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...

A new $5 billion loan from the IMF would help persuade Ukraine's other creditors that the war-torn country's macroeconomic situation was under control, according to President Volodymyr Zelenskiy's main economic adviser on Friday.   According to the consultant, Oleg Ustenko, fresh financing...

Russia's GDP declined 4.0% year on year in the second quarter of 2022, the first full quarter of what Russia calls a "special military operation" in Ukraine, according to preliminary figures released on Friday by the government statistics service Rosstat.   After Moscow pushed its armed...

According to the organization's August report, OPEC members again produced below the levels allowed under the OPEC+ agreement. Thus, they satisfied the agreement by 412% even though OPEC oil output increased by 162,000 bpd in July to 28.84 million bpd from June. "Secondary sources indicate that in...