EconomyAn emergency meeting of European energy officials on soaring diesel prices ended with a pledge to work with the International Energy Agency on collective action to stabilise the market if needed. The response was partly driven by pressure from the United States.
EconomyEU energy chief Dan Jørgensen said Europe does not lack fuel despite soaring energy prices across the continent. But citizens and companies unable to afford it will experience the situation as if fuel were lacking, he said.
EconomyEU Energy Commissioner Dan Jørgensen discusses winter storage, prices and emergency releases, saying there is no single solution to the energy crisis.
EconomyAverage EU diesel prices have reached a record €2.24 per litre, while Energy Commissioner Jorgensen warns that volatility is likely to persist. Spain’s Congress is set to vote on two housing decrees, with support from Sanchez’s coalition uncertain. Bucharest has also warned of new hybrid threats from Russia.
EconomyEurope Today highlights surging EU energy prices and Spain’s housing decrees as they head toward a vote in Congress.
EconomyDan Burns outlines how diesel at unprecedented levels may make groceries, delivery services and other purchases costlier, adding strain to inflation.
Reuters
EconomySupply disruptions have pushed the EU’s average diesel pump price to a new record of €2.24 per litre. Twelve EU countries recorded fresh highs.
EconomyHigh energy prices and military escalation at energy facilities in the Middle East have prompted Greek Prime Minister Kyriakos Mitsotakis to seek greater fiscal flexibility from Brussels. Greece has the highest debt among EU countries and is due to hold elections in 2027.
EconomyInflation rose much faster than expected this month in some of the euro zone’s largest economies, driven by an energy-price shock linked to the Iran war. The increase is adding pressure on the European Central Bank to raise interest rates again.
Reuters
EconomyA briefing is under way with energy ministers representing the EU, Norway, Switzerland, Britain and Ukraine. It follows informal exchanges about making energy affordable and ensuring its security.
Reuters
EconomyEnergy ministers from EU countries, joined by Norway, Switzerland, Britain and Ukraine, brief reporters after informal talks centered on energy affordability and security.
Reuters
ScienceMore than half of the EU’s electricity now comes from renewable sources, but major differences remain between countries. The report examines whether Europe’s renewable energy expansion is losing momentum.
EconomyFuel prices across the European Union have reached record highs as fallout from the war in Ukraine drives energy costs upward, putting added strain on households and workers. Drivers in Brussels say expensive diesel is making everyday travel harder, while trade unions are protesting outside EU headquarters and demanding stronger worker protections amid the rising cost of living.
EconomyEU governments are resisting a Brussels effort to reshape electricity network costs, watering down plans for coordinated tariffs as disputes over the bloc’s costly, congested power grids become increasingly political.
EconomyMore than half of the EU’s electricity generation came from renewable sources in the second quarter of 2026, according to new data. Yet renewables declined year on year despite a major expansion in solar power, raising questions about the diversity of the bloc’s electricity mix.
EconomyThe global oil crisis pushed petrol and diesel prices above €2.4 and €2.5 per litre respectively. Adjusting the figures for the cost of living offers a clearer picture of which countries are feeling the greatest financial pressure.
EconomyA report says higher fuel bills are costing the EU an average of €270 million per day, with diesel responsible for most of the additional road-fuel expense. T&E estimates that EU diesel drivers paid €142 more during the period studied, while a German long-haul truck incurred an extra €236 a week.
EconomyFacing pressure to support businesses and workers hit by soaring fuel prices, the French government says it will expand targeted energy relief for those most affected. The new measures will cost €450 million, taking the total so far to €1.4 billion. President Emmanuel Macron is also calling for more biofuels to be added to diesel, prompting questions about the environmental impact of a rapid expansion.
EconomyRecord energy prices and fuel shortages in France are presented as a warning to the rest of Europe. The report examines the global supply squeeze behind the figures and what Europe could do in response.
EconomyTaxes account for close to half of European motorists’ petrol bills. The comparison identifies the 10 member states with the heaviest tax burden on petrol.
PoliticsFrench President Emmanuel Macron has urged European Commission President Ursula von der Leyen to take immediate steps to bring down energy prices. They have risen as the Middle East conflict spreads and Ukraine continues attacks on Russian diesel refineries.
EconomyThe French government is holding urgent talks to find ways to contain rapidly rising fuel prices. Diesel has reached record levels as the war in Iran disrupts Middle East crude shipments, while growing public anger and strained finances leave Paris with limited options.
EconomyWith fuel prices continuing to climb, more French drivers are switching to bioethanol. The fuel is cheaper to produce and currently costs about 95 cents per litre.
EconomyEurope avoided a gas crunch after Russia’s invasion of Ukraine by increasing LNG imports. But storage levels are now well below normal, prices are rising and shipments through the Strait of Hormuz are disrupted, raising questions about another winter energy shock.