Oil Prices – The Diplomatic Envoy

FOCUS on the Global Energy Crisis: Europe

September 26, 2022September 25, 2022 Drew Starbuck 0 Comments Ukraine, Russia, European Union, Europe, Energy crisis, Oil Prices

Germany, along with the greater European Union, has promised to boost its lending to major energy firms as rising energy prices threaten to extend their crushing grip on the industry. According to Reuters, the European Commission has targeted specific paths to reduce electricity consumption along with placing a revenue cap on non-gas fueled plants.

Energy Crisis September 2022 Focus Asia

FOCUS on the Global Energy Crisis: Asia

September 26, 2022September 25, 2022 Anna Thibodeau 0 Comments Russia, Asia, Energy crisis, Oil Prices

COVID-19, climate issues, and supply and demand problems have driven gas and oil prices up since 2020, Foreign Policy says. Now, with sanctions placed on Russia due to its ongoing war on Ukraine, a large part of the world’s oil supply is cut off and supply and demand has gotten even worse.