Tag Archives: European Union (EU)

EU Welcomes Oil Transfer from Decaying Ship in Red Sea

The EU on Saturday welcomed the completion of oil transfer from the decaying ship FSO Safer in the Red Sea waters off the Yemeni coast. “The successful transfer of the estimated 1.14 million barrels of light crude oil is key to averting an imminent environmental disaster in Yemen and the …

Read More »

IEA: Major Uncertainties Remain for EU Gas Market

The European gas market still faced “major uncertainties” ahead of winter and a full halt to Russian gas flows could reignite tension, said the International Energy Agency (IEA). “Fierce competition for gas supplies could also emerge if northeast Asia experiences colder than usual weather and economic growth is stronger than …

Read More »