The Latest Breaking News from Europe

Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead.

A group of European Union countries are pushing Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a letter seen by Reuters late on Tuesday.

Kremlin-orchestrated referendums that are expected to serve as a pretext for Moscow to annex Russian-held regions of Ukraine concluded Tuesday as the preordained outcome of the votes heightened tension between Russia and the West. Moscow-backed officials in the four occupied regions in southern and eastern Ukraine said polls closed Tuesday…

Unusual leaks in two gas pipelines running from Russia under the Baltic Sea to Germany trigger concerns about sabotage.

PARIS: The world as a whole has been jolted by the war in Ukraine, according to the OECD, which cut almost all growth forecasts for the Group of 20 next year while anticipating further interest-rate hikes too.

Greece has proposed a multibillion-euro European fund partly financed by a gas levy on power producers to support households and businesses struggling with soaring energy costs and help Europe replace Russian gas, its energy ministry said on Tuesday.

The company has increased prices by around 12 cents per kilowatt hour, although some countries like Germany have seen larger increases.

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Three unexplained gas leaks detected in the Nord Stream 1 and 2 pipelines from Russia to Germany have prompted the European Union and Russia to point at sabotage.