Almost four months after Russiaโs invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the average of March to May 2022, Indian imports of Urals crude have picked up by 658% compared to 2021 levels, while for China the increase is 205% and for Asia as a whole 347%, Rystad Energy research shows.
European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine.
The euro areaโs pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia, according to new projections from the European Commission.
Italian energy giant Eni is preparing to open ruble accounts at Gazprombank JSC, allowing it to potentially comply with Russian demands that gas must be paid for in local currency, according to people familiar with the matter.
The former deputy country chair of Shell Ukraine has hit out at TotalEnergies over its โtoothless, useless and highly disappointing" position on Russia's invasion.
By Derek Leith, EYโs UK Tax Sustainability Leader
On July 14, 2021 the EU unveiled its much anticipated โFit for 55โ package of proposals to align the trading block with its 2030 emission reduction targets.
European Union leaders failed to reach a deal on how to react to the unprecedented gas crisis that sent energy prices to record levels after Poland and the Czech Republic demanded stronger action to cap the costs of pollution.
The UK is trying to corral at least 18 countries to agree to stop funding of foreign fossil fuel projects by the end of next year, according to people familiar with the situation.
The price of polluting in the European Union may rise to as much as 85 euros a metric ton by the end of the decade as the bloc tightens its carbon market and forces a swifter shift to clean energy, according to a draft analysis by the EUโs executive arm.
With less than 30 days to go until the end of the Brexit transition period at the end of December, many questions remain unanswered as to what the impact will be on waste management in the UK.
President Recep Tayyip Erdogan has called for negotiations over gas exploration rights for Turkey in the eastern Mediterranean as EU leaders consider sanctions.
The theme for this issue of Energy Voice is looking back on 2020 and looking forward to 2021 โ I think most of us canโt wait to put 2020 behind us, so I thought I would focus on the future. One thing the future holds for us is Brexit.
European Union foreign-policy chief Josep Borrell said EU relations with Turkey are at a crossroads as the bloc presses Ankara to halt controversial energy exploration in the eastern Mediterranean.
European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and agriculture.
Brexit has โgot in the wayโ of the UK collaborating on a major North Sea wind โislandโ complex, according to one of the projectโs main partners.
I have just read about an โunintended consequenceโ of Brexit which involves sausages. Unless a derogation is achieved, Britainโs sausage makers will be unable to sell to the EU and Northern Ireland without a โspecial export health certificateโ.
The European Union plans to dedicate a quarter of its budget to tackling climate change and has set up a scheme to shift one trillion euro (ยฃ856 billion) in investment towards making the economy more environmentally friendly over the next 10 years.
British special forces seized a supertanker off Gibraltar carrying Iranian oil to Syria in violation of European and U.S. sanctions against the war-torn country.