About: oil

Global Europe 06-05-2022

EU tweaks Russia oil sanctions plan in bid to win over reluctant states

The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to prepare for the shift in their energy supplies, three EU sources said on Friday (6 May).
Energy 26-04-2022

Germany ‘very, very’ close to independence from Russian oil

Thanks to efforts to diversify oil suppliers and with support from the Polish government, Germany is days away from being independent of Russian oil, Vice-Chancellor Robert Habeck said.

Oil slips on fears over slowing China demand

Oil edged lower on Monday (18 April) as worries over slowing demand in China balanced support from concern over tight global supply and the deepening Ukraine crisis.
Europe's East 12-04-2022

Russian oil should be included in sixth EU sanction package says Zelenskyy

With the ink on the fifth package of sanctions against Russia barely dry, the EU must include oil in the sixth package, Ukrainian President Volodymyr Zelenskyy said while addressing Lithuanian lawmakers on Tuesday (12 April).
Europe's East 08-04-2022

EU approves Russia coal embargo, but already looks beyond

EU member states on Thursday (7 April) green-lighted an embargo on Russian coal and the closing of the bloc's ports to Russian vessels over Moscow's war in Ukraine, but attention has already shifted to who may stand in the way of possible future energy sanctions.

The Ukraine war: A hidden opportunity for the EU Green Deal

Russia's war on Ukraine, while devastating, could have 'positive' collateral effects on the European Green Deal. EURACTIV France reports.
Global Europe 22-03-2022

Biden calls India ‘shaky’ in Russia confrontation

US President Joe Biden said Monday (21 March) that India was an exception among Washington's allies with its "shaky" response to the Russian invasion of Ukraine.
Economy & Jobs 21-03-2022

Experts slam Berlin’s reluctance to forgo Russian energy

As Russia’s war in Ukraine enters its fourth week, Germany has become the focal point of a debate about whether Europe should continue financing Russian military operations through the purchase of energy from Moscow.
Energy 01-03-2022

EU ministers brace for future without Russian energy

The European Union is considering measures to bolster its energy security as increasingly harsh sanctions against Russia and the escalating violence in Ukraine have raised concerns about the security of supply of Russian energy commodities for the next winter.
Energy 15-06-2021

NGOs take Norway to European Court over Arctic oil exploration

Two NGOs and six young climate activists have decided to take Norway to the European Court of Human Rights (ECHR) to demand the cancellation of oil permits in the Arctic, Greenpeace announced on Tuesday (15 June).
Energy 31-03-2021

Fossil fuel shares drop in value compared with clean energy, think tank says

The value of share offerings in fossil fuel companies has dropped by almost 20% since 2012, while low-carbon companies gained ground in a shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday (31 March).
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Energy 15-03-2021

LUKOIL developed four scenarios of how the climate agenda will affect on oil demand

LUKOIL has completed working out scenarios for changing global oil demand, which has been prepared as part of its climate strategy development. Vagit Alekperov, the co-owner and president of the company, announced it at a conference call on March 10....
Global Europe 10-03-2021

Snubbing Rosneft, Poland signs deal with ExxonMobil on oil supplies

Polish oil refiner PKN Orlen has signed a contract with US ExxonMobil under which it will import around 1 million tonnes of crude oil within a year, it said on Tuesday (9 March).
Economy & Jobs 26-11-2020

Kazakhstan-EU relations: From establishing the partnership to driving it forward

Kazakhstan’s first President, Nursultan Nazarbayev, is given credit for being instrumental in helping to establish Kazakh-EU relations. He helped lay the foundations for the landmark EU-Kazakhstan Enhanced Partnership and Cooperation Agreement (EPCA), which entered into force on 1 March 2020....
Agrifood 21-04-2020

Romania allows derogations in fossil fuel blending

The Romanian government adopted on 9 April an emergency ordinance that changes the regulations on fuel sales and allows the sale of gasoline and diesel without the mandatory quotas including biofuels, EURACTIV.ro reported.
Global Europe 18-02-2020

Libya’s rival factions dig in for long conflict

Libya’s combatants are readying for a long conflict, as foreign weapons flood in, eastern factions close oil ports and rival alliances wrangle over revenues from Africa’s largest petroleum reserves.
Europe's East 14-02-2020

The Kremlin is pushing Belarus to merge with Russia: Lukashenko

The Kremlin is pushing Belarus to merge with Russia in exchange for cheap energy, the Belarusian leader said Friday (14 February), as Russian strongman Vladimir Putin is believed to be maneuvering to extend his stay in power.
Central Asia 15-01-2020

Kazakhstan and Belarus to discuss oil supply deal

Kazakhstan and Belarus will discuss an oil supply deal before 20 January, Kazakhstan Energy Minister Nurlan Nogayev told reporters on Wednesday (15 January), without explaining the significance of that date.
Energy 28-10-2019

Russia’s Rosneft-led Arctic oil project requires $157 billion of investment

A ambitious new Arctic oil project led by Russia’s top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia’s deputy energy minister Pavel Sorokin told reporters.
Energy 17-09-2019

Saudi attack will jolt oil markets out of ‘complacency’ over Gulf tensions – analysts

The price of oil has seemed relatively immune to heightened tensions in the Gulf, but this weekend’s attack on Saudi oil facilities means markets will now be more skittish.
Energy 17-09-2019

The attack on Saudi Arabia’s Abqaiq refinery and the realpolitik of oil

After a Saudi oil processing facility came under attack, attention turned on the immediate effect this could have on oil prices. But the worry should be more over the medium term than the short term, writes Robin Mills.
Energy 28-08-2019

Ahead of heating season, EU gas tanks are full

With gas prices at a ten-year low, storage tanks are far fuller than average for this time of year. This may have political implications as lawmakers think about security of supply.
Energy 20-08-2019

No-deal Brexit set to cause disruption for UK oil refineries

Though UK fuel export tariffs are set to rise to 4.7%, import tariffs will be set at 0%. Oil refineries are warning this would put them at a competitive disadvantage.
Energy 17-07-2019

How vulnerable is Europe to conflict in the Strait of Hormuz?

NEWS ANALYSIS / The involvement of a British tanker in the latest military incident with Iran in the crucial oil shipment choke point has pulled Europe into the fray.