive director of the International Energy Agency (IEA) told EURACTIV.com. Another energy expert said electrification will play a major role in transport but is not applicable to all sectors, which is where biofuels come in.
China defies US pressure as EU parts ways with Iranian oil
China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington.
Double-counted renewables will increase dependency on fossil fuels
The EU Council's proposal for double or even multiple counting of advanced biofuels and green electricity consumption will increase Europe's dependency on fossil fuels to cover "real" energy needs, something which conflicts with the principal objective of the RED II legislation.
Europe’s future oil production seen viable at $60 a barrel
Europe is hardly the first place that springs to mind when thinking about the world's major oil producing regions, and there is a perception that the domestic industry has already seen its heyday, particularly in the North Sea.
Giant Libyan oilfield closed as gunmen press demands
An armed group forced Libya’s massive el-Sharara oilfield to close late on Sunday (1 October), shutting off production of more than 230,000 barrels per day (bpd), the head of the state oil company said.
German ex-Chancellor Schröder hits back in Russia row before vote
Former German Chancellor Gerhard Schröder hit back at criticism of his planned new job at Russian oil producer Rosneft on Thursday (17 August), accusing his foes of political manoeuvring to help get Angela Merkel re-elected.
Energy guru lifts the veil on first Putin-Trump meeting
EXCLUSIVE/ Energy guru Igor Yusufov shared his views with EURACTIV.com on the first bilateral meeting between Russian President Vladimir Putin and his US President Donald Trump at the G20 summit, as well as on the global gas and oil business.
Turkey voices energy ambitions at World Petroleum Congress
Turkey, a country poor in energy resources, has voiced its ambitions to leverage its geographic position by becoming an even more important crossroads of supply routes and a giant energy hub, saying this would “improve” the EU’s energy security.
Saudi Arabia, Russia agree oil output cuts to push up prices
Saudi Arabia and Russia, the world's two top oil producers, agreed today (15 May) to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.
EU opens door to Canada’s dirty oil
Oil extracted from tar sands is far more polluting than conventional hydrocarbons. But the EU’s decision to change the way it classifies the fuel is good news for Canadian exports and bad news for the environment. EURACTIV’s partner Ouest-France reports.
EU clears tighter controls on power plant air pollution
The European Union on 28 April approved new air pollution limits, which could save over 20,000 lives annually through the reduction of pollution from power plants, specifically those which are coal-fired.
European companies compete for water solutions
European companies are competing in the petri-dish of innovative projects looking to provide water solutions in the arid lands of the eastern Arabian Peninsula, writes Stuart Reigeluth.
Kazakhstan changing to secure continuity
Kazakhstan and the wider region of Central Asia are on the cusp of significant change, albeit largely unrecognised by the rest of the world, writes Kamran Bokari.
Iran certifies 29 international companies to bid for oil, gas projects
Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, the oil ministry news website SHANA reported yesterday (2 January).
‘Zero kilometre’ food products start to take Spain by storm
Concepts like "100% local" and "zero kilometer" products are now on an upward trend in Spain and are forcing the food industry to rethink how it does business. EURACTIV’s partner EFEAgro reports.
FuelsEurope boss: Burning global-warming petrol is society’s choice
The burning of petroleum in transport, despite its contribution to climate change, is a choice made by customers in a society that runs on liquid fuel, John Cooper has said. The director-general of FuelsEurope stated that there had never been a referendum, asking whether people were prepared to pay more for a low carbon future.
Brexit threatens global oil demand, warns IEA
Europe has been the “saving grace” of global oil demand, which is expected to be higher than forecast in 2016, but that is under threat from uncertainty caused by Brexit, the International Energy Agency has warned today (13 July).
Renewable energy: A simple strategy to regain global leadership
The EU is no longer leading the global energy transition. To reclaim this position, it must stop prioritising fossil fuels and nuclear, increase energy efficiency and keep fossil fuels in the ground, argues Christine Lins.
Croatia’s right-wing government falls
Croatia's government fell Thursday (17 June) after Prime Minister Tihomir Oreskovic lost a confidence vote in parliament, in a serious blow to the country's nationalist rulers after only five months in power.
Europe’s African challenge: Engage or lose influence
By European standards, last week’s elections in Congo-Brazzaville were not clean. This came as no surprise. Congo-Brazzaville has only had one genuine election, in 1992.
EU’s 2030 climate and energy objectives will be missed without biofuels
If Europe is serious about its climate commitments, and if Europe wants to reduce its dependence on imported oil, then we need to increase the amount of low-carbon biofuels in the energy mix, writes Peder Holk Nielsen.
ETS reform to quadruple refiners’ carbon costs, industry says
The next phase of the EU Emissions Trading System (ETS) will nearly quadruple European refiners' carbon costs to around 23 euro cents per barrel, up from six cents now, the head of the European refiners' industry body said on Tuesday.
Low oil prices threaten to kill off recyclers
Cheap oil is not good news for everyone. The recycling industries were among the first to suffer, and now the used oil regenerators are under threat. Our partner Journal de l'Environnement reports.