Energy

Russia says oil sales to India soar

Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia's deputy prime minister said yesterday.

Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow sent troops into neighboring Ukraine.

EU countries approve 2035 phaseout of CO2-emitting cars

European Union countries gave final approval on Tuesday to a landmark law to end sales of new CO2-emitting cars in 2035, after Germany won an exemption for cars running on e-fuels.

The approval from EU countries' energy ministers means Europe's main climate policy for cars can now enter into force - after weeks of delay caused by last-minute opposition from Germany.

A major twist: Russians after all?

As Tomislav Krasnec writes for Veernji list, the destruction of the Nord Stream has turned into one of the biggest geopolitical mysteries, and a series of several theories that have been leaking into the media for the past two months, and all the squads refer to unnamed sources referred to the investigation, has been joined by a new theory.

Greece has Europe’s most expensive electricity

Despite the drop in its wholesale rates of electricity, by 8% on a daily basis, the Greek power market remained the most expensive in Europe for the second day in a row on Monday.

The average price per megawatt-hour stood at 133.98 euros compared to €146.16/MWh on Sunday. Over the past seven days, the average price of a megawatt-hour in the Greek market fell to an 81-week low.

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