100 million barrels of oil reserves promised by the G7 begin to reach the market
The release of crude oil and diesel reserves, promised by the G7 and other European countries including Portugal, is now entering the market to increase supply.
The release of crude oil and diesel reserves, promised by the G7 and other European countries including Portugal, is now entering the market to increase supply.
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Read today’s briefingThe government has announced a new support scheme for electric vehicle purchases targeting low-income individuals and those in low-density or isolated areas. Eligible residents include those receiving the social electricity tariff or earning less than 11,500 euros per year. The subsidy covers up to 80% of the vehicle price (excluding VAT) with a cap of 15,000 euros, plus an additional 1,000 euros if scrapping a combustion vehicle and another 1,000 euros for a home charging station, totaling up to 17,000 euros in support.

The ongoing dry, warm autumn, combined with a hot summer, has reduced water levels in reservoirs and worsened drought conditions across the mainland. While temperatures are expected to drop starting tomorrow, 2 November, significant rainfall is not forecast for the mainland until Sunday, 8 November.

While the total volume of household savings rose to 26.4 billion euros in 2025, an increase of 1.2% over 2024, real purchasing power declined by 1% when adjusted for inflation. The study, released by the Francisco Manuel dos Santos Foundation, also notes that 42% of households held debt in 2024, with mortgage debt being the most common (24.7%).