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...

Prices for natural gas are rising and will continue to do so as the supply is getting harder to come by. Consumer nations are thus turning more and more to less eco-friendly and less affordable alternatives, according to Reuters. According to S&P Global Commodity Insights, as of August 12, gas...

The Japanese economy recovered from a COVID-induced slowdown at a slower-than-expected pace in the second quarter, according to statistics released on Monday, raising concerns about whether consumption will increase sufficiently to support the country's long-delayed, shaky recovery.   The...

In an unexpected move on Monday, China's central bank reduced a key interest rate for the second time this year and withdrew some cash from the banking system in an attempt to stimulate credit demand and sustain the COVID-hit economy.   Economists and observers say Chinese authorities are...

At a press conference about economic indicators for July on Monday, Fu Linghui, a spokesman for China's State Statistics Office, stated that while the Chinese economy is still recovering, the foundation for such a recovery is still not strong enough due to the rising risk of stagflation in the...