As world energy leaders prepare to kick off a major United Nations conference on climate change on Sunday, nations are turning back to coal as natural gas falls into short supply. But the shortage will prove to be temporary. … READ MORE >
energy prices
China reacts to energy crunch with coal price reform
The global energy crunch continues and all eyes are on China—the world’s largest energy exporter—as the country grapples with ongoing shortages and their ripple effect across the nation’s economy and key commodities, especially metals crucial in the manufacturing sector. … READ MORE >
Global natural gas prices hit record as middle market girds for difficult winter
Global natural gas prices have climbed to record highs amid soaring demand fueled by the reopening economy and tight supplies. As power outages halt manufacturing and threaten climate commitments, businesses and consumers should brace themselves for a difficult winter. … READ MORE >
3 things to know in energy: Surging prices, Permian Basin shifts, Canada’s election
Examining the crunch caused by surging energy prices and decreased suppply, how shifting assets in the Permian Basin might affect the industry, and what the results of Canada’s federal election might mean for the energy policy. Here’s the latest. … READ MORE >
Natural gas shortage and soaring prices threaten economic growth
Soaring gas, oil and coal prices point to an energy shortage across the globe, from the United States to Europe and China. The crunch has the potential to turn into a crisis if not managed, and has already caused industrial and residential power outages, threatened economic growth and jeopardized climate goals. … READ MORE >
Amid Ida’s devastating human toll, the national economic damage is likely to be limited
In our estimation, the disruption to economic activity, including higher energy prices, supply chain disruptions and extensive property damage, will result in a 0.2% drag on American gross domestic product in this quarter. … READ MORE >