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EU considers freezing Russian oil price cap in 21st sanctions talks

European Union member states are unlikely to agree on a full ban on Russian oil imports or on prohibiting maritime services tied to Russian...

Europe: EU Parliament Committees endorse full ban on Russian gas and oil imports from 2026

The European Parliament’s Committees on Industry and Energy, and on International Trade, have supported a draft law that introduces a complete ban on the...

Europe: EU stands firm on plan to end Russian oil imports by 2028 despite opposition

US President Donald Trump has urged European leaders to stop buying Russian oil as part of efforts to end the war in Ukraine. Energy...

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Europe: Brent prices recover on Middle East developments as gas and CO2 markets stay steady

Front-month Brent crude oil futures on the ICE market recorded a weekly low settlement price of $99.25/bbl on Tuesday, September 22, following five consecutive...

Europe: Power prices climb across major markets amid lower wind generation

Weekly average electricity prices increased across most major European electricity markets during the fourth week of September, with Italy the only market to record...

Europe: Electricity demand declines across major markets amid cooler temperatures

Electricity demand declined across most major European power markets during the week of September 21 compared with the previous week. Italy recorded the largest...

Europe: Solar output rises as wind generation falls across major power markets

Solar photovoltaic generation increased across most of Europe’s major electricity markets during the week of September 21 compared with the previous week. Germany recorded...

Serbia’s day-ahead power prices surge as Southeast European markets diverge

Day-ahead electricity prices in Serbia rose by €47.20/MWh to €150.18/MWh for October 1, as Hungary, Romania and northern Balkan markets recorded significant increases, while...