Marta Pacheco
Europe News
EU lawmakers take aim at luxury flights amid energy supply concerns
The call comes as Europe’s aviation sector braces for widespread disruption, with airlines warning of flight cancellations. Against this backdrop, European lawmakers argue that continued unrestricted use of private jets represents a glaring inequity.
Europe Today
Watch: Why the fuel crisis might ground your summer vacation flights?
If you are planning a holiday this year, you might want to check your bank balance and your flight status before you pack. Europeans are entering what is shaping up to be a "Surcharge Summer". What causes this turbulence?
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Europe News
EU to secure jet fuel from the United States amid shortage fears
EU Transport Commissioner Apostolos Tzitzikostas has said there are no indications of jet fuel shortages, but stressed the importance of acting quickly and appropriately. The use of emergency stocks is under consideration "if real supply issues arise".
Europe News
EU downplays jet fuel shortage risks despite IEA warning
EU officials and the International Energy Agency have contrasting narratives over jet fuel supply. While the European commission minimises the risk, it acknowledges that the market remains “tight” and says the EU is prepared to respond appropriately.
Europe News
EU to slash power bills by cutting taxes and grid costs
The Commission's draft proposal to change energy taxation risks being politically sensitive as several EU countries have limited fiscal space. Environmental groups urge Brussels to propose a windfall profit tax to help EU capitals deal with soaring energy prices.
Europe News
Energy prices set to rise as last Gulf Tankers reach Europe
Energy analysts have warned of surging energy prices beyond already elevated levels, as the last vessels carrying oil and natural gas from the Strait of Hormuz before the conflict have reached Europe. Supply forecasts for oil and gas remain optimistic as US deliveries are expected.
Europe News
Magyar keeps door open to Russian energy despite EU phase-out plans
At his first press conference after being elected Prime Minister of Hungary, Péter Magyar said on Monday that the country will continue seeking the cheapest energy sources, including from Russia. His statement appear to clash with earlier pledges to phase out Russian energy imports by 2035.
Europe News
Can Péter Magyar break Hungary’s reliance on Russian oil?
Péter Magyar, the expected future Hungarian prime minister, won the general election in a landslide, unseating outgoing Viktor Orbán after 16 years in power and raising questions about whether Budapest will move away from Russian energy.
Europe News
EU considering excessive profit taxes on oil and gas companies
The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.
Europe News
What impact could an Iran ceasefire have on energy prices?
The announcement of a two-week ceasefire in the Middle East has triggered an immediate drop in oil and natural gas prices, raising hopes for lower energy bills. However, consumers might not see the effects for several months, even though the oil industry has issued some optimistic forecasts.
Europe News
How serious will the jet fuel crisis in Europe become?
Jet fuel prices have increased by 95% since the United States and Israel launched military attacks against Iran on 28 February. Higher fares, fuel surcharges and reductions in capacity or limiting of unprofitable routes will be the new normal, energy analysts warn.
Europe News
Will the Iran war threaten the EU's green transition?
The European Union's climate ambitions could be delayed as the war against Iran is driving energy prices through the roof and raising questions of supply security. EU leaders maintain the conviction that the path to energy independence lies in more clean power and less reliance on fossil fuels.
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