Europe energy crisis

Europe scrapes out economic growth by dodging gas disaster  

Fears of lagging economic growth have not deterred the ECB from its series of interest rate increases, which are raising the cost of borrowing for businesses and consumers. 

published on : 31st January 2023

Will Europe's ban on Russian diesel hike global fuel prices?

The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again.

published on : 30th January 2023

Eurozone inflation falls for first time in 17 months

Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit a new historic record every month since November 21.

published on : 30th November 2022

Germany turns to Qatar, strikes major gas deal amid energy crisis

Russia's invasion of Ukraine in February increased pressure on the German government to find new sources. And the latest deal will not help the country get through the looming winter.

published on : 29th November 2022

EU nations struggle to find joint approach on energy prices as Russia chokes off supplies

The energy ministers of the EU's 27 nations could not paper over differences on whether and how to impose a price cap on Russian natural gas, with ever-recalcitrant Hungary refusing to agree.

published on : 10th September 2022

As energy crisis looms over Europe, India, China emerge as Russia's new markets

Russia itself has sharply cut flows of natural gas to the EU, indicating this week that they would not resume unless Western sanctions are lifted.

published on : 7th September 2022

Russian energy giant Gazprom further cuts gas deliveries to France

Warnings from the French government have mounted in recent days about possible difficulties this winter due to energy shortages and galloping inflation.

published on : 30th August 2022

Russia restarts key gas pipeline Nord Stream 1, shut for maintenance to Europe 

Amid growing tensions over Russia's war in Ukraine, German officials had feared that the pipeline was the country's main source of Russian gas.

published on : 21st July 2022