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energy

The European Central Bank brings interest rates to zero, with larger than expected move

The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in...

EU targets clean power, LNG in plan to slash Russia dependence

The European Union is set to unveil a raft of measures ranging from boosting renewables and LNG imports to lowering energy demand in its...

Russia warns oil price will hit $300 if West bans energy imports

Russia has threatened to close a major gas pipeline to Germany and warned that Western countries could face oil prices of over $300 per...

EC approves Romania’s €2.7bln restructuring plan for CE Oltenia

The European Commission (EC) said on Wednesday it has approved Romania's plan to grant up to €2.66bln in restructuring aid to energy company Complexul...

Romanian government endorses new and improved ‘cap and subsidy’ scheme for energy prices

The Romanian government approved on Tuesday the revised 'cap and subsidy' scheme for residential and industrial energy consumers to be enforced from February 1...

Romanian minister says EU funds to drive green energy surge

European Union support schemes will drive a surge in renewable energy projects in Romania to replace outdated coal-fired power plants and help the country...

Gas prices surge in Europe over tight Russian supplies

European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads...

Republic of Moldova asks Romania to store gas as winter reserve

Republic of Moldova’s vice-Prime Minister, Andrei Spinu called on the Romanian authorities during his visit on Thursday and Friday to Bucharest, to store gas...

EU leaders quit without compromise on energy price hikes

The EU leaders' summit ended on Thursday with a failure to agree on common language on energy issues, forcing the topic to be dropped...

EU to propose joint gas buying in response to high energy prices

The European Commission will propose a system for EU countries to jointly procure gas to form strategic reserves of the fuel, a measure drawn...