According to a Reuters poll, the latest recovery in European shares is set to stop and not reclaim end-of-year levels for more than a year, surmounted by concerns of an energy supply scarcity, slowing growth, and very high inflation.   The median forecast from an August 9-23 poll...

The German Economics Ministry does not believe that the aid package for the energy company Uniper has to be strengthened, according to Beate Baron, the ministry’s spokesperson. When asked if the ministry saw the need to increase help in light of the overall tense situation in the energy industry,...

According to Reuters, which cited an anonymous official of Joe Biden administration, the United States will unveil a new $3 billion military aid package for Ukraine on Wednesday, August 24. This will be the largest tranche for Kiev in six months. The aid program is expeted to arrive on August 24,...

Analysts explain this by anticipated good crop in the northern hemisphere, and the return of Ukrainian exports through Black Sea ports. Early in March, just after it was announced that Russia had begun its invasion in Ukraine, wheat prices globally reached new records. The price of U.S. wheat...

According to a survey released on Tuesday, business activity in the eurozone was down for the second consecutive month in August because of the cost of living crisis which forced customers to cut back on spending and supply disruptions continued to...

Large gas resources were found 160 kilometers off the coast of Cyprus in the Cronos-1 well, according to news releases from French TotalEnergies and Italian Eni. Eni announced the discovery of large gas resources in the Cronos-1 well, which was drilled in Block 6 at a depth of 2,287 meters and 160...

According to data from Vortex cited by Bloomberg, five ships with a combined capacity of nearly 3 million barrels of diesel are slated to ship from Asia to Europe in August. Thus, diesel shipments may surpass their previous five-month high. According to Bloomberg, the rise in diesel fuel exports...

Pressure on important areas of the global economy is rising as a result of the energy crisis. According to Bloomberg, producers of steel, fertilizers, sugar, and metals are being pressured to reduce manufacturing costs. Manufacturing of solar energy and materials used in electric car batteries are...

In the midst of a European energy crisis, the United Kingdom has begun importing liquefied natural gas from Australia, according to information from the energy analyst firm Kpler, according to Bloomberg news agency. Australia has not provided LNG to Europe since 2016, according to the agency. The...