Energy crisis
Russia sees its oil output falling by up to 17% in 2022
Russian oil output started to decline in March and had fallen by around 7.5% by mid-April
OPEC has said it cannot fully Compensate for Oil Supplies from Russia
OPEC told the European Union that current and future sanctions against Russia could lead to one of the worst shocks in oil supplies and it will be impossible to replace these volumes, while the oil cartel has signaled that it will not increase yields, Reuters reported.
Inflation in Turkey reached 48.69% in January
It is the highest since last April
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Spain economy grows by 5 percent in 2021: statistics institute
Spain's economy grew by 5.0 percent in 2021, showing a remarkable bounceback from a year earlier but below the government's target, an initial estimate by the National Statistics Institute (INE) showed on Jan. 28.
Netflix Fails to Halt the Subscriber Additions Decline (infographic)
There is a continued decline which led directly to a 20 percent fall in share price off of the news
Double SOS from industry for energy cost and adequacy
The burden borne by Greek industries due to the energy crisis and the large increases in the prices of electricity and natural gas consumed for the operation of factories and the production of their products is enormous.
North Macedonia Declares ‘State of Crisis’ Over Energy
North Macedonia on Tuesday declared a "state of crisis" over energy for the next 30 days, empowering the state to intervene financially to help the two state-owned joint stock power companies, ESM and MEPSO, import more electricity from abroad.
China is Increasing Coal Production. Calls on the Population to Stock Up on Food
China is increasing its daily coal production by more than a million tons in the context of electricity shortages and at a time when leaders from around the world are negotiating in Glasgow on an agreement on how to save our planet from global warming, AFP reported.
Turkey's energy import bill up 65.7 pct in Sept
Turkey's energy import bill increased by 65.7 percent to $4.44 billion in September this year compared to the same month last year, according to data released by the Turkish Statistical Institute (TÜİK) on Oct. 27.
The overall energy import bill soared last month due to an increase in the global energy prices in the last month ahead of the winter season.
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Energy crisis – Price increases in products due to rising electricity prices
The market is facing a new round of price hikes, as everything shows, with companies declaring themselves unable to contain rising production costs.
The energy crisis is triggering another "wave" of prices rises, causing consumer dissatisfaction, and causing a reduction in purchases to what is absolutely necessary, while many are buying cheaper, lower nutritional value products.