US eyes European gas dominance through Balkans
As Europe weans itself off Russian energy, Washington is fast emerging as its largest gas supplier, with experts…
Oil Coordination Group confirms no immediate supply concerns in the EU
Experts from the European Commission, EU countries, industry, the International Energy Agency (IEA) and NATO met in the…
USO, BATL, TPET Jump As Brent Tops $100 For First Time Since May: Gulf Nations Reportedly Racing To Build Pipelines Around Hormuz
As crude prices continue to rise, markets are growing increasingly worried about an interest rate hike from the…
Donald Trump warns Iran, says ‘make a deal or we’ll finish…’
Donald Trump said the US would either reach a deal with Iran or “finish the job”, emphasising that…
AI frenzy adds to risks facing already vulnerable global economy, warns BIS
The Basel, Switzerland headquarters of the Bank for International Settlements, which warned this week about the risks of…
The Commission takes stock of situation on oil markets amid developments in the Middle East
In a meeting of the Oil Coordination Group held today, the Commission and EU countries discussed the security…
Citing fallout from Iran war, World Bank cuts forecast for global economic growth
WASHINGTON — The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down…
Iran war energy shock could slam global economy into recession, OECD warns
Prolonged disruption of energy supplies from the Middle East due to the Iran war would deal a severe…
Commission discusses gas and oil supply risks with EU countries as the conflict in the Middle East reaches a 3-month mark
In a meeting of the Gas Coordination Group held on 26 May and an ad hoc meeting of…
Bundesbank: Germany faces recession, double-digit inflation – POLITICO
“High inflation and uncertainty with regard to energy supply and its costs affect not only the gas and…
NATO backs renewables as solution to energy security, despite US skepticism – POLITICO
“By diversifying the energy sources, and routes, on which our Alliance depends — including through use of alternative…
EU action to address the energy crisis
The EU is actively regulating energy markets to prevent unfair pricing, market abuse, and practices that could lead…