Poland readopts 60% fuel windfall tax to finance 4 billion PLN subsidy plan
The Polish cabinet approved a 60% windfall tax on fuel producers from March to December 2026, urging President Karol Nawrocki to sign the bill after his July tribunal referral.
Saudi Arabia halts East-West pipeline after drone hit, lifting Brent past $107
The shutdown of the 1,200-kilometer conduit removes a key bypass around the Strait of Hormuz, stranding up to 4 million barrels per day as European and Asian refiners scramble for crude.
Saudi pipeline shutdown and postponed Oman talks push oil past $107
Brent crude rose to $107.54 per barrel on Monday following drone strikes on Saudi Arabia's East-West pipeline and the cancellation of a Gulf foreign ministers meeting in Salalah.
Oil rises past $107 a barrel after drone strike shuts Saudi East-West pipeline
Brent crude climbed past $107 per barrel on 14 September 2026 following drone attacks that shut Saudi Arabia's East-West pipeline, threatening up to 4% of global oil supplies.
Middle East shipping attacks and oil deficit trigger ECB rate hike to 2.5%
Escalating maritime clashes in the Strait of Hormuz and Bab el-Mandeb have lifted Brent crude above $104 per barrel, prompting the ECB to raise interest rates to 2.50%.
French fuel prices reach records above 2.12 euros as government rejects broad tax cuts
Average petrol prices in France reached 2.124 euros per litre on Wednesday, prompting the Ministry of Economy to rule out blanket tax reductions in favour of targeted support.
Portugal extends 10-cent agricultural diesel discount and adds €13 million for fisheries
The Council of Ministers approved more than €15 million to prolong the fuel discount through 31 December, alongside targeted support for fishing fleets and social institutions.
Germany Spent €50.4 Billion on Energy Crisis Relief Following Russian Gas Cuts
A Finance Ministry disclosure shows Germany spent 50.4 billion euros across 27 subsidy programs to shield consumers and companies after Russia halted natural gas supplies in 2022.
Mark Carney holds talks with Donald Trump and rules out new Canadian tariffs
Speaking in Calgary after imposing tariffs on nearly $20 billion of US goods on 8 September 2026, Prime Minister Mark Carney signaled openness to a trade deal while discussing Ukraine and Iran with Donald Trump.
Italy extends diesel excise cut by one week and accelerates domestic drilling
The Italian cabinet approved an 85 million euro decree extending the 17-cent diesel discount until 17 September while appointing commissioners to speed up national oil and gas extraction.
German household gas prices face 20% rise as Iran conflict drives wholesale surge
German energy comparison portal Verivox warned that household gas tariffs could rise by up to 20% by year-end as military strikes between the US and Iran push European wholesale gas to multi-year highs.
Italian fuel prices hit new peaks as motorway petrol reaches 2.192 euros per litre
Self-service petrol on Italian motorways reached 2.192 euros per litre on 12 September, while the government prepared targeted relief measures ahead of the 17 September expiry of fuel excise cuts.
France gas benchmark to rise 6.3% in October to 182.88 euros per MWh
France's energy regulator announced a 6.3% rise in the benchmark gas price from October 1, adding an estimated 5.28 euros to monthly bills for roughly six million households.
Portugal rejects claims of fuel tax windfall as prices hit yearly high
Environment Minister Maria da Graça Carvalho denied that Portugal is profiting from rising fuel costs, citing 700 million euros in tax offsets as prices reached yearly highs.
Government audit reveals $6.5 billion cost surge and land irregularities in Romanian SMR nuclear project
A Prime Minister's Control Body inspection found that costs for the planned Doicești small modular reactor plant rose by $3.8 billion as delays reached 20 months.
US appeals court strikes down Trump emergency order keeping Michigan coal plant open
A federal appeals court ruled on Friday that the Department of Energy exceeded its statutory authority by invoking emergency powers to prevent the retirement of Michigan's 64-year-old J.H. Campbell coal plant.
Portugal adjusts fuel taxes as diesel rises four cents and petrol falls five cents
Fuel prices in Portugal will diverge on Monday, with diesel climbing nearly four cents per litre while petrol drops by five cents after an extraordinary tax adjustment.
European gas holds near three-year peak as Iran declares maritime exclusion zone
Dutch TTF natural gas contracts traded near 78 euro per megawatt-hour on Thursday as Tehran announced new maritime transit rules and shipping restrictions across the Persian Gulf.
European gas reaches €74.5 per MWh and Brent crosses $95 after US-Iran strikes
European natural gas traded near €74.5 per megawatt-hour and Brent crude exceeded $95 per barrel on Wednesday morning following overnight military strikes between the United States and Iran around the Persian Gulf.
Brent crude passes $101 as US and Iran exchange tanker strikes near Hormuz
Brent crude climbed above $101 per barrel on 9 September 2026 following mutual strikes in the Persian Gulf, with US forces destroying five Iranian tankers and Iran targeting commercial shipping and a Jordanian air base.
World food prices hit highest level since 2022 as war and weather curb supplies
The UN Food and Agriculture Organization price index climbed to 133.3 points in August 2026, driven by Black Sea shipping strikes, Strait of Hormuz blockades, and European drought.
US structures 35% Venezuelan oil venture stake as anti-dilution penny warrants
The Pentagon structured its 35% stake in Venezuelan oil venture North American Blue Energy Partners using penny warrants, protecting Washington from equity dilution as operations expand across 17 fields.
US diesel prices reach record $5.85 a gallon amid Middle East and Russia disruptions
Retail diesel fuel in the United States reached a record $5.85 a gallon as the war with Iran and refinery strikes in Russia tightened global fuel supplies ahead of the November midterms.
Brazil threatens reciprocal trade measures as EU animal product ban takes effect
The European Union halted imports of Brazilian beef, poultry, eggs, and honey on Thursday over antimicrobial drug concerns, prompting Brasilia to threaten retaliatory trade actions.
Portugal adds 3 cents to fuel tax discount as 2026 relief reaches 700 million euros
The Portuguese government increased the ISP fuel tax rebate to 23 cents per liter on 4 September 2026 to mitigate price spikes linked to Middle East tensions.