Each barrel of crude that the Kremlin sells is already clearly above the set threshold, but the U.S. and the other non-EU members of the G7 — Canada, Japan and the United Kingdom — are refusing to introduce changes
The British expert criticizes the West’s complaints about China’s investments in Africa and Latin America when the former doesn’t do anything to build hospitals and schools there
Water scarcity, accentuated by climate change, is being felt in the fields of one of the wettest countries in Europe
The EU has placed a large part of its hopes for decarbonization and strategic energy independence on wind farms. Of all member states, Denmark is in the lead: by 2030, the Scandinavian country’s energy production from wind turbines will exceed national demand
Brazil’s sales grow by a third, Mexico’s increase almost 50% and Colombia quadruples its shipments. Venezuela, Ecuador and Trinidad and Tobago went from not selling any last year to reaching the Spanish market
Electricity generation through solar, wind and water exceeded total demand in mainland Spain on Tuesday, a pattern that will be repeated more and more in the future
The US economist criticizes the loosening of regulations under Trump and discusses the risk that central banks will go too far with rate hikes
The shutdown of the remaining German reactors coincides with the startup of a new reactor on the Finnish coast
Green energy companies in the South American country are demanding changes to current laws and improvements to the electrical distribution systems. This is so that they can receive correct remuneration, while ensuring that megawatts are not wasted
Studies point to 2030 at the latest for a decline in demand for gasoline and diesel as electric vehicles continue to make inroads. Almost one in three new cars in China and one in four in Europe are already plug-in hybrids
Moscow is exploring all possible ways to survive European and American reprisals for the invasion of Ukraine
Since 2020, the global economy has been facing major shifts and challenges: unexpectedly high inflation, abrupt rate hikes, de-globalization and the energetic transition
Exxon, Chevron, Shell, BP and TotalEnergies made a combined net income of nearly $200 billion. The year of the Ukraine war was their best year in history
The United States is home to 16 of the 20 largest public businesses by market capitalization, one more than last year
The business magnate’s net value dropped significantly due to Tesla’s stock crash, while other tech chiefs also saw major losses, according to the Bloomberg Billionaires Index
The UK, Italy and Greece were the first to announce a specific levy on power giants, while Spain and Belgium recently proposed similar plans
The state-owned firm is making the most of the international isolation imposed on its direct competitor, Russia, and raising production gradually
The move will see the price of crude rise, in particular if the European Union follows suit. Seeking supply alternatives is currently a priority
Inflation is compounding the income gap in the country, with millions of workers struggling with the loss of purchasing power
Madrid says doing so would send the wrong signals to the financial markets as Europe works to achieve net-zero greenhouse gas emissions by 2050
Renewable sources already cover almost half of the country’s consumption needs – so far this year, they have contributed almost 47% of the total compared to less than 30% a decade ago
With diesel prices spiking, the sector is calling for urgent action from the government, which it accuses of ‘neglect’
The health crisis has affected households with lower incomes worse than others, and has increased the already-existing gap in Spanish society
Experts, however, strongly reject concerns that there will be power outages this winter caused by Algeria’s closure of the Maghreb-Europe Pipeline
With winter around the corner and the price of energy skyrocketing, Madrid has sent a minister to Algiers to seek assurances that supply will be guaranteed
A new report forecasts growth of 5% in 2021 and 4% in 2022, not enough to make up for this year’s historic contraction of 11.6%
The head of the international organization is worried about the effects of the coronavirus pandemic on developing economies, which lack the recovery tools of developed countries