Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday.
The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signal that “we stand united and are able to take action”.
“It would also send a clear message that th...
The US has accused Mexico of shutting out US energy companies in a new trade barriers report, reviving a dispute that has simmered since 2022 regarding Mexico's energy policies.
Wall Street analysts have released new research calls, including initiations, upgrades, and price target adjustments for various companies, with the latest reports detailing Wednesday's analyst upgrades and downgrades and highlighting energy firms like Chevron, Kinder Morgan, and TC Energy.
Analysts have offered their perspectives on energy companies BKV Corporation (BKV) and Oneok (OKE), providing insights into their market performance and outlook.
Polish energy companies, including Polska Grupa Energetyczna, Enea, Tauron, ZE PAK, and Orlen, experienced a significant surge in stock prices following an announcement regarding the easing of the EU Emissions Trading System (ETS).
DNO has announced an asset swap with Equinor on the Norwegian shelf, a strategic move aimed at enhancing production capabilities for both energy companies.
ENTERSOFTONE IMPACT is solidifying its leadership in the energy sector as top companies choose its EINVOICING service for the digital transformation of their tax processes.
Labour leader Keir Starmer has stated that he will not tolerate energy companies exploiting the Middle East crisis for profit, as global oil prices have risen sharply in response to the conflict.
Shares of major solar energy companies, including SolarEdge, Enphase Energy, and SunRun, experienced significant gains, with SolarEdge stock rising 10%.
Disruption to global energy supplies and the prospect of an ever-widening conflict in the Middle East has sent crude-oil and natural-gas futures higher — and exposed subtle differences on how investors treat the stocks of different energy companies.
Spanish consumers are close to finishing payments on a significant electricity debt, a financial burden that has persisted while major energy companies navigate their own challenges.
Analysts have provided insights on energy companies such as Teekay Tankers (TNK), Occidental Petroleum (OXY), Infinity Natural Resources, Inc. Class A (INR), Obsidian Energy (OBE), and Cenovus Energy (CVE).
European ministers are calling for a windfall profits tax on energy companies as the annual inflation rate in the Eurozone rose to 2.5% in March, largely driven by higher oil prices. The price surge is attributed to ongoing tensions in the Middle East.
Elevated prices for Liquefied Natural Gas (LNG) are anticipated to have negative implications for U.S. exporters. This economic trend could impact the profitability and competitiveness of American energy companies.
Nigel Farage's Reform UK party has announced it is dropping its pledge to nationalize water and energy companies. The right-wing populist party is reportedly shifting back towards 'small state' economic policies.
The Greek government is accused of siding with cartels and intermediaries by choosing not to tax the super-profits of energy companies and refineries, prompting calls for political change.
This week's energy news covers changes in CO2 trading and highlights top renewable energy companies, with the European Council confirming the Emissions Trading Scheme (ETS) will remain and a review proposed by July 2026.
The German Bundestag is debating stricter regulations for fuel stations and considering the implementation of a windfall tax on energy companies, measures that could spark significant controversy.
Nuclear energy companies Oklo and NuScale Power saw their stock prices climb by 5% and 3% respectively, attracting renewed investor interest in the sector.
Croatian MP Zvonimir Troskot stated that state energy companies have been used for years as "golden geese" to extract money through various donations and marketing activities. He called for an end to such practices.
Analysts are reportedly expressing conflicting opinions and sentiments regarding the stock performance and outlook for energy companies BP and Schlumberger.
Wind energy companies find that the conditions of the government's onshore wind auction fail to cover investment and operating costs, while planning processes remain painfully slow.
Portugal's Recovery and Resilience Plan (PRR) is allocating 60 million euros to support the installation of batteries in the electricity grid. Private renewable energy companies can apply for this funding, which covers up to 20% of project costs, with projects required to be completed within 24 months.
The Athens Stock Exchange continues its recovery, with investors pushing for an increase of over 1%, notably in the banking, Motor Oil, and ELPE sectors, following a significant previous decline.
The UK Chancellor is scheduled to meet with executives from major North Sea energy companies, including BP and TotalEnergies, to reiterate the government's commitment to ending the windfall tax.
Italian Prime Minister Giorgia Meloni held a meeting with the heads of energy companies Eni and Snam at Palazzo Chigi. Discussions focused on energy security and anti-crisis measures, analyzing the impact of ongoing hostilities on the energy market and economy.
Georgi Pulev discusses the increasing role of industry as an active participant in the energy system. He clarifies that this does not mean factories must become energy companies, but rather that their influence on the electricity market is significant.
The main indices of the Warsaw stock exchange experienced a slight rebound at the start of the week, largely attributed to the strong performance of energy companies.
Major energy companies are increasing their efforts in oil and gas exploration globally, aiming to replenish their reserves amidst evolving market dynamics.
An analysis suggests that a conflict 3,000 kilometers away can reshape the hierarchies of the Romanian stock exchange, particularly due to its energy-heavy structure where energy companies act as a buffer for the index.
A new report identifies and discusses the most innovative energy companies projected for the year 2026. The article likely details their advancements and contributions to the energy sector.
Poland's Office of Competition and Consumer Protection (UOKiK) has imposed fines exceeding PLN 7 million on two renewable energy companies for employing unfair customer acquisition methods and including prohibited clauses in their contracts.
Analysts have provided their expert insights and recommendations on specific energy companies, including Phillips 66 (PSX) and LandBridge Company LLC Class A (LB).
The DEI Group has achieved a significant new improvement in its S&P Global Corporate Sustainability Assessment, further strengthening its position among international energy companies.
TotalEnergies has announced a 15% reduction in its output, directly attributing the decline to the ongoing conflict in the Middle East. This highlights the specific operational impact of geopolitical tensions on major energy companies.
Analysts are offering their perspectives and insights on the performance and prospects of specific energy companies, including Canadian Natural (CNQ) and Advantage Energy (AAVVF).
An Icelandic article discusses the sanctity of property rights, arguing that when expropriation becomes a tool for public entities like the Road Administration or energy companies, their incentive to negotiate fair compensation diminishes.
The Dutch Authority for Consumers and Markets (ACM) announced it will more strictly monitor energy companies after receiving reports that some suppliers stopped offering new contracts.
Türkiye's state energy companies could invest in Canada as Ankara explores opportunities and alternatives in oil, gas and mining, Energy and Natural Resources Minister Alparsl...
Rachel Reeves, Labour's Shadow Chancellor, affirmed the party's economic strategy as the UK's 2026 growth forecast was downgraded, citing ongoing discussions with the Bank of England and energy companies.
Energy storage providers in Germany are raising alarms about potential multi-billion euro misinvestments, citing a paper from the Federal Network Agency. A dozen energy companies have issued a joint statement protesting the situation.
