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Keywords: Energy crisis
Claudio Descalzi, CEO of Italian energy giant Eni, called on the European Union Sunday to reconsider its plan to phase out Russian gas imports starting in early 2027. He warned the bloc lacks clear alternatives to replace the supplies it plans to cut. Speaking at a League party event, Descalzi questioned......
Global commodity markets reacted sharply after the United States announced a blockade targeting Iranian ports, triggering a surge in oil prices and a decline in gold. Crude oil benchmarks rose significantly, with prices climbing above the symbolic $100-per-barrel threshold. The increase reflects growing......
Irish police have intervened to dismantle a blockade at the country’s only oil refinery, as protests over rising fuel prices intensified and began to disrupt national supply chains. Demonstrators, angered by a sharp increase in diesel costs in recent weeks, used tractors and heavy vehicles to......
Rising fuel prices across the United States are forcing drivers in major cities such as Boston, Houston, and Denver to change their daily habits, as the ongoing conflict involving Iran continues to disrupt global energy markets. Motorists report cutting back on long-distance travel, adjusting commuting......
A six-week conflict involving the United States, Israel, and Iran has triggered Asia's worst energy crisis in decades, with surging fuel prices, severe LPG shortages, and widespread economic fallout. A fragile two-week ceasefire announced April 7 offers only tentative relief. Wood Mackenzie's......
Finance ministers from Germany, Italy, Spain, Portugal, and Austria have urged the European Commission to introduce an EU-wide windfall tax on energy companies, as fuel prices surge בעקבות geopolitical tensions. In a joint letter dated April 3 and addressed to climate commissioner Wopke Hoekstra,......
The worst energy crisis in modern history will ultimately accelerate the worldwide transition to renewables, nuclear power, and electric vehicles, International Energy Agency executive director Fatih Birol said in an interview published Tuesday by French daily Le Figaro. Birol described the current......
The world is facing an unprecedented energy crisis as disruptions to oil and gas supplies continue to intensify, raising concerns about global economic stability and inflation. According to the head of the International Energy Agency (IEA), the current situation represents one of the most severe energy......
The war in the Middle East has upended global energy markets, but for China the disruption is proving to be an accelerant. As oil-importing nations grapple with crude prices above $110 a barrel and scramble for alternatives to volatile fossil fuel supplies, Chinese electric vehicles, solar panels, and......