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Tag: energy crisis


Energy, Industries

EU leaders struggle to bridge gas price cap divide

October 7, 2022

Via: ABC News

European Union leaders converged on Prague Castle on a crisp Friday morning to try to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war on Ukraine fuels a major energy crisis. The price cap […]


Energy, Industries

Lights out, ovens off: Europe preps for winter energy crisis

September 26, 2022

Via: ABC News

As Europe heads into winter in the throes of an energy crisis, offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat their ovens are talking about giving up, while fruit and vegetable […]


Energy, Industries

Energy crisis: EU chief wants to tap excess producer profits

September 14, 2022

Via: ABC News

A top European Union official unveiled a plan Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia’s war in Ukraine and climate change, saying the proposal could raise $140 billion […]


Energy, Industries

EU nations struggle to find joint approach on energy prices

September 9, 2022

Via: ABC News

European Union nations struggled to find common ground Friday on ways to shield the population from dramatically increasing energy prices that threaten to plunge millions into cold and poverty over the winter as Russia chokes off natural gas supplies. As […]


Energy, Industries

Britain to see 80% spike in energy bills as crisis worsens

August 26, 2022

Via: ABC News

Jennifer Jones keeps feeding money into her energy meter, but it never seems to be enough. And when she can’t pay, she feels the impact immediately. The power in her London home has gone off suddenly three times recently, once […]


Energy, Industries

Saudi Aramco’s profits shoot up 90% to another record as the energy crisis sends oil prices soaring

August 15, 2022

Via: Markets Insider

Saudi Aramco has posted an eye-watering 90% jump in quarterly profit, notching another record as oil prices soar during the energy crisis. Saudi Arabia’s state oil and gas company pulled in $48.4 billion in the second quarter of 2022, according […]


Energy, Industries

EU moves toward joint natural gas purchase to curb shortages

March 22, 2022

Via: ABC News

The European Union is moving toward the joint purchase of natural gas and ensuring its storage facilities are nearly full to try to avoid another crisis tied to its dependency on Russian energy, officials said Tuesday. The 27-nation bloc acknowledges […]


Energy, Industries

Energy crunch hits global recovery as winter approaches

October 19, 2021

Via: ABC News

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are rising […]


Energy, Industries

Crude jumps on global energy crunch; U.S. oil at 7-year high

October 11, 2021

Via: Investing.com

Oil prices rose more than $2 on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $2.17, or 2.6%, at $84.56 a barrel […]