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Annual inflation eases to 4.4% in OECD amid weaker energy prices
- Energy inflation drops in 34 OECD countries in September, 17 of which already saw negative energy inflation in August
06.11.2024
Finance
Libya's oil shutdown causes over $120M in losses
- Production and exports halted after eastern government’s response to dispute over who controls central bank, with oil output falling dramatically
31.08.2024
Oil
Brent oil price falls by 10% in 2023 despite OPEC+ production cuts
- Concerns over supply disruptions triggered by Russia-Ukraine war and Israel and Palestine conflict fuel price upticks in 2023 while OPEC+'s production cuts were muted by fears of global economic recession
Widespread protests against higher electricity bills hit Pakistan
- Government cites depreciating local currency and rising oil prices for sharp rise in rates
28.08.2023
General
EU improves economic forecast due to lower energy prices
- Population expected to consume less as inflation exceeds rise in wages
Raising interest rates to combat high inflation endangers global economy
- Current economic recession worries are driven by COVID-19 pandemic, high inflation, Russia-Ukraine war and high fuel prices, says economist
Commodity prices expected to show sharpest drop since pandemic: World Bank
- Food prices anticipated to decline 8%, energy prices projected to fall 26% this year
28.04.2023
General
Nigerians express frustration over currency shortage, fuel prices ahead of polls
- Thousands unable to get new naira notes after Central Bank’s deadline
Highlights of global energy market in 2022
- Supply disruptions driven by Russia-Ukraine war, skyrocketing energy prices mark tumultuous past year
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Russia to reduce gas exports by about 25% by year's end: Deputy premier
- At end of 2022, gas production will be 12% less than previous year, says Alexander Novak
Increasing renewable energy capacity helps to reduce inflation, Turkish study says
- Growth of renewables stands out as one of key strategies in fighting inflation, economists point
15.12.2022
General
Increasing renewable energy capacity helps to reduce inflation, Turkish study says
- Growth of renewables stands out as one of key strategies in fighting inflation, economists point
EU leaders to discuss energy crisis at upcoming summit
- ‘The focal point of our agenda is the energy crisis,’ says European Council president in his invitation to leaders
Europe’s energy woes drag on as skyrocketing energy bills, strikes hit countries
- German health minister warns of hospital closures due to energy crisis as strikes in France continue
More Germans seek help from food banks, charities as energy crisis worsens
- Mother of 5 tells Anadolu Agency how lower-income households are struggling with inflation, soaring energy bills
Energy crisis and inflation biggest concerns for Germans
- Inflation and energy crisis worries Germans more than war in Ukraine, poll finds
Brent records more than 2% loss over recession fears
-Rising value of US dollar is also pressuring oil prices, making dollar-indexed oil more expensive for buyers
Inflation woes, hawkish policies fuel commodity worries
- Commodity prices declined last week, gold slipped to lowest point since April 2020
Italian retailers put their energy bills on display as they fight for survival
- Owners of bars, restaurants seek urgent help from government after seeing their energy costs triple from a year earlier
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European stock markets open higher after central bank's historic rate hike
- STOXX Europe 600 up 0.68%, UK's FTSE 100 rises 0.61%
Germany unveils new relief package amid record energy prices
- Scholz announces $65B economic relief package to support people struggling with inflation, rising energy bills
Despite rising energy costs, Japan to maintain sanctions on Russia
- Premier Kishida directs officials to ‘address rising energy prices prompted’ by Ukraine war
Germans feeling the squeeze over surging food, energy prices
- Middle- and low-income families say they’re struggling to make ends meet amid high inflation, soaring energy bills
US Senate passes sweeping climate, health care and tax bill
- After marathon debate, Senate approves legislation, also known as Inflation Reduction Act of 2022, in 51-50 vote
Can 'Inflation Reduction Act' really act on ever-rising prices in US?
- While legislation will have limited impact on inflation, economists argue, US economy may become less dependent on int'l energy prices in long run
France embraces sobriety measures as energy crisis, inflation hit Europe
- Households, businesses implementing small measures to conserve energy, reduce greenhouse gas emissions
IMF again cuts US growth forecast to 2.3% for 2022
- Rapid demand recovery, rising energy prices, global supply disruptions led to acceleration in inflation, IMF says
US Fed's report highlights rising concerns about recession
- Chatter about future recession has increased with reports of layoffs, attrition, hiring freezes, says Fed
US near-term inflation expectations hit record high: Survey
- Annual consumer inflation in US expected to show increase of 8.8% in JuneNATURAL GAS MARKET (TL/1000Sm³)
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