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Tag: Energy prices


News

An inflation gauge tracked by the Fed slows to still-high 6%

December 1, 2022

Via: ABC News

A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of […]


News

Inflation in Europe eases but still in painful double digits

November 30, 2022

Via: ABC News

Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and […]


News

Rising energy and food bills tip inflation to highest level since 1981 at 11.1%

November 16, 2022

Via: Sky News

The Office for National Statistics (ONS) revealed the increase, from 10.1% in September, as the cost of light and heating for homes rose further despite help from the government’s energy price guarantee that limits wholesale charges for gas and power. […]


Energy, Industries

EU faces battle to keep energy prices from tanking economy

October 18, 2022

Via: ABC News

European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies do not further tank their struggling economies and foment unrest. At the same time, they need to keep all 27 members united […]


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 […]


Finance Tech, Liquidity

EUR/USD Slides Further on Energy Woes and US Dollar Flex

August 18, 2022

Via: DailyFX

German energy giant Uniper posted a staggering EUR12 billion loss for H1 2022 on Wednesday as the energy crisis in Europe’s largest member state continues. The company was given a EUR15 billion bailout in July – for 30% of the […]


News

EU leaders tackle inflation, energy shocks from Russia’s war

June 24, 2022

Via: ABC News

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat […]


Energy, Industries

WTI Crude Update: EIA See Demand Growth Return in 2023, Oil Sharply Lower

June 20, 2022

Via: DailyFX

Consumers will be glad to see oil prices softening on the back of Friday’s decline although it may be some time before this translates into lower prices at the pumps. The question of demand destruction has resurfaced after the Fed […]


Industries, Manufacturing

May US producer prices soared 10.8 % as energy prices jumped

June 14, 2022

Via: ABC News

U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing. Thursday’s report from the Labor Department showed that the producer price index — which […]


Energy, Industries

More than half of UK households cutting back on gas and electricity use due to cost of living crisis

June 10, 2022

Via: Sky News

A survey carried out by the Office for National Statistics (ONS) revealed that 52% of Britons are using less gas and electricity in a bid to cut down costs. The poll, carried out between 25 May and 5 June, also […]


Energy, Industries

EU allows Spain, Portugal to spend to ease energy prices

June 9, 2022

Via: ABC News

The European Union will allow Spain and Portugal to use billions of euros in state aid to help ease the burden of spiraling electricity prices on consumers in the Iberian Peninsula as Russia’s war in Ukraine exacerbates an energy squeeze. […]


Energy, Industries

OPEC+ alliance boosts oil production as energy prices soar

June 2, 2022

Via: ABC News

The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices and the resulting inflation. The decision […]


Energy, Industries

U.S. oil drilling, output moving higher with energy prices

April 14, 2022

Via: Investing.com

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as […]


Energy, Industries

High energy costs are hitting UK; it’s about to get worse

April 1, 2022

Via: ABC News

Tia Rutherford is worried about her 3-year-old son. As energy prices soared last fall, she tacked fleece blankets over her doors and windows to keep the cold out and started serving Jacob breakfast in his room so she didn’t have […]


Energy, Industries

Energy price cap shake-up could see households locked into six-month deals

December 15, 2021

Via: Sky News

The deals, similar to fixed-term mortgages, would see users pay a tariff set by the regulator in the month their contract starts and be subject to exit fees if they leave early. It is one of three proposed alternatives set […]


Energy, Industries

Energy prices lift oil and gas stocks, weigh on the economy

October 28, 2021

Via: ABC News

Energy prices are soaring in 2021 and oil and gas stocks are the clear winners, but the losers might just turn out to be businesses and consumers. The energy sector has far outpaced the broader market in 2021. The S&P […]


News

White House: Biden will discuss energy prices, supply chain woes on G20 trip

October 26, 2021

Via: Investing.com

President Joe Biden will discuss energy prices, the Iranian nuclear program and supply chain issues during his trip to Europe this week to attend a meeting of G20 leaders, U.S. national security adviser Jake Sullivan said on Tuesday. Biden will […]


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 Oil Prices Extend Lower Amid Weaker US and Chinese Data

August 16, 2021

Via: DailyFX

Crude oil prices extended lower during Monday’s APAC mid-day session, marking a three-day decline of 2.35%. The release of poorer-than-expected Chinese industrial production and retail sales figures weighed on energy prices, showing that the world’s second-largest economy is struggling to […]


News

UK inflation jumped 1.5% in April as the economy reopened and Brits boosted their spending

May 19, 2021

Via: Markets Insider

UK inflation more than doubled in April as the economy reopened and energy and clothing prices climbed sharply, official figures showed Wednesday, rising at its fastest pace in more than a year. Headline consumer price index inflation rose 1.5% in […]