EurOil - Europe Oil & Gas
How well will the EU’s oil embargo on Russia’s seaborne exports work?
The EU’s oil embargo, contained in the sixth and eighth packages of sanctions, comes into effect on December 5 and is likely to severely disrupt Russia’s oil trade but not stop it.
Germany and Poland sign Schwedt refinery supply deal
ING: Europe faces stiff competition for natural gas
The collapse in European natural gas prices in recent months has created a false sense of security. While the current winter appears to be more manageable, the region will find it more difficult to build adequate storage for the 2023/24 winter.
The EU dependence on Russian energy charted
While the US already banned imports of Russian energy in March and April shortly after the country's invasion of Ukraine, the EU as one of Russia’s crucial trading partners is taking longer to ween itself off Russian gas, oil and coal.
OPEC output drops in November after cut pledged
Eni reportedly eyes takeover of Neptune
Ukraine wants to increase energy co-operation with Poland
Ukraine wants to develop cross-border energy infrastructure with Poland to further increase energy independence from Russia, Ukraine Business News reported on November 30.
PKN Orlen Q3 results boosted by Lotos takeover
Orlen Lithuania posts €26.8mn in Q3 profit, revenue up 32% y/y
TTF remain in lull as EU stalls on gas price cap plan
Oil price cap deal still proves elusive for EU
EU negotiators ended talks on capping Russian oil prices on November 25 without coming to a hoped-for agreement, as Poland and the Baltic States opposed a proposal that they felt would have left Moscow with too much revenue from its crude exports.
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