EU Imports €95.3 Billion in Energy in Q1 2025 Despite 3.9% Drop in Volume: LNG Soars 45.3% in Value

EU Imports €95.3 Billion in Energy in Q1 2025:In the first quarter of 2025, the European Union imported €95.3 billion worth of energy products, but total volumes declined by 3.9% to 176.4 million tonnes. A sharp surge in liquefied natural gas imports contrasts with falling petroleum volumes, reflecting shifting energy strategies and supplier dynamics. EU …

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Iran Closes Strait of Hormuz After US Airstrikes, Directly Impact On 20% of global oil supply

Iran Closes Strait of Hormuz After US Airstrikes:Iran shuts down the critical Strait of Hormuz after US airstrikes on Iranian nuclear sites, triggering massive global concerns. With 20% of global oil supply and one-third of LNG shipments blocked, markets react sharply. The crypto market witnesses a steep fall as Bitcoin, Ethereum, XRP, ADA, TRON, PI, …

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