About: oil
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).OpinionPromoted content
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....
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....
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.
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.
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.
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.
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.
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.
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.
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.
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.