As world energy leaders prepare to kick off a major United Nations conference on climate change on Sunday, the global energy crunch has added a new wrinkle to their ambitions: Nations, to keep their economies on track, are turning back to high-emissions coal as natural gas falls into short ... READ MORE >
energy prices
China reacts to energy crunch with coal price reform
The global energy crunch continues, marked by surging commodity prices and building speculation around supply. This week, eyes are on China—the world’s largest exporter of goods—as the country grapples with ongoing shortages and their ripple effect across the nation’s economy and key commodities, ... 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 of the economy and tight supplies. As power outages halt manufacturing and threaten climate commitments, businesses and consumers should brace themselves for a difficult winter. Middle market firms ... READ MORE >
3 things to know in energy: Surging prices, Permian Basin shifts, Canada’s election
In this week's energy industry analysis, we look at the crunch caused by surging prices and decreased supply, how shifting assets in the Permian Basin might affect the industry, and what the results of Canada's federal election might mean for energy policy. Here’s the latest: 1. Energy shortage and ... READ MORE >
Natural gas shortage and soaring prices threaten economic growth
Soaring natural gas 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 ... READ MORE >
Amid Ida’s devastating human toll, the national economic damage is likely to be limited
Even as Hurricane Ida leaves a trail of disrupted lives, destroyed homes and shattered communities in its wake, the Category 4 storm will in the end most likely have a modest impact on overall U.S. economic activity. In our estimation, the disruption to economic activity, including higher energy ... READ MORE >