EurOil - Europe Oil & Gas

4 December 2022

How well will the EU’s oil embargo on Russia’s seaborne exports work?

3 December 2022

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.

ING: Europe faces stiff competition for natural gas

2 December 2022

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

2 December 2022

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.

Ukraine wants to increase energy co-operation with Poland

30 November 2022

Ukraine wants to develop cross-border energy infrastructure with Poland to further increase energy independence from Russia, Ukraine Business News reported on November 30.

Oil price cap deal still proves elusive for EU

29 November 2022

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.