energy

In Europe 23rd April 2026

European Commission puts brakes on tax on energy companies’ profits due to oil crisis

Banco Sabadell | In the new strategy of measures to tackle the energy crisis that the European Commission is set to present this week, Brussels is reluctant to push for a European tax on energy companies’ windfall profits despite rising oil prices. Although Spain and four other countries are calling for a coordinated levy, the EC is leaving the decision to individual Member States. The new European plan to tackle…

In the World 20th April 2026

IEA executive director says two years needed to recover lost Middle East energy production

Link Securities | According to a report by Reuters, Fatih Birol, executive director of the International Energy Agency (IEA), stated that it will take around two years to recover the energy production lost in the Middle East due to the conflict between the United States and Iran. He said this would vary from country to country. In Iraq, for example, it would take much longer than in Saudi Arabia. Furthermore,…

In the World, World economy 16th April 2026

International Energy Agency believes crude oil market experiencing biggest supply shock in its history

Bankinter | The International Energy Agency (IEA) has published its monthly report. Weakness in both supply and demand. It believes that the crude oil market is experiencing the biggest supply shock in its history due to the war in Iran. This has a direct impact on prices, demand, inventories and inflation. Specifically, it estimates that crude oil demand in 2026 will fall by 80,000 barrels per day on an annual…

In the World 23rd March 2026

IEA director describes this crisis as worse than both 1970s oil crises combined

Norbolsa | Trump has given Iran 48 hours to open the Strait of Hormuz, failing which he will begin targeting its power facilities, but Iran is threatening to attack the critical infrastructure of all its neighbours. In addition to the latest ‘threats’, there is concern that we are now entering the fourth week of the conflict, with no sign of a solution, which increases the likelihood of facing more far-reaching…

In the World 28th January 2026

Henry Hub natural gas prices close at $6.68, after rising 27% in one day and breaking $6 barrier

Intermoney |We have also seen a significant upturn in natural gas prices in recent days. As a result of the winter storm currently affecting the US, Henry Hub natural gas prices closed at $6.68, having risen 27% in a single day and breaking through the $6 barrier for the first time since Russia invaded Ukraine in 2022 and energy prices skyrocketed. Although we consider these fluctuations to be too aggressive,…

In Spain 2nd January 2026

Demand for natural gas in Spain grows 7.4% in 2025 thanks to electricity generation

Alphavalue / Divacons | Demand for natural gas transported in Spain, including domestic demand and exports, grew by 7.4% in 2025, reaching 372 terawatt hours, according to provisional data from Enagás. This growth has been driven by electricity generation, which has shot up by 33.3% to 99.3 terawatt hours, and by exports, which have risen by 17.4% to 40.5 terawatt hours. Spain has reaffirmed its commitment to European security of…

Companies, In Europe 26th May 2023

French State raises its stake in EDF to 97.69%, plans to reach full ownership by 8 June via squeeze-out

Santander | EDF has announced that the takeover bid for its shares by the French state has raised the state’s stake in the company to 97.69% of the share capital and that the state will now seek to acquire the minority stakes through a squeeze-out process, which it expects to result in full state ownership by 8 June. In addition, EDF issued a press release yesterday to announce that the…

Spanish economy 11th January 2023

Spanish government proposes segmenting electricity market in Brussels to prevent gas from contaminating prices

The Ministry for Ecological Transition has informed the Council of Ministers of the proposed reform of the European wholesale electricity market that the government has sent to Brussels today. Following the economic measures that the Spanish government has proposed, and which Brussels “has accepted as its own”, according to the Secretary of State for Energy, Sara Aagesen, during the presentation of the proposal to the media, the “conceptual” debate on…

World economy 7th November 2022

For the first time in decades, the number of people without access to electricity is set to increase in 2022

IEA (*) | The global energy crisis, which will weigh heavily on negotiations at the COP27 Climate Change Conference that starts next week in Egypt, is also undermining efforts to ensure universal access to secure affordable energy, especially in the developing world where populations without access to electricity are once again growing. According to the latest IEA data, the number of people around the world who live without electricity is…

Spanish economy 13th October 2022

Spain To Follow Italy And Poland And Leave The Energy Charter

Spain has initiated proceedings to withdraw from the Energy Charter Treaty (ETC), signed by 53 countries and in force since 1998, designed to protect foreign investment in energy infrastructure, according to Politico. Investors have invoked the treaty to litigate against Spain in more than 50 cases over renewable energy cuts. The third vice-president of the government and minister for Ecological Transition, Teresa Ribera, had already pointed out on numerous occasions…

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