marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
energy crisis
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 […]
01/07/2022
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By Ramon Tomey
Kosovo BANS crypto mining in order to save energy during power shortage
The southeastern European nation of Kosovo imposed a ban on cryptocurrency mining to reduce its energy consumption. The ban enacted Jan. 4 came amid the former Yugoslavian territory facing its worst power shortage in decades. In a statement, Kosovar Economy and Energy Minister Artane Rizvanolli said: “All law enforcement agencies will stop the production of […]
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 […]
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