marketcrash
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04/05/2022
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By News Editors
President Putin’s full remarks at the oil for ruble announcement
Today I have signed an Executive Order that establishes the rules for trade in Russian natural gas with so-called unfriendly states. We offer counterparties from such countries a clear and transparent scheme. To purchase Russian natural gas, they must open ruble accounts in Russian banks. It is from these accounts that payment will be made […]
03/23/2022
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By Arsenio Toledo
Production costs in Germany rise by record-breaking 25.9% due to ongoing energy crisis
German producers reported a record-breaking rise in factory gate costs of 25.9 percent year-on-year for February, pushed upward mainly due to the ongoing energy crisis caused by Germany’s green policies and the war in Ukraine. This data is according to the Federal Statistics Office, a German federal authority responsible for collecting statistical information. The office added that […]
03/04/2022
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By Cassie B.
Energy markets in turmoil as European gas climbs 60%
Commodity markets have been experiencing a huge upheaval thanks to President Vladimir Putin’s invasion of Ukraine, with European natural gas rising by as much as 60 percent on Wednesday as Russia’s descent into a commercial pariah continues. Dutch gas, the European benchmark, climbed to a record high of nearly 195 Euros per megawatt-hour at one […]
03/03/2022
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By Kevin Hughes
US oil prices rise to a 7-year high as conflict between Russia and Ukraine continues
As Russia continued its assault on Ukraine’s capital Kiev, oil prices continued to rise Tuesday, March 1, with the U.S. crude reaching its highest level since June 2014. West Texas Intermediate crude futures, the U.S. oil benchmark, surged 11.5 percent to $106.78 per barrel at its peak for the day. It dropped during the afternoon trading and […]
10/19/2021
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By Mary Villareal
Natural gas shortages prompt power plants to switch to oil
Natural gas and coal prices have pressured power-generation companies to switch to using oil, which could mean an additional half-million barrels a day added to the global oil demand. In its monthly market report, the International Energy Agency (IEA) has increased its global oil demand forecasts for the year and the next by 170,000 and 210,000 […]
10/15/2021
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By Arsenio Toledo
Extended energy supply shortage looms as prices for oil and natural gas soar
The prices of oil and natural gas have been on an extended climb, a trend that is warning America that energy supply shortages will soon become more commonplace. On Monday, Oct. 11, the price of U.S. crude oil rose by 1.5 percent to $80.52 a barrel. This is the first time the price of crude […]
10/12/2021
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By Arsenio Toledo
Price of coal futures in China surges as heavy rains force mines to close, worsening country’s energy crisis
Torrential rains in one of China’s northern provinces have forced coal mines to shut down, worsening the communist nation’s energy crisis and leading to a spike in coal futures. Shanxi, around 300 miles to the southwest of Beijing, has experienced record-breaking rainfall over the weekend. This has led to over 120,000 people being evacuated from flooded areas […]
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