Keywords: Energy


Le Pen calls for windfall tax on TotalEnergies if fuel price caps fall short

Marine Le Pen has suggested that a windfall tax on TotalEnergies could be introduced if current measures to limit fuel prices prove insufficient to protect consumers. Speaking during a public appearance in central France, the political leader emphasized that while the company’s decision to cap......

China blocks US sanctions against five refineries

China’s Ministry of Commerce announced that it has taken legal measures to block sanctions imposed by the United States on five Chinese oil refineries, escalating tensions between the world’s two largest economies. According to official statements reported by state media, the decision aims......

France introduces €50 fuel allowance for low-income high-mileage workers

The government of France has officially published in the Journal Officiel the details of a new €50 fuel allowance designed to support low-income workers who travel long distances for work. The measure aims to ease the financial pressure caused by persistently high fuel prices. The scheme targets......

Analysts warn of oil rationing in weeks amid supply crisis

Two months into the largest oil supply disruption on record, the global energy crisis escalates as U.S.-Israel-Iran war effects deepen. Crude prices hold above $100 per barrel while strategic reserves deplete fast. Governments brace for forced demand rationing as fuel stocks melt away. The International......

Strait of Hormuz closure disrupts luxury car oils amid energy crisis

The Strait of Hormuz closure blocks 20% of global oil and comparable liquefied natural gas flows, sparking the modern era's largest energy disruption. Asian governments ration fuels, revive coal power, and fast-track nuclear plans. Western oil majors post surging profits as supplies dwindle. The......

Europe braces for intense heat waves and prolonged drought in May

Europe is entering May with a highly volatile meteorological regime that combines unpredictable thunderstorms with unseasonably high temperatures. National and private weather forecasting services warn of a continental shift toward sustained heat, intensifying long-term water stress across diverse regions.......

Morocco prepares fundraising push for $25 billion Nigeria gas pipeline

Morocco is preparing to launch a fundraising effort to support the construction of a $25 billion gas pipeline linking Nigeria to Morocco, a project designed to strengthen regional energy integration and expand supply routes to Europe. The initiative will be led by National Office of Hydrocarbons and......

Oil crisis accelerates global shift toward renewable energy transition

A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments......

China’s coal powered grid shields factories amid Asian energy shock

China’s manufacturing sector expanded in April despite a global energy crisis triggered by escalating geopolitical tensions and disruptions to maritime routes. Official data showed industrial activity continuing to grow, supported by a domestic energy system heavily reliant on coal, which has insulated......