Retail challenges in Europe
Major oil companies in the region identify key opportunities for retail growth
The EU's retail oil industry is adapting to the policy and operational challenges raised by the energy transition. Major European companies such as BP, Shell and Total are adjusting their outlooks to make way for a future which will include major shifts in product demand and retail services. Within the structures recommended by the EU's strategy for the development of the market for alternative fuels, launched in 2014, European oil majors have acquired electricity and technology assets including conventional and renewable power generation, electricity supply companies, and electric vehicle charging infrastructure development. Smaller national firms, including OMV, have also cemented agreemen
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy