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Keywords: Energy security
European Commission President Ursula von der Leyen has estimated that the European Union has incurred an additional €106 billion in energy costs since the outbreak of the US-Israeli war against Iran. Her remarks highlight the financial pressure facing European economies as geopolitical tensions......
US President Donald Trump has announced plans for large-scale oil, gas and mineral exploration in Greenland, highlighting the Arctic territory’s potential economic value and strategic importance. The announcement comes amid renewed efforts to strengthen the American presence in the region following......
The European Commission has proposed postponing certain methane-related obligations for fossil fuel importers by one year, seeking to ease pressure on European energy companies as prices rise and concerns grow over the reliability of global supplies. The proposal comes amid heightened uncertainty in......
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that recent attacks targeting Saudi Arabia could have far-reaching economic consequences, as rising energy costs and regional instability threaten to affect markets and consumers worldwide. Speaking to journalists on......
US President Donald Trump has accused Yemen’s Houthi movement of seeking to push global oil prices higher ahead of the November 3 midterm elections, linking the group’s renewed attacks on Saudi Arabia to broader regional tensions and domestic economic pressures. In a statement published......
Germany is considering a new strategic natural gas reserve designed to protect the country against major supply disruptions, with a draft proposal suggesting that households could contribute through an annual fee of up to €7.20. The plan aims to strengthen national energy security but has reportedly......
Qatar’s Emir, His Highness Sheikh Tamim bin Hamad Al Thani, has called for Israeli leaders to be held accountable over the war in Gaza while urging Gulf states to strengthen security cooperation amid escalating regional tensions. Speaking before Qatar’s Shura Council on Tuesday, the emir......
Russia made no mention of attacks on Ukrainian energy infrastructure in its overnight military report on Tuesday, October 13, marking a potential pause in strikes on critical energy facilities following US President Donald Trump’s announcement of an energy ceasefire initiative. However, Russian......
European natural gas prices rose above $1,000 per 1,000 cubic metres on Tuesday, approaching their highest levels since late 2022 as geopolitical tensions in the Middle East continued to unsettle energy markets. By 3:40 p.m. Moscow time, gas futures on the Dutch Title Transfer Facility (TTF), Europe’s......