Natural gas prices have fallen further in Europe as a spell of warm weather delays the heating season, providing some respite for a regional economy on the brink of recession. The mild weather is likely to extend into the month, with forecasters Maxa…
IEA: Higher oil prices will have major impact on global economy The International Energy Agency (IEA) released its October Oil Market report on Thursday. The report said continued deteriorati…
IEA: Higher oil prices will have major impact on global economy The International Energy Agency (IEA) released its October Oil Market report on Thursday. The report said continued deteriorati…
The European Commission on Thursday proposed emergency intervention in Europe's energy markets to ease the recent sharp rise in energy prices. A much-watched proposal to cap natural gas prices was not included because of controversy.…
Fuel prices in South Africa have seen their biggest drop in two years since midnight local time on September 6. According to the government's price adjustment plan, the price of 93 and 95 gas…
Affected by the conflict between Russia and Ukraine, this year the European electrolytic aluminum production capacity is declining, as Russia this week stop running indefinitely "Nord stream no. 1" gas pipeline, electricity prices in Europe rose shar…
France's annual inflation rate hit 6.1 percent in July 2022, rising further from 5.8 percent in June, the highest since July 1985, the National Institute for Statistics and Economics (Insee) said.…
In the European market, due to the heat wave in Europe, the Rhine River, one of the main traffic arteries in Europe, has fallen sharply, causing logistical problems for barges transporting i…
The Nordic electricity market (Nord Pool) is reported as saying that electricity prices in Denmark are now three times higher than they were this time last year. Martin Hansen, deputy hea…
In a recent live interview with Radio Kosut, Hungarian Prime Minister Viktor Orban said the EU was wrong to impose sanctions on Russia because of the serious negative impact on the European economy. "At first I thought we were shooting ourselves in t…
In the past two months, on the background of weaker demand expectations, international crude oil prices have fallen by more than 20%. Analysts said that the poor macro data of major overseas economies, under the expectation of economic recession, cru…
The UN Secretary-General's Global Food, Energy and Financial Crisis Response Group (GCRG) issued its third report on Tuesday, warning that soaring energy prices are exacerbating the cost-of-living crisis for hundreds of millions of people as the conf…