EU – Oil & Gas 360

Three years into war, US and Europe keep billions in trade with Russia

August 6, 2025

(BOE Report)– Three years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine, the United States and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium. India this week lashed out at what it called Western double standards, after facing renewed threats from U.S. President Donald

EU considers pooling demand from companies to buy more US gas

July 31, 2025

(BOE Report)– The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases

EU’s $750 billion energy deal with U.S. will be hard to attain, experts say

July 28, 2025

(World Oil)– The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep. The deal would require annual purchases of $250 billion of natural gas, oil and nuclear technology, including small modular reactors, according to EU

Oil prices climb after the EU imposes new sanctions on Russia

July 18, 2025

(Oil Price)– Oil prices moved higher on Friday morning after the EU agreed to an 18th package of sanctions against Russia, but the effectiveness of the sanctions is yet to be seen. Oil prices rose on Friday after the EU adopted its 18th sanctions package against Russia, lowering the price cap, targeting Russian oil trade, and closing a loophole that has

EU will need $280 billion investment to boost nuclear energy

June 13, 2025

(Oil Price) – The plans of many EU countries to boost nuclear power capacities will need an investment of as much as $278 billion (241 billion euros), according to estimates by the European Commission. Many EU countries have drafted plans to increase nuclear power capacity or even return to nuclear energy after decades of no nuclear generation, as they look to

EU explores tweaking methane rules for US gas to help trade talks, sources say

April 21, 2025

(BOE Report) – The European Union is looking at ways to make it easier for U.S. gas exports to comply with its methane emissions rules, as the bloc attempts to avert a trade war with U.S. President Donald Trump, three sources familiar with the matter told Reuters. The European Commission is working on its offer for trade negotiations with the

EU plans countermeasures to new US tariffs, says EU chief

April 3, 2025

(BOE Report) – European Commission President Ursula von der Leyen described U.S. President Donald Trump’s universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed. Von der Leyen said the EU was already finalising a first package of tariffs on up to 26 billion

Natural gas prices slip from record levels; Alaska pipeline eyed

March 6, 2025

(Investing) – U.S. natural gas prices fell Thursday, dropping from record levels as spring conditions approach and amid talk of a hefty increase in U.S. supply. At 09:30 ET (14:30 GMT), natural gas prices fell 1.8% to $4.368 per million British thermal units, or MMBtu, after earlier this week climbing to its highest levels since December 2022. Prices have been at record levels

EU seeks more US gas, renewable energy to replace Russian supplies

February 21, 2025

(BOE Report) – The European Union will seek more gas from countries including the U.S. to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU’s energy commissioner has said. The EU has pledged to quit Russian fossil fuels by 2027 in response to Moscow’s 2022 invasion of Ukraine. While Russian pipeline

EU considers temporary cap on natural gas prices

February 12, 2025

(Oil Price) – European Union officials are considering the potential introduction of a cap on natural gas prices as part of discussions on a clean industrial deal policy to boost Europe’s industry. Europe is losing competitiveness due to the European gas prices which are up to four times higher than those in the United States. A cap on prices is

Most countries miss UN deadline for new climate targets

February 10, 2025

(Investing) – BRUSSELS – Many of the world’s biggest polluter nations have missed a U.N. deadline to set new climate targets as efforts to curb global warming come under pressure following U.S. President Donald Trump’s election. The nearly 200 countries signed up to the Paris Agreement faced a Monday deadline to submit new national climate plans to the U.N., setting out

EU hits 95% full natural gas storage ahead of winter

October 21, 2024

(Oil Price) – The EU’s natural gas storage is already at 95% full, data from Gas Infrastructure Europe show, after the bloc reached in August its target to have 90% full storage well ahead of its self-imposed binding deadline, November 1. In the middle of August, the EU reached its target of filling gas storage facilities to 90% of capacity 10 weeks ahead of

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