... lost Russian volumes. As expensive fuel purchased by European importers last winter is consumed and replaced with cheaper supplies, gasoline stations in the EU are gradually lowering retail prices. However, due to high taxes and levies, gasoline in Europe remains expensive for end consumers—prices in the largest EU economies hover around €1.6-1.8 per liter at the filling stations. Overall, the global oil products market is currently not experiencing acute shortages, though regional disparities persist. In some developing countries (for example, Pakistan, Bangladesh,...

... is gaining momentum, setting new records. According to industry reviews, in 2024, the share of solar and wind generation in Europe for the first time surpassed electricity generation from coal and gas, indicating rapid progress in the development of ... ... Countries in Asia and the Middle East have announced projects for the construction of new solar and wind farms, while leading economies in the EU and North America are stimulating the sector with subsidies and incentives under energy transition programs....

... slight decrease (less than 1%) is expected this year compared to the record 2024. The primary driver is Asian countries, particularly China and India, where coal-fired power plants and metallurgical enterprises underpin economic development. In these economies, coal remains the most accessible and reliable energy source capable of covering baseline load. At the same time, a gradual phasing out of coal is observed in several regions. In Europe and North America, coal capacities are being closed, and transitions to gas and RES are occurring, leading to a long-term decline in coal consumption in these countries. However, the global effect remains limited—reductions in developed economies ...

Tereshkin: Gas Prices in Europe Will Rise This Winter (Izvestia) Experts Predict Gas Prices in Europe Will Increase A new article by Sergey Tereshkin on the prospects for changes in gas prices in Europe has been published on the website. The article examines the key factors ...

... Russian volumes. As the expensive batches of fuel purchased by European importers last winter are consumed and replaced by cheaper supplies, gas stations in the EU are gradually lowering retail prices. However, due to high taxes and levies, gasoline in Europe remains expensive for consumers – prices in the largest EU economies range from €1.6–1.8 per liter at gas stations. Overall, the global oil products market is not currently experiencing acute shortages, although regional differences persist. In some developing countries (such as Pakistan, Bangladesh, and ...