In Austria, Hungary, and Greece renewables expansion remains limited to reduce the countries’ dependency on Russia.
oil
A UAE official warned that more investment is needed in the energy sector for OPEC+ to deliver sufficient supplies
Russian oil output started to decline in March and had fallen by around 7.5% by mid-April
The EU is ready to cut funding to the country over its alleged violation of "respect for rule of law"
“Israel is willing to do as much as possible in supporting the European energy challenges”
Impressive strike
Europe cannot just buy alternatives to Russian gas, it must create supply in a way that complies with its climate objectives
For Biden to deliberately undercut European gas alternatives does not further national security but rather, it empowers irredentists in Russia & Turkey
Saudi Arabia was the biggest exporter of crude oil in 2020
"The situation on world energy markets will lead the EU to pay at least three times as much for oil, gas and electricity"