Oil deliveries have generally become more long-distance since a reshuffling of global oil flows following Russia’s invasion of Ukraine.

Austria, Czech Republic, Hungary and Slovakia said the levy — which is paid for by traders or utilities further down supply chains — undermines energy security in the wider region.

The larger of the two preliminary loan commitments announced went to a unit of the South Korean semiconductor company SK Siltron.

Technology installed on wind-powered Chemical Challenger targets 15% CO₂ savings on Transatlantic route.

Over 70 business and industry leaders are urging the bloc to introduce a European Industrial Deal to boost competitiveness during the shift.

The money will support 32 companies working on 33 projects along the EU’s hydrogen value chain and likely unlock over $5.81 billion in private investments.

Mahindra will equip some of its five planned electric sport utility vehicles with components from Volkswagen’s MEB platform and unified cells, the carmaker said in an exchange filing February 16.

Solarcycle said that it would hire over 600 employees to work at the Cedartown, Georgia-based facility, which is set to open in 2026.

GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said.

The IEA said that it anticipates oil demand will peak by 2030 as the world attempts to transition to cleaner energy sources. OPEC says it will peak after 2044.