Energy News

REPowerEU: New industrial Alliance to boost the EU’s solar power and energy security

Commission together with industrial actors, research institutes, associations and other relevant parties launched the European Solar PV Industry Alliance. The alliance will help mitigating supply...

Greek shipowners do not care about the boycott of Russian oil

European sanctions against Russian oil will only lead to higher prices, it will hit the pocket of the end consumer, says Nicolas A. Vernicos, the largest...

OPEC+ agrees to stick to its existing policy of reducing oil production

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November, - informs...

G7 agrees oil price cap: reducing Russia’s revenues, while keeping global energy markets stable

The international Price Cap Coalition has finalised its work on implementing an oil price cap on Russian seaborne crude oil. EU Member States in...

Less Russian crude on the market may result in higher crude prices early next year

When the U.S. Treasury Secretary proposed capping the price of Russian export oil to curb Moscow’s revenues, oil prices spiked. And Russia’s reaction was...

Quiet panic: “We don’t know how oil market is going to function after a certain date”

“How will the market react to the attempts by politicians to rig supply and price?” asks “The Financial Times” in an article “The week...

Best Practice: Why Going Green Is Best for Business

Why Going Green is Best for Business Over recent years, more companies have turned their attention to becoming greener and more environmentally friendly. But once...

Accelerating private sector investment in large-scale Renewable Energy

Following its 2020 edition, the Economic Policy Dialogue series (EPD) is back with six new sessions that will run until June 2023. Organized by the United...

World Bank Group Announces International Low-Carbon Hydrogen Partnership

Today, on Energy Day at COP27, the World Bank Group announced the creation of the Hydrogen for Development Partnership (H4D), a new global initiative...

EU leaders accuse US natural gas producers of profiteering

European leaders are unhappy with natural gas prices. Some leaders are insisting that the EU impose a price cap on all natural gas imports,...

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