Brussels admits it does not know how much fuel Europe holds
European Commission President Ursula von der Leyen has said the conflict was costing the EU nearly €500 million a day in higher energy costs.
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Popular articles tagged "oil and gas reserves"
Sharp rise in fuel prices forces Germany to release oil reserves
Germany has authorised the partial release of its national oil reserves to mitigate the sharp rise in oil and fuel prices triggered by the ongoing conflict in Iran,…
BP reports largest oil and gas discovery in 25 years off Brazilian coast
British company BP has discovered a giant oil and gas reservoir via deep-sea drilling off the coast of Brazil.
Poland strikes oil in the Baltic with biggest find in its history
A Canadian company exploring potential energy deposits off Poland’s Baltic coast has announced the largest oil discovery in Polish history together with billions…
Russian exploration vessels ‘discover the world’s largest oil reserves’ in Antarctica
Reports from Russian exploration vessels suggest vast amounts of oil and gas have been discovered in Antarctica, partly in areas claimed by the UK and Argentina.
Austria confirms its largest domestic gas discovery in decades
Austrian oil and gas company OMV said it has made the biggest gas discovery in Austria in the past 40 years and now expects its natural gas production to increase…