European Energy Commissioner Kadri Simson (pictured) insisted on Tuesday that the European Union is ready for the end of the contract on transporting Russian gas through Ukraine, which expires soon, and that she does not expect the bloc to experience a deficit in the commodity as the...
Russian President Vladimir Putin underlined on Monday that the gross production of oil in the country since the start of the year amounted to 195.7 million tons, which is roughly 1.8% less compared to the same timeframe last year.The Russian president, however, emphasized that the Russian fuel...
The United Kingdom Office of Gas and Electricity Markets (Ofgem) shared on Monday that it plans to implement a new "dynamic" energy price cap that varies based on the time of day British households consume energy.
The energy regulator stated that it launched a consultation pondering options for...
Russian Deputy Prime Minister Alexander Novak confirmed on Tuesday that Moscow will implement a six-month ban on gasoline exports from the country starting from March 1.Earlier, Russia's RBC Daily reported citing sources that Prime Minister Mikhail Mishustin approved the temporary ban on...
Luxembourg-based steel manufacturer ArcelorMittal SA will reportedly receive up to €1.2 billion in subsidies in Germany, Handelsblatt reported on Thursday citing sources.
The expected announcement regarding the approval of subsidies by the German government is anticipated to take place in...
United Kingdom Office of Gas and Electricity Markets (Ofgem) revealed on Thursday that the energy price cap will stand at £1,928 in the first three months of 2024.
The new cap, which "sets a maximum that can be charged to customers for energy bills," will be £94 or 5% higher compared to the...
The Russian government removed the temporary ban on gasoline exports from the country, the Ministry of Energy announced on Friday.
Namely, the decision to revoke the ban was reached following the establishment of a surplus of commodities within the domestic market. According to the ministry,...
The German Ministry of Economy announced on Tuesday that the government will grant a guarantee worth €7.5 billion to Siemens Energy AG.
The country's federal government's guarantees will fund half of the €15 billion package intended to rescue the German energy giant. The company also...
German government confirmed on Thursday in a statement that the approved electricity package will result in a tax relief of €12 billion for the manufacturing industry in the following five years by dropping the current tax from €15.37 per megawatt-hour (MWh) to €0.50/MWh.
On the matter,...
Germany reportedly approved on Thursday an electricity price package to relieve around 350 companies in the sector from taxation, Handelsblatt wrote, quoting governmental sources.
The agreement will mean a tax reduction of over €10 billion during the next year for those companies and was...
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