Increased priority on security of power supply might see some countries continue to rely on fossil fuels
Executives warn that a prolonged energy shock would increase pressure to pass on costs to customers
‘Somewhat counterintuitive’ indeed
Fund urges countries to target support at the most vulnerable rather than using expensive blanket measures
We know what worked and what failed the last time around
Differential pricing to protect local motorists at expense of foreigners infringes EU law, says Brussels
Softer price pressures in large Eurozone economies strengthen case for ECB to hold interest rates
Reductions in energy levies come despite IMF warning against ‘untargeted’ support
Its extraterritorial, prescriptive and paperwork-heavy requirements will restrict access to supply options
Energy crunch triggered by Middle East war reaches Pacific island of Tuvalu
Iran war keeps prices high despite consumer demand dropping as heating season ends
The Middle East war should accelerate a shift to renewable power sources
Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position
European Commission also recommends heat pumps and public transport subsidies
Sulphur squeeze highlights sector’s exposure to the industry it seeks to replace
Also in this newsletter: EU lawmakers clash over bank capital rules
Top fund official says UK chancellor looks ‘very aligned’ with recommendation of targeted help in wake of Iran shock
Research Foundation forecasts median working-age household will be £480 worse off over financial year
Armada of tankers sailing from as far away as the US and UK as reliance on imports from Asia in focus during supply crunch
Industry group warns EU that reserves are running low
Proposed changes offer ‘flexibilities’ to strict requirements due to be imposed on fossil fuel importers
Countries in Asia and Europe are turning to coal to power their economies but analysts argue solar will be a long-term winner
In the Philippines, surging fuel prices have forced a rethink of energy policy and even relations with China
Fatih Birol makes veiled reference to China as he urges nations to avoid export bans despite worsening supply shock
Comments by Richard Walker come as UK motorists face £2-a-litre diesel as Iran war drives wholesale prices to 4-year high
