News about energy crisis: events, facts and developments on tafs uz.
9 stories
France announced the release of 42 million barrels of oil reserves over three months, half of which is diesel. This is part of the G7 agreement for 100 million barrels. Paris is also working to reduce insurance costs for ships in the Strait of Hormuz and has secured diesel supplies from Gulf countries.
Otabek YusupovThe benchmark TTF futures contract traded above €100 per MWh on 28 October — a level not seen since December 2022. EU Energy Commissioner Dan Jørgensen announced a new energy crisis and a hard winter: storage is behind target, Qatari LNG was virtually absent over the summer, and the EU is seeking alternatives, including an LNG deal with Canada.
Otabek YusupovSri Lanka's energy minister Anura Karunatilaka told AFP that the country will accelerate its transition to renewable sources after the fuel price spike caused by the blockade of the Strait of Hormuz. The target is 70% of electricity from renewables by 2030, but protests against wind farms, overloaded grids and an imbalance in solar generation stand in the way.
Otabek YusupovEmber's analysis showed that from March to August 2026, electric vehicles displaced about 200 million barrels of oil worth $20 billion. The largest savings went to China ($14 billion), EU countries saved $3.1 billion. Denmark leads in the share of displaced oil relative to national consumption. The rise in oil prices is linked to Iran's blockade of the Strait of Hormuz.
Javlon TursunovEmmanuel Macron visited Kuwait, the UAE, Bahrain, Qatar and Saudi Arabia. According to his advisers, France received commitments for LNG and diesel supplies equivalent to 10% of French consumption. The tour took place against the backdrop of an energy crisis and protests in France, caused in part by Iran's blockade of the Strait of Hormuz.
Sevara AzamovaAnnual inflation in the eurozone reached 3.8% in September 2026, up from 3.2% in August, according to Eurostat. Rising prices for energy, food and housing are sparking protests across Europe, while the European Commission proposes new measures — from the Affordable Housing Act to energy policy reform.
Sevara AzamovaDonald Trump signed an executive order suspending sweeping sanctions against Russian energy revenues (Lindsey Graham Act). Volodymyr Zelensky called this a 'reward' for Putin and suggested the 'diesel deal' is just the first step toward further concessions. The decision coincided with one of Russia's largest strikes on Ukraine's energy system.
Aziz KarimovAt a European Council summit that stretched late into Thursday night, EU leaders demanded that the European Commission adopt targeted temporary measures to support households and industry, including expanded financial aid for the hardest-hit sectors. They also raised issues of energy supply security, refinery efficiency and joint purchases of energy resources. The IEA warned that the diesel market will remain tight until 2027.
Nilufar KarimovaGreek Finance Minister Kyriakos Pierrakakis announced a 30% increase in the heating allowance compared to last year and a direct subsidy on heating oil at the pump. The ministry will present details of the measure on Wednesday. The decision comes amid rising fuel prices in Europe: Germany temporarily cut its excise tax by 17 cents per liter from October 1, and Spain extended its tax discounts — both measures remain in effect until the end of December.
Dilnoza Rahimova
