Claudio Descalzi, chief executive of Eni, has publicly suggested that the European Union may need to reconsider its planned ban on Russian gas imports if current energy market pressures persist. Speaking at a public event in Italy, Descalzi described the present energy situation as one of the most significant in recent decades. He indicated that […]
Debate on EU Russian Gas Ban and EU Energy Mix Intensifies Read More »
Baghdad and Tehran appear to have reached an agreement allowing Iraqi oil shipments to resume transit through the strategically vital Strait of Hormuz, according to statements attributed to Iraqi and Iranian officials on Monday. The reported arrangement would grant Iraqi tankers a form of exemption from restrictions Iran has imposed on maritime traffic in the
“Iran and Iraq Reach Deal to Allow Iraqi Oil Through Strait of Hormuz” Read More »
Unverified reports circulating on social media have described a drone strike on a large oil tanker in the port of Dubai, raising fresh concerns about the vulnerability of energy infrastructure in the Gulf region amid heightened geopolitical tensions. Claims and available information According to posts published on X (formerly Twitter) by analyst Francesco Sassi, a
Reported Drone Strike on Oil Tanker in Dubai Raises Concerns Over Gulf Energy Security Read More »
By Pieter Cleppe Europe’s energy strategy is no longer sustainable. What once passed as long-term planning has collided with geopolitical reality, and the consequences are now impossible to ignore. The war in Iran has merely accelerated a crisis that was already years in the making: a system built on fragile assumptions, increasing dependency, and political
Europe’s Energy Policy Reckoning Read More »
Palm oil prices are rising again, but the movement is about more than commodity cycles. What is unfolding is a convergence of energy markets, biofuel demand, and increasingly complex global trade rules. In Malaysia, palm oil futures have been trending upward, supported by higher crude oil prices and a weaker ringgit. These factors are making
Energy Markets Drive Palm Oil Higher, Reshaping Global Trade Pressures Read More »
Rising geopolitical tensions in the Middle East are increasing concerns about global energy supply, particularly following disruptions linked to the Strait of Hormuz. Industry leaders, including Wael Sawan, have warned that Europe could face shortages of key fuels such as diesel, jet fuel, and gasoline in the near term. These developments have contributed to heightened
EU Reassesses Russian Oil Ban Timeline Read More »
Turkey has multiple reasons to be wary of the escalating conflict in Iran: the potential refugee crisis, disruptions to oil and gas supplies, impacts on trade, and losses in tourism. Above all, Ankara prefers to stay out of the fighting and maintain a role as a neutral mediator. Turkish President Recep Tayyip Erdoğan made this
Turkey Is Determined to Stay Out of the Iran War Read More »
By Pieter Cleppe Taxation has traditionally been regarded as one of the core prerogatives of national sovereignty within the European Union. Member states determine their own tax rates, structures, and revenue priorities, reflecting domestic political choices and economic models. Yet over the past decade — and particularly since 2020 — the EU’s role in shaping
EU Tax Policy: Ever Closer Coordination Read More »
Algeria has confirmed that work on the proposed 4,100-kilometer Trans-Saharan Gas Pipeline is expected to resume in the near future. The project is designed to transport up to 30 billion cubic meters (bcm) of natural gas annually from Nigeria through Niger to Algeria, before connecting to Mediterranean export routes supplying European markets. If completed at
Algeria Signals Resumption of Trans-Saharan Gas Pipeline Project Read More »
India has moved to deepen its economic ties with both the European Union and the United States, advancing two significant but structurally different trade arrangements within weeks of each other. While both initiatives signal New Delhi’s intention to expand global trade partnerships, the agreements differ in ambition, scope and political context. Great news for India
India Balances Brussels and Washington in Parallel Trade Deals Read More »