This is worrying for the US Fed and fellow central banks as they seek to contain the strongest price pressures in decades without derailing recoveries from the pandemic. Hong Kong: Oil’s surge toward $100 a barrel for the first time since 2014 is threatening to deal a double-blow to the world economy by further denting […]
OPINION: Worldwide energy shortage shows up in surging coal, gas and oil prices – EQ Mag Pro
In the aftermath of the coronavirus recession, energy production has failed to keep up with rapid growth in consumption as energy producers struggle to raise output while demand has bounced back quickly. LONDON : Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the United States and oil […]
BP Returns to Profit As Oil Prices Recover
Net profit for April-June hit $3.1 billion (2.6 billion euros). That compared with a loss after tax of $16.8 billion in the second quarter of 2020 London : BP returned to profit in the second quarter, the British energy giant announced Tuesday, having posted a hefty loss one year earlier as the pandemic crushed oil […]