Chinese energy shortages may be local, but consequences are global!

Although the price of crude oil went slightly down this week, having reached a seven-year-high value, analysts do not anticipate a precipitous fall in the coming weeks, especially when the winter is on the horizon as far as many industrialized nations are concerned. As of 18:00 GMT on Friday, the t…

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China tackles coal shortage with touch measures on speculations and hoarding

The price of crude oil fell on Wednesday, something that certain analysts were quick to associate with the US crude oil builds during the past week, confirmed by the latest data. The API, the American Petroleum Institute, said on Tuesday that the US crude inventories rose by 2.3 million barrels for …

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Turing to coal can wipe out years of achievements on reducing carbon emissions

The price of crude oil continues to rise in the international markets, leaving the political leaders across the world in an anxious lurch, when manufacturing hubs have acutely start feeling the pinch due to rising energy costs. As of 2:00pm GMT, the prices of WTI and Brent were at 7-year-high, with …

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Crude oil price to go up due European Gas Crisis: Moldova declares energy emergency!

Moldova, the former Soviet Republic sandwiched between Ukraine and Romania, declared a state of energy emergency in the afternoon on Friday, increasing the pressure on natural gas markets and of course, oil markets too as an inevitable consequence in the end. Russian energy giant, Gazprom, had been …

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European gas crisis seems to be on the wane

There are good signs that the European gas crisis that reached an alarming level during the past few weeks is finally easing, as the very natural factors that triggered it off, appears to be in the reverse mode. As far as the United Kingdom is concerned, as of Tuesday, the share of renewables to the…

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China's Economic Woes in the Q3: how will it affect the global energy markets?

China admitted on Monday that its economic growth slowed down in the third quarter, Q3 and cited the main causes behind it. The power outages come at the top of the list, followed by the supply bottlenecks, woes in its vast property sector and of course, the random outbreaks of the Delta variant of …

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The Great Energy Jigsaw: rising commodity price, rig count and US crude inventories

The oil price is on the rise and so is the US rig count – and US crude inventories - yet there are no signs of oil price reaching equilibrium, safeguarding the interests of both the consumers and producers. The rising oil price is affecting the consumers and economists warn about an inflationary sto…

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Why do US crude inventoreis rise, when oil prices soar?

Defying logic, the US crude inventories rose for the third successive week, according to the data released by the EIA, US Energy Information Administration and the API, American Petroleum Institute. The API said on Tuesday that the US crude inventories rose by staggering 5.21 million barrels; the E…

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The EIA predicts higher fuel bills for US consumers this winter: the energy crunch shows no sign of abating

There is no sign of let-up in the global energy crunch as of this week, as the chaos in supply chains grows unabated alarmingly. Long standing, sometimes running centuries back, political rivalries hardly help alleviate a catalogue of crises stemmed from the same problem that needs collective globa…

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Floods in Chinese Coal-mining regions: doule whammy is not just for China!

China’s energy crisis was dealt a new blow on Monday as two key regions in the north, Shanxi and Shaanxi provinces, experienced heavy floods. The Chinese government, according to media reports, allocated over $12 million for those who had been affected by the disaster. In addition, some major busine…

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Global energy crisis: no magic bullet in the offing

The price of crude oil reached record high on Monday as the worries over the supply of fuel for the winter months in Europe and America are growing by the day. At present, the Western policymakers do not know what to do in order to alleviate the crisis: gas has been in short supply for weeks and th…

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Rising energy prices: no solution without turning back to fossil fuels - at least in the short-run

Although China made it clear recently that China was committed to meets its global obligations, when it comes to curtailing the greenhouse gases, the reality on the ground has forced some regional powers within the country to dealing with the acute power shortages, especially in the northeast regio…

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