Tag: gas

European Commission Eyes Emergency Tax on Oil Giants

Finance ministers from five major EU economies have issued a joint ultimatum to Brussels, demanding a ‛contribution instrument’ to redistribute the record profits currently being harvested from consumers.

EU Advocates Fresh Sanctions on Russia’s Energy Income

The European Commission has proposed a new package of sanctions designed to significantly reduce Russian oil and gas revenues—with the stated aim of weakening war financing and further isolating Russia economically.

Hungary Signs Gas Deal With Chevron

Despite new supply agreements with U.S. and European firms, Russian gas is set to remain Hungary’s key energy source in the months and years ahead.