About: oil

The Brief — Bumps in the road of Europe’s dash for gas

There appears to be a growing acceptance among EU officials that preaching fossil fuel abstinence to others as the bloc pursues alternatives to Russian gas will not wash. 

Kazakh crude exports hit by Russian terminal repairs

Russian and Kazakh oil exports via the Caspian Pipeline Consortium's (CPC) Black Sea terminal face at least one month's disruption each once repairs begin on two of its three single mooring points (SPMs), CPC confirmed on Tuesday (23 August).

Oil majors face output slump, deep losses if Russia stops Kazakh pipeline

Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Kazakhstan, company sources, traders and analysts say.

Fearing Russian gas shut-off, France’s industry turns to oil

France's energy-intensive companies are speeding up contingency plans and converting their gas boilers to run on fuel oil as they seek to avoid disruption in the event any further reduction in Russian gas supplies leads to power outages.

Croatia loses international arbitration against Hungary’s MOL over gas business

Croatia has lost an international arbitration case launched by Hungarian oil and gas group MOL over Zagreb’s failure to fulfil obligations under an agreement about the gas business of the jointly owned Croatian oil company INA.

Russia shuts down terminal after Kazakhstan offers to send more oil to the EU

A Russian court closed a key oil terminal for the export of Kazakh oil on 6 July, two days after the President of Kazakhstan told Council President Charles Michel that his country is ready to send more oil to the EU.

Hungarian license plates on the black market / ‘Putinism’ on the rise in the Balkans

This week we are talking about a new entry into the black market: Hungarian license plates. EURACTIV’s Network Editor Vlad Makszimov is here to help us understand why they are in high demand, the current gas prices in Hungary, and...

Russia says West ‘shot itself in the head’ with energy sanctions

Russia said on 16 June that the West had "shot itself in the head" by trying to limit energy imports from the oil and gas fields due to the Ukraine conflict, in contrast to China which has increased energy deliveries.

Kazakhstan’s constitutional referendum explained

On Friday (3 June), Kazakhstan’s President Kassym-Jomart Tokayev gave the shortest speech of his career – only three minutes, expressing the ambition “to make New Kazakhstan a reality” in which social justice would be the principal value.

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).

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.

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).

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.

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.

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.

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.

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).

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).

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).

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....