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Opinion: Germany in intensive care – a danger for all of Europe

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Business

SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal

Azerbaijan's SOCAR signed a long-term deal with TotalEnergies, ADNOC's investment arm XRG and Turkey's BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years.

Europe News

EU Commission answers Italy's call for energy cost relief measures

The measures indirectly address Italy's request that the Commission relax its fiscal rules to allow member states to tackle rising energy prices without incurring excessive debt and risking penalties.

Azerbaijan

Southern energy corridors set to dominate Europe supplies, leaders say

The rapid reshape of global energy supply routes and markets is a key focus at the Baku Energy Week 2026.

Belgium

EU Commission set to slam Italy's fuel duty cuts amid energy crisis

The EU Commission is set to criticise the Italian government's reduction in excise duties on fuels in a report to be published on Wednesday. Rome has been asking for more fiscal flexibility to address the energy crisis, which Brussels deems should be directed at vulnerable families and industries.

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Economy

ECB rate hike in focus as Eurozone's 'Big Four' post high inflation

Inflation picked up across the EU’s largest economies in May, driven by higher energy prices, fuelling expectations that the ECB will raise interest rates at its June meeting.

Business

Chevron enters Greek offshore project as Europe seeks energy security

Chevron has applied to join a Greek offshore exploration area known as Block 10 in the Ionian Sea, in a move that could strengthen Greece's role in Eastern Mediterranean energy security.

The Europe Conversation

‘Electrification is key to save Europe’s industry,’ IEA tells Euronews

The International Energy Agency's chief Fatih Birol told Euronews that the EU should embrace the 'age of electricity' to boost industrial competitiveness.

Europe Today

Birol warns Europe easing Russia sanctions would be a 'major mistake'

IEA chief says “knocking on Russia’s door” would be a repeat of past mistakes, even as the EU is rattled by a price shock stemming from the Strait of Hormuz shutdown. Agency warns of "biggest energy security crisis ever".

Europe Today

IEA warns of biggest energy security crisis in modern history

The International Energy Agency is warning the world is “facing the biggest energy security crisis in modern history” as the shutdown in the Strait of Hormuz continues to rattle the global energy market. We have an exclusive interview with IEA's executive director, Fatih Birol.

Europe News

Meloni bashes Brussels for financial flexibility amid energy crunch

Italian Prime Minister Giorgia Meloni has begun pressing in Brussels for greater fiscal flexibility to curb rising energy costs. With general elections scheduled for 2027, a surge in energy prices could undermine public support for her government.

Europe News

MEPs accuse EU of copy-pasting Microsoft lobbying into data centre law

At the core of the dispute is a European Commission rule on data centre ratings, which EU lawmakers say would significantly restrict public access to information about the environmental performance of individual facilities.

Business

BP sacks chairman Manifold in fresh blow to troubled energy giant

Albert Manifold is the third senior BP leader to exit under a cloud in three years, as the British energy giant's boardroom turmoil shows no sign of abating.

Business

Egypt to ship Cypriot gas to Europe in QatarEnergy deal

QatarEnergy and ExxonMobil have signed a deal with Egypt to pipe Cypriot offshore gas to Egyptian liquefaction facilities for export to Europe — the latest sign that Egypt is becoming the Eastern Mediterranean's dominant energy hub.

Business

German business confidence rises despite Iran war energy shock

German business confidence rose unexpectedly in May, breaking a run of declines linked to the Iran war and offering cautious optimism that Europe's largest economy is proving more resilient than initially feared.

Europe News

EU weighs limited fiscal flexibility on energy after Meloni push

EU weighs fiscal flexibility measures to tackle the Strait of Hormuz energy crisis after Meloni push, but warns of limits of expansionary policy

Europe Today

EU ‘should not’ look to Russia for energy relief, Dombrovskis says

Exclusive: European Commissioner for the Economy Valdis Dombrovskis said Russia is milking the crisis in the Middle East for energy profits – and the EU will not ease on its sanction regime for cheaper oil or gas flows.

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