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Egypt
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Politics
6/25/2024 2:45:00 PM
The cabinet said it reviewed on Tuesday the measures immediately implemented to alleviate the nationwide power cuts and fully address the crisis.
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Business
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Energy
7/11/2023 9:45:57 PM
A multi-billion dollar agreement signed with France's TotalEnergies could help resolve Iraq's longstanding electricity crisis, attract international investors and reduce its reliance on gas imports from neighboring Iran, a point of tension with Washington.
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Business
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Energy
6/14/2023 11:59:17 AM
Global oil demand could peak before the end of this decade as the energy crisis has accelerated the transition to cleaner technologies, the International Energy Agency said Wednesday.
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Business
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Markets & Companies
2/7/2023 10:38:55 AM
British energy company BP reported record annual earnings on Tuesday amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.
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Business
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Economy
1/30/2023 1:50:13 PM
Germany's economy unexpectedly shrank at the end of 2022 due to the fallout from the war in Ukraine, official data showed Monday, even as hopes grow an energy crisis is easing.
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Business
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Economy
1/26/2023 3:14:45 PM
Uzbekistan will import natural gas from Russia for the first time ever as the Central Asian country faces an energy crisis, authorities said Thursday.
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World
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Region
1/22/2023 11:26:23 AM
Italian Premier Giorgia Meloni is looking to boost already strong energy ties with Algeria to further wean Italy off Russian energy, a focus of her two-day visit to the North African nation starting on Sunday.
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Business
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Energy
1/19/2023 10:41:21 PM
Plunging wholesale gas prices have sparked speculation of an end to Europe's energy crisis -- but consumers' electricity and gas bills remain sky high, fuelling runaway inflation.
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World
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War in Ukraine
1/5/2023 8:16:10 PM
The U.S. will provide $30 million in aid to Moldova to help the small country tackle an energy crisis and other economic hardships “caused by the Kremlin’s unprovoked and unjustified war” against Ukraine, a U.S. government aid agency said Thursday.
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Business
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Economy
12/15/2022 2:58:46 PM
Winter is closing in but the sound of chainsaws still reverberates on the forest-covered slopes of the mountains in northern Bulgaria, while horses stand ready to transport the freshly cut wood down the steep paths.
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Business
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Energy
12/6/2022 9:04:00 AM
The energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to meet ambitious targets against global warming, the International Energy Agency said Tuesday.
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Business
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Economy
12/4/2022 3:53:46 PM
Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week.
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World
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War in Ukraine
11/24/2022 7:11:10 PM
Russian President Vladimir Putin warned Thursday that Western plans to introduce oil price caps could have "grave consequences" for energy markets, speaking during a telephone conversation with Iraq's prime minister.
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World
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War in Ukraine
11/24/2022 5:27:09 PM
On winter's doorstep, European Union nations have not been able to surmount bitter disagreements as they struggle to effectively shield 450 million citizens from massive increases in their natural gas bills as cold weather sets in.
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World
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War in Ukraine
11/23/2022 10:29:39 PM
France and Spain on Wednesday lambasted the European Commission's proposed price cap on wholesale natural gas, set so high that critics have questioned if it would ever be used.
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Business
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Energy
11/22/2022 4:23:11 PM
Italy's new far-right government unveiled its first budget on Tuesday, with most of the nearly 35 billion euros in spending for 2023 going on the energy crisis rather than flashy electoral promises.
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Business
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Economy
11/22/2022 4:22:15 PM
British state borrowing jumped last month on fallout from costly energy support and soaring inflation, official data showed Tuesday.
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Business
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Energy
11/22/2022 2:35:37 PM
Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe's biggest economy facing "great economic uncertainty", Finance Minister Christian Lindner said Tuesday.
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World
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War in Ukraine
11/22/2022 12:51:30 PM
Rolling blackouts across Ukraine may continue through March, according to one of the country's energy chiefs, as Ukrainians brace for a grim winter after weeks of relentless Russian strikes against its power grid.
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World
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International
11/11/2022 5:54:22 PM
The European Union's executive commission slashed its forecast for economic growth next year, saying the 19 countries that use the euro currency will slide into recession over the winter as peak inflation hangs on for longer than expected and high fuel and heating costs erode consumer purchasing power.
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