Peak oil

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.

Greek Minister of Development – There is a possibility of taking new measures to alleviate households

The Greek Minister of Development and Investments, Mr. Adonis Georgiadis, did not rule out taking new measures in ordert to alleviate households, since, as he said, our economy is doing very well and we can come up against any problem. But such a decision, he added, is up to the Greek Prime Minister.

Economy ministry analysing energy prices situation

Ljubljana – Higher energy prices – the prices of natural gas, electricity and oil derivatives – are a major problem for the entire EU economy not just for Slovenian’s, Economy Minister Zdravko Počivalšek said in Ljubljana on Tuesday. The situation is being analysed and he hopes solutions will be found for each segment.

Europe has no Gas and on its Knees Again in Front of Russia and the United States

The energy crisis is becoming global, Bloomberg predicts today. Countries are increasingly relying on natural gas for efforts to stop burning more coal and switch to cleaner energy sources. Countries are bidding to stockpile blue fuel, and exporters like Russia are restricting exports. The situation will worsen when temperatures drop, the agency predicts.

Greek refineries stocking up on cheaper oil

The country's oil refineries, which are directly linked to the global oil market, are having to manage an unprecedented situation as a result of the volatility created by the slump in demand due to travel restrictions enforced around the world to contain Covid-19 and which sector officials describe to Kathimerini as the absolute imbalance of supply and demand.

The Impact of Covid-29 on Energy Markets

We all know that Covid-19 has impacted the world greatly. Not only is it harming people as a highly contagious virus, it is also having a significant on the world's economy. In an unprecedented time, nearly the entire human population is being asked to stay home to mitigate the spread of this disease and it is sending ripples across the economy.