Europeans face fuel 'price surge'
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Electricity prices could double in Europe, if power firms are to meet emissions reduction targets, says a report.
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British Airways said it would raise its fuel surcharges by up to eight pounds (11.6 euros, 14.4 dollars) per return ticket as a result of soaring oil prices.
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Europe is moving toward forcing large polluters to pay for most, if not all, permits to produce climate-changing gases.
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The euro hit a new all-time high against the U.S. dollar today, climbing on oil price worries and concern over the U.S. budget deficit.
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Europe is becoming more and more dependent on Russian energy supplies, making it vulnerable to high prices that help Moscow reach growth and investment objectives, IEA executives say.
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The head of the European Central Bank said Thursday there is growing concern about higher energy prices increasing inflationary pressures.
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Surging oil pressures Bourses, but building materials sector remains a bright spot after Cemex buy. LONDON  - European stock indexes hit a two-week low Monday as record high oil prices heightened
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BRUSSELS The European Central Bank warned Thursday that the soaring price of oil had hurt prospects for economic recovery in the euro zone.
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Local analysts said the jump in world oil prices, if sustained, could push up petrol prices another 42c/l in coming months, boosting inflation and slowing down spending in the economy.
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Qantas Airways has raised its fuel surcharge on domestic and international tickets by $4 and $7, respectively, because of the high price of oil.
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British Airways said it expects high oil prices to drive up its annual fuel bill by 245 million pounds, though this would be partly offset by customer surcharges.
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The euro hit an eight-month high against the US dollar on Tuesday, increasing the exchange-rate burden on Europe&#39;s exporters as fears over high oil prices weighed on the greenback.
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Oil prices soared to new highs on both sides of the Atlantic today as traders fretted over increasingly short supplies. The cost of crude in New York broke through the
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Australian flag carrier Qantas on Friday raised fuel surcharges on domestic and international tickets, blaming the skyrocketing price of crude oil prices.
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Eurozone inflation surges to a new record in January at 3.2%, putting pressure on the European Central Bank to take action to curb it.
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German carrier Lufthansa said it would levy a temporary fuel surcharge on tickets from August 24, in response to the rise in the price of oil.
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LONDON British Airways announced Friday that it was increasing its fuel surcharge on both short-haul and long-haul tickets because of rising oil prices.