Marta Pacheco
Europe News
Exclusive: G7’s 100-million-barrel pledge tied to March oil release
The October G7 announcement aims to accelerate and complete the IEA’s March emergency oil-stock release, rather than add a new 100-million-barrel pledge to the original 400 million, according to a document seen by Euronews.
Europe News
Von der Leyen takes on Europe’s refineries amid energy crunch
Europe wants to reduce its dependence on fossil fuels, but while it still relies heavily on oil — particularly diesel — reducing the infrastructure that processes that oil has increased vulnerability during the green transition.
Europe News
Meloni asks Brussels for fiscal leeway as energy shock squeezes Italy
Italian prime Minister Giorgia Meloni is urging the European Commission again to relax the EU's fiscal rules, saying that higher inflation due to soaring energy prices is squeezing households and businesses, according to a letter seen by Euronews.
Europe News
EU holds crisis meeting as US pressure mounts to release emergency oil
EU countries and the European Commission are holding talks on Friday that could pave the way for a new emergency oil reserves release, as pressure from Washington mounts. Energy Commissioner Dan Jørgensen told Euronews a fresh emergency release is "a possibility".
Europe News
Greece urges EU to loosen fiscal rules as energy crisis deepens
High energy prices and military escalation at energy facilities in the Middle East prompted Greek Prime Minister Kyriakos Mitsotakis to ask Brussels for greater fiscal flexibility. Greece has the largest debt among EU countries and is heading to polls in 2027.
Europe News
No energy shortages, but a painful winter looms for Europe
Europe needs to protect consumers from another energy price shock while making fossil fuels less central to the economy. Emergency measures can soften the immediate blow, but Brussels is warning governments not to let short-term subsidies or tax decisions undermine the green transition.
Europe News
EU tells capitals to cut gas demand amid rising supply concerns
Although the EU is not facing immediate gas shortages, Energy Commissioner Jørgensen warned capitals that soaring prices driven by rising global demand could lead to shortages as winter approaches, according to a letter seen by Euronews.