After Croatia adopted the euro suddenly prices hiked by up to 50 percent and rising energy costs

 

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Spain to ask EU to extend 'Iberian mechanism' gas price cap until end of 2024

Spain said on Monday it will ask the EU for permission to extend its temporary natural gas price cap until at least the end of 2024.

Fuel Prices in Italy Surge Dramatically As Tax Discount Expires

Gasoline and diesel prices in Italy have skyrocketed after a rebate on fuel-related excise levies expired.

Greek Citizens Concerned About High Energy Prices, Blame EU Policies

Greek citizens living on the island of Crete are concerned over high energy prices while also blaming the European Union for mismanaging its energy policy, leading, in their opinion, to the current situation, according to the people surveyed by Sputnik.

Oil price expected between $70 and $100 per barrel in 2023, says Novak

The current price of Brent oil reflects the real situation on the oil market, Russian Deputy Prime Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday, adding that next year it might total from $70 to $100 per barrel, with separate surges possible.

Russia does not plan to supply oil under price cap, even if it is profitable — Novak

Russia will not supply oil to countries under the terms of the price cap, even if it would be more profitable, Russian Deputy Prime Minister Alexander Novak said at the 4th Russian-Chinese Energy Business Forum.

West’s price cap on Russian oil to wreak havoc on global market, Chinese expert warns

A price cap on Russian oil will wreak havoc on the global market, said Li Haidong, a professor from the Institute of International Relations at the China Foreign Affairs University in Beijing, according to the Global Times newspaper.

Consumer protection organization urges Germans not to pay electricity bills

A German consumer protection organization Friday called on people not to pay their electricity bills if companies continue to charge inflated prices.

French Energy Minister Sees Economy at Risk Due to Rising Gas Prices

The Energy Minister of France, Agnes Pannier-Runacher, says the country may never regain some of its markets due to the skyrocketing gas prices and the unfavorable conditions they create for European production.

Gas price in Europe down below $1,050 per 1,000 cubic meters first since June

The price of gas in Europe went down below $1,050 per 1,000 cubic meters during Monday trading for the first time since June 14, according to data provided by London’s ICE.

EU fails to agree on cap on gas prices after 11 hour summit

European Union leaders have failed to reach an agreement on a plan to help protect their citizens from surging energy prices, despite hours of wrangling at a summit in Brussels.

Protests Erupt across Europe amid Rising Cost of Living

 Protests over soaring energy, food, and fuel prices have broken out across Europe.

Biden to release 15 mln barrels of US oil from reserves, says official

 President Joe Biden will announce Wednesday he's putting the final 15 million barrels on the market from a record release of US strategic oil reserves, with more releases possible if energy prices spike, a senior US official said.

EU To Present Package Of Proposals To Tackle Skyrocketing Energy Prices On October 18 - UrduPoint

The European Commission is working on a package of proposals to be presented on October 18, aimed at combating soaring energy prices, European Commissioner for Energy Kadri Simson said.

EU ministers discuss joint gas purchases, electricity market reform - China.org.cn

European Union (EU) energy ministers held an informal meeting on Wednesday to discuss solutions for high gas prices, preparing for the energy situation this winter, and a possible revision of the electricity market.

US reviewing 'response options' on Saudi relations after OPEC+ cuts

The United States is "reviewing a number of response options" with regard to its relationship with Saudi Arabia after Riyadh and other OPEC+ nations agreed this week to large cuts in oil production, Secretary of State Antony Blinken said on Thursday.

Thousands of German Stores on Brink of Closure - Tasnim News Agency

Over 15,000 German stores are facing bankruptcy due to soaring energy costs, according to the German Retail Association (HDE).

Nord Stream gas leaks can exacerbate price volatility on energy markets in Europe, world: UN

The UN warned Friday that damage to the Nord Stream pipelines under the Baltic Sea can exacerbate price volatility in energy markets in Europe and around the world.

IEA Head Says Energy Crisis Risks Destroying European Unity Ahead of Looming Winter

The scramble for energy resources between the EU countries this winter could destroy European unity and trigger social unrest, the Financial Times newspaper reported on Friday, citing International Energy Agency (IEA) Head Fatih Birol.

More than 30,000 Attend Protests against Rising Prices in Austria - Tasnim News Agency

More than 30,000 people took part in protests against rising prices in Austria, including about 20,000 people who took to the streets in Vienna, the organizers of the protest, representatives of the national federation of trade unions, said at the rally.