The impact of Russia’s sudden block of natural gas taps to Europe has saturated manufacturers and businesses in fresh risks. Energy prices climbed so fast that some factory owners had to rewrite business forecasts six times in two months. Recently, some manufacturers have put a third of their employees on …
Read More »Villeroy: Markets May Have Overreacted to ECB
Investors may have over-reacted to what they see as a hawkish pivot from the European Central Bank, Bank of France Governor Francois Villeroy de Galhau said. French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at …
Read More »Volatile Natural Gas Market Leads to More Dependence on Coal
A new report from Rhodium Group suggested that the United States may have to play catch-up to regain progress in the fight against climate change following a year of volatile natural gas prices that led to more reliance on less expensive coal increased greenhouse gas emissions in 2021. In its …
Read More »Brent Crude Futures Are Down in Limited Trading After a Three-Day Rally
Brent crude futures edged higher to USD 74.2 per barrel on Wednesday, after rebounding more than 3% in the previous session, as shrinking inventories and an energy crunch in Europe more than offset worries about new restrictions to combat the Omicron spread that could dent fuel demand. Oil prices fell …
Read More »Oil Futures Higher, Brent Firmer After US Inventories Data
Brent crude futures edged higher to USD 74.2 per barrel on Wednesday, after rebounding more than 3% in the previous session, as shrinking inventories and an energy crunch in Europe more than offset worries about new restrictions to combat the Omicron spread that could dent fuel demand. Government data showed …
Read More »Bitcoin Miners Flock to Texas
Everything is bigger in Texas. Problems with its electric grid and energy demand for bitcoin is no exception. A new analysis shows that the electric grid is just as vulnerable to crises and blackouts as it was before February’s blackouts just as the state is gearing up to turn into …
Read More »Will fuel prices push Germany to nuclear power?
Stock market price for electricity has risen by 140% since January in Germany. Experts say energy prices are driven up by natural gas cost, which has surged by 440% since the beginning of 2021. Energy prices for households in Germany have surged only 4.7% in the first half of 2021, …
Read More »Supply chain disruption threatens Black Friday shopping
Retailers are racing to import the goods and gadgets for consumers to buy during holiday shopping season, the growing list of shortages has made it difficult for them to find enough stock. Due to inflation concerns, consumers expect higher prices, delays, and opportunistic resellers as Black Friday and Cyber Monday …
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