Fuels

Biofuels phase-out will raise demand for feed imports, industry warns

Biofuels in the EU are deeply intertwined with global food and feed markets. As the EU discusses its future biofuels policy, their contribution to the bloc’s animal feed supply and impact on food prices have emerged as major battlegrounds between supporters and critics.

Ukraine to start receiving coal from US for first time

The United States is set to start shipping coal to Ukraine for the first time under a "historic" deal announced on July 31 that should help the crisis-hit nation end reliance on Russia.

The agreement inked earlier this month by U.S. firm Xcoal Energy & Resources and Ukraine's state-owned energy firm Centrenergo will see some 700,000 tons of coal delivered by the end of the year.

EON confident for 2017 despite tough first quarter

Massive German energy firm EON on May 9 reported a tough first quarter but confirmed forecasts for the full year, hoping to rebuild in 2017 after grave losses last year.

The Essen-based group reported adjusted net profits of 525 million euros ($573 million) between January and March, 20 percent lower than the first quarter of 2016.

Drivers across Greece being cheated at the gas pump

Attica is not the only Greek region where drivers frequently get less gasoline at the pump than the amounts they pay for.

A December survey by the National Technical University of Athens conducted in Thessaloniki, Patra and Volos showed that one in nine gas stations (11 percent) pumped up to 10 percent less fuel into their customers' vehicles than what they paid for.

Questions rising over Turkey's overemphasis on coal resources

Turkey has developed a number of plans to diversify its energy resources over the last decade. These plans have accelerated since the jet crisis erupted with Russia, Turkey's largest energy provider, last November. However, the overemphasis on coal resources in these plans has triggered key environmental questions and other concerns, mainly about labor safety in the mining sector. 

Saudi to boost petrol prices by more than 50 percent

Saudi Arabia said on Dec. 28 it was raising petrol prices by more than 50 percent for some products from Dec. 29 as it cuts a range of subsidies after posting a record budget deficit at $95 billion.

Prices will also increase for electricity, water, diesel and kerosene under the cuts decided by the council of ministers headed by King Salman, the official SPA news agency reported.

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