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US, China Reach Deal to Ease Export Curbs, Keep Tariff Truce Alive

US, China Reach Deal to Ease Export Curbs, Keep Tariff Truce Alive

Τετ, 11 Ιουνίου 2025 - 10:18

U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions

Srbijagas Cons Net Profit Drops 28% in 2024

Srbijagas' Cons Net Profit Drops 28% in 2024

Τετ, 11 Ιουνίου 2025 - 10:00

Serbian state-owned gas monopoly Srbijagas said its consolidated net profit declined to 9.38 billion dinars ($87.7 million/76.8 million euro) last year from 12.96 billion dinars in 2023

Chinas EV Makers Turn on BYD as Price War Escalates

China's EV Makers Turn on BYD as Price War Escalates

Τρι, 10 Ιουνίου 2025 - 07:00

Fierce competition among China's leading EV makers has intensified, with a long-running dispute between BYD and Great Wall Motor over emissions compliance escalating after Geely joined in to criticise BYD's aggressive price cuts.

BofA Sees Saudis Embarking on Long But Shallow Oil-Price War

BofA Sees Saudis Embarking on Long But Shallow Oil-Price War

Τρι, 10 Ιουνίου 2025 - 07:00

OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said.

TotalEnergies Promotion of Natural Gas Under Fire in Greenwashing Trial

TotalEnergies Promotion of Natural Gas Under Fire in Greenwashing Trial

Σαβ, 7 Ιουνίου 2025 - 14:58

TotalEnergies defended its strategy of labelling natural gas as a transition fuel in promotional material as part of its rebranding, in a landmark trial over the claim that the French oil and gas group had overstated its climate commitments and misled consumers

Britain Facing Race to Avoid $1 Billion in EU Carbon Tax Costs

Britain Facing Race to Avoid $1 Billion in EU Carbon Tax Costs

Παρ, 6 Ιουνίου 2025 - 07:56

Britain will struggle to link its carbon market to the EU's in just seven months, to avoid UK companies facing the bloc's carbon border tariff and annual bills around 800 million pounds ($1.08 billion) from next year, market experts have said

Gerapetritis: “Greece is A Major Energy Hub”

Gerapetritis: “Greece is A Major Energy Hub”

Πεμ, 5 Ιουνίου 2025 - 07:38

“Greece, through targeted and coordinated efforts in recent years, has become a major energy hub, contributing decisively to national and European energy diversification and security,” Foreign Minister George Gerapetritis emphasized, speaking at an event of the Association of Retired Greek Diplomats entitled “Energy and the Southeast Mediterranean”

Eurelectric: Electrification Key to Boost Industrial Competitiveness, New Study Shows

Eurelectric: Electrification Key to Boost Industrial Competitiveness, New Study Shows

Τρι, 3 Ιουνίου 2025 - 17:13

Electrification can help restore competitiveness, cut fossil fuel dependence and unlock economic benefits for European industry, according to a new study commissioned by Eurelectric. While electricity already outcompetes fossil fuels in some sectors, electrifying energy-intensive operations could become cost-competitive by 2030 – with the help of financial support, long-term contracts, and expanded Carbon Contracts for Difference (CCfDs)