With rising energy prices and the threat of supply disruptions, the European Union is forced to strike a balance between staying on the path to neutrality and ensuring affordable energy for households and businesses across the bloc. ADVERTISING ADVERTISING The EU’s plan to reduce carbon dioxide emissions and achieve climate change by 2050 is facing … Read more
Governments across Asia are increasing their use of coal, the dirtiest fuel, as they try to cover the huge energy deficit caused by the US-Israel war against Iran. This process has produced warnings from climate experts who point to the negative environmental impact of coal, and they say that the energy crisis should be an … Read more
The Iran war is causing the greatest power in decadesit still does not expect the end. As the war halts shipping through the Strait of Hormuz, which normally carries a fifth of the world’s daily oil supply, prices rise, countries rise. food supplyand governments are scrambling to find alternative sources of energy. Iran is also … Read more
President Donald Trump’s war against Iran is clashing with US bond investors, who have shown little appetite for Treasury securities as they hope the war will end soon. This past week, auctions of two-, five- and seven-year Treasury notes all attracted weak demand, forcing yields higher than expected. That’s a big difference from last month, … Read more
A world dependent on oil is in crisis. Shipping traffic in the Strait of Hormuz – through which more than a quarter of the world’s marine oil trade and a fifth of the world’s natural gas flows – has come to a standstill! Oil prices rose, briefly reaching $119 a barrel. The largest release of … Read more