Sunday, June 14, 2026
EU Members Remain Deeply Divided Over 2040 Climate Targets- oil and gas 360

EU members remain deeply divided over 2040 climate targets

(Oil Price)– The EU summit this week is debating how to bridge the divide within the bloc regarding interim 2040 emission-reduction targets as the European Union insists on becoming a net-zero area by 2050. The EU member states remain divided over the proposal of the European Commission to officially endorse setting a 2040 climate target to reduce the EU’s net greenhouse gas

EU envoys expect to resolve block of new Russia sanctions this week- oil and gas 360

EU envoys expect to resolve block of new Russia sanctions this week

(Investing) – BRUSSELS -European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy. The European Commission has proposed the package in an effort to push Russia to negotiate a ceasefire with Ukraine