Energy crisis: Government measures follow the path of European peers and renewables reduce exposure

Government measures to mitigate the energy shock align with those of European peers, with Portugal being 'less exposed than other European economies' according to an Allianz Research study. Measures such as fuel tax discounts help reduce the impact of rising crude oil prices. The total impact of government action is expected to be around 0.15% of national GDP, similar to the average in developed countries, meaning Portugal is not repeating the budgetary effort seen during the 2022 energy crisis. The issue involves not just price hikes, but a reduction in market supply, with aviation fuel becoming scarcer, diesel being rationed, and industrial users in price-controlled markets facing shortages. Portugal benefits from energy resilience due to its lower reliance on Middle Eastern oil imports, a higher share of renewable energy in electricity production, and experience in managing recent energy shocks. Brussels is urging Europeans to consume less fuel and reduce air travel.

Energy Agency confident in response to energy crisis

The blockade of the Strait of Hormuz has cut off a quarter of the world's oil. According to the IEA director, the crisis could accelerate renewables, efficiency, and nuclear power, much like in the 1970s.

From price regulation to carsharing, European Commission suggests measures against the energy crisis

Without going as far as advising against air travel or proposing mandatory remote work, Brussels suggests that countries invest in various sectors, from transport to housing.

European Commissioner anticipates "very difficult months and years" due to energy crisis

The European Commission anticipated today “very difficult months and years” due to the current energy crisis caused by the conflict in the Middle East, admitting pressure on aviation fuel and concern regarding tourism in the European Union (EU).

EC retreats on remote work and fewer flights to save energy

The European Commission presented a package of measures to address the energy crisis, but did not mention suggestions to reduce energy consumption, which had been included in previous drafts.

European Commissioner anticipates "very difficult months and years" due to the energy crisis

Brussels released a set of measures this morning to address high energy prices.

Renewables aren’t enough: energy crisis forces Portugal to look to oil, gas, and nuclear - Portugal Resident

European Commission creates Fuel Observatory to identify potential shortages

The European Commission has announced the creation of a Fuel Observatory to monitor reserves across the EU and act swiftly against potential shortages caused by the conflict in the Middle East. The initiative is part of a broader package of measures to address the energy crisis, which includes clarifying flexibilities in the aviation sector, coordinating gas and oil reserve management, and accelerating the transition to clean energy through electrification. Brussels also plans to introduce temporary support for consumers and industry, promote private investment to meet the €660 billion annual transition cost, and encourage alternatives to car and air travel to reduce consumption.

Brussels wants to create a Fuel Observatory to identify potential shortages

The European Commission proposes the creation of a Fuel Observatory to monitor production and fuel levels in the European Union (EU), with the aim of quickly identifying potential shortages. The measure is part of the package presented this Wednesday in Brussels to mitigate the impact of the fuel crisis, following the war in...

Remote work and fewer plane trips. Brussels wants less energy and fuel consumption

Remote work, carpooling, lower public transport prices, and support for the most vulnerable consumers. These are some of the 55 measures that Brussels wants to implement to tackle the energy crisis.

EU presents measures to mitigate energy crisis caused by war in the Middle East

The European Commission is set to unveil a package of measures this Wednesday, the 22nd, to address the energy crisis triggered by the conflict in the Middle East. The goal is to reduce energy consumption across the European Union and increase strategic storage by encouraging alternatives to car and air travel. The plan includes support for consumers and businesses, potential tax cuts, and tariff adjustments. These initiatives follow nearly two months of tensions involving the US, Israel, and Iran, which have led to high energy prices. The Commission proposes measures such as shared bicycles, car-free zones, carpooling, increased use of electric vehicles, and public transport incentives. It also suggests limiting air travel, adjusting air conditioning in public buildings, and regulating domestic boilers. For businesses, the focus is on renewable energy and efficiency. Brussels also aims to coordinate gas reserves and potential oil releases to manage supply, noting that while EU gas reserves are at 30.40%, Portugal holds 91.26% capacity. The crisis highlights the urgent need for the EU to diversify suppliers and accelerate the transition to renewable energy to reduce exposure to external shocks.

European Commission presents support measures today in response to the energy crisis

The European Commission will present a package of support measures today in response to the energy crisis caused by the conflict in the Middle East, calling for alternatives to cars and planes to reduce consumption in the European Union (EU) and increase storage.

European Commission presents support measures today in response to the energy crisis

The European Commission will present a package of support measures today in response to the energy crisis caused by the conflict in the Middle East, calling for alternatives to cars and planes to reduce consumption in the European Union (EU) and increase storage.

European Commission presents support measures today in response to the energy crisis caused by the conflict in the Middle East

Brussels calls for alternatives to cars and planes to reduce consumption in the European Union (EU) and increase storage.

6am. EU presents measures to tackle the energy crisis

Among them are alternatives to cars and planes to reduce consumption. Also, FC Porto and Sporting decide today who will be the first finalist of the Portuguese Cup.

Netherlands Joins Canada, Japan, France, Brazil, Portugal, Spain, And More In An All-Out War To Combat The Jet Fuel Crisis And Escalating Energy Shortages Threatening Global Stability And Air Travel Across Europe, Asia, And America: New Updates You - Travel And Tour World

Travel And Tour World22 Apr

International Energy Agency warns that normality will take a long time even if the Strait of Hormuz opens now

The executive director of the IEA estimates that two years is the time needed to restore pre-war levels of commercial activity.

Remote work, carpooling, speed reduction: 55 Brussels proposals for the energy crisis

The European Commission will propose that member states move forward with one mandatory day of remote work per week.

Brussels wants remote work and alternatives to cars and planes to reduce consumption in the EU

Measures are being introduced to address the energy crisis caused by the conflict in the Middle East.

Brussels wants remote work and fewer flights during the energy crisis

Brussels proposes immediate measures to member states: from adjustments to domestic boilers and temporary bans on power cuts to support for vulnerable families.

Energy crisis: Brussels calls for remote work and alternatives to cars and planes to reduce consumption

The European Commission is set to propose measures to address the energy crisis triggered by the conflict in the Middle East, advocating for remote work and alternatives to private vehicles and air travel to lower consumption across the EU. The proposed toolkit includes targeted support for consumers and businesses, tax reductions, and strategic market interventions. Suggested measures for member states include at least one mandatory day of remote work per week, closing public buildings where possible, and promoting public transport, cycling, and car-sharing. The Commission also advises reducing air travel, adjusting air conditioning in public buildings, and lowering residential boiler temperatures. To protect vulnerable households, the proposal suggests energy vouchers and temporary price regulations, while encouraging businesses to shift toward renewable energy and improved efficiency. Ursula von der Leyen emphasized that these measures must be targeted, rapid, and temporary, while stressing the long-term need to reduce dependence on fossil fuels.

Brussels wants remote work and alternatives to cars and planes to reduce consumption in the EU

The European Commission will propose support measures on Wednesday in response to the energy crisis caused by the conflict in the Middle East, calling for remote work and alternatives to cars and planes to reduce consumption in the European Union (EU). At stake is a toolkit that Brussels will release to address high prices.

October 6, 1973. The day the era of cheap energy ended

The start of the Yom Kippur War in the Middle East caused crude oil prices to soar on international markets.

Europe could run out of jet fuel in six weeks

The director of the International Energy Agency (IEA) has no doubt that this is “the greatest energy crisis ever faced”.

International Energy Agency warns that Europe has “about 6 weeks of aviation fuel”

The executive director of the International Energy Agency, Fatih Birol, said in an interview with the AP this Thursday that Europe has “perhaps enough aviation fuel for about six weeks” and highlighted that this is the “biggest energy crisis we have ever faced in history” due to the blockade in the Strait of Hormuz.

Portugal now only has 82 days of petroleum product reserves

Portugal is already feeling the impact of the energy crisis. It now only has 82 days of petroleum product reserves left.