Tag Archives: European Union (EU)

The European Council and the European Parliament have agreed on a provisional deal to phase out Russian natural gas imports by 2027. “The regulation introduces a legally binding, stepwise prohibition on both liquefied natural gas (LNG) and pipeline gas imports from Russia, with a full ban from the end of …

Germany will plead with the EU to allow plug-in hybrids and highly efficient conventional cars to be sold in the bloc even after the effective ban on gasoline and diesel passenger cars in 2035, Chancellor Friedrich Merz said on Friday as the government looks to prop up its massive but …

The European Union is considering buying direct stakes in critical minerals projects in Australia as a way to secure supply, Maros Sefcovic, European Commissioner for Trade and Economic Security, said on Friday. Sefcovic, who is on a visit to Australia and meeting with top officials, discussed on Thursday EU-Australia cooperation …

The EU plans to impose sanctions on three companies that have provided false flags to tankers of the Russian shadow fleet, Bloomberg reported on Tuesday, citing documents it has reviewed. The companies have provided false flags of Aruba, Curacao, and Sint-Maarten to at least eight tankers sanctioned by the EU, …

The penalties proposed in the European Union’s climate and social responsibility legislation would be bone-crushing to any company, ExxonMobil’s chief executive Darren Woods told Bloomberg. The EU’s planned Corporate Sustainability Due Diligence Directive, which is designed to prevent adverse human rights and environmental impacts across a company’s value chains, has …

The EU is weighing options to impose fresh sanctions on Russia’s oil industry and exports by sanctioning major energy firms and erecting more barriers to Russian oil trade, sources with knowledge of the plans told Bloomberg on Monday. EU officials are set to travel to Washington this week to discuss …

Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual purchases under a new transatlantic trade framework. The move includes LNG, oil, and nuclear energy and was announced in Brussels …

The global diesel market is entering a new phase of structural tightening, with fresh EU sanctions targeting refined fuels from Russian crude force a realignment of trade flows across Asia, the Middle East, and Europe. Under measures confirmed on Monday by EU officials, imports of diesel and gasoil processed in …

The United States and European Union officially reached a tariff agreement on Sunday, averting a potentially crippling transatlantic trade war. Following months of contentious negotiations, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump’s Turnberry golf resort in Scotland. The announcement sent …

Oil prices continued to move higher on Friday morning in Asia, supported by renewed optimism surrounding U.S.-EU trade negotiations and expectations that Russia will restrict gasoline exports. Even reports of Chevron’s return to Venezuela, which analysts estimate could add around 200,000 barrels per day to global supply, have been unable …