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Europe
Crude Oil
EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials
The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'…
Crude Oil
European Refiners Oversupplied as Oil Shortage Fears Subside
European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.
EIB Approves €4bn in Clean Energy Investment
The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…
Electric Car
InoBat Inks Declaration for EV Battery Gigafactory in Serbia
InoBat Auto, European developer of Electric Vehicle (EV) batteries, has signed protocols and declarations of intent with the Government of the Republic of Serbi…
EU
EU Financial Watchdog Launch Fact-Finding Dive Into ‘Greenwashing’
The European Union's banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand 'greenwashing' a…
Crude Oil
Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA
Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …
Carlyle Launches European Clean Energy Developer: ‘We Would Rather Build’
Private equity firm Carlyle Group Inc has formed a unit to build solar and other renewable energy plants as part of a push into creating infrastructure to addre…
Namibia
Namibia’s First Green Hydrogen Power Plant Finds Finance
Hydrogène de France (HDF) Energy has partnered with European Investment Bank partner to implement Namibia’s first green hydrogen power plant.
Natural Gas
COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years
Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.
Nuclear Reactor
EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity
The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.
Natural Gas
Persistent EU Rifts Seen Delaying Any Approval of Gas Price Cap
Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch.
Oil & Gas Supply
The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…
Electric Car
COP27: U.S. In Talks With EU on Electric Car Tax Credits
The United States is listening to the concerns of European counterparts about the trade tensions triggered by the Biden administration's clean vehicle subsidies…
Carbon Emissions
EU Proposes Tighter Vehicle Pollution Emission Standards
The European Commission proposed on Thursday broadly tighter limits for vehicle emissions of harmful nitrogen oxides and particulates, including new standards f…
LNG
EU Risks 30 Bcm Gas Shortage in 2023 Storage Filling Season - Von Der Leyen
The European Union risks falling short of some 30 billion cubic metres (bcm) of gas during the next storage filling season in 2023.
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