Topline Soaring energy prices triggered by Russia’s invasion of Ukraine could have pushed millions of people around the world into extreme poverty in 2022, researchers warned on Thursday, urging gover...
Tag: energy prices
Inflation Cools, But Less Demand Doesn’t Mean Recession Imminent
Eggs are displayed at a grocery store, Wednesday, Jan. 11, 2023, in Marietta, Ga. The national … [+] average price for a dozen eggs hit $3.59 in November, up from $1.72 a year earlier, according...
The Year In Energy Prices
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe a...
No Relief Today, Nor Any In Sight
President Joe Biden gestures. (Photo by Andrew Caballero-Reynolds / AFP) (Photo by ANDREW … [+] CABALLERO-REYNOLDS/AFP via Getty Images) AFP via Getty Images For a couple of months this past sum...
Putin Warns He’ll Freeze Energy Supplies To The West If Price Caps Are Imposed
Topline Russian President Vladimir Putin on Wednesday doubled down on threats to cut off all energy supplies to Western countries if they impose price caps on its oil and gas exports, ratcheting tensi...
Inflation Break?
Gasoline prices last spring. (Photo by Win McNamee/Getty Images) Getty Images July brought a measure of relief on the inflation front. Because of a 4.6% drop in energy prices, the overall consumer pri...
Gazprom Cuts Gas Supplies To Poland And Bulgaria
Topline Russian energy giant Gazprom halted gas supplies to Poland and Bulgaria over their failure to pay for gas in rubles, the state-owned company announced on Wednesday, as the Kremlin retaliates a...
Experts Believe Inflation May Have ‘Peaked,’ But Prices Will Remain Elevated This Year
Topline Despite consumer prices hitting a new four-decade high last month, the latest data show several signs that prices may be moderating slightly, with economists now predicting that inflation may ...
Buffett Buys More Occidental Shares—Here’s How His Top Holdings Have Fared In This Year’s Brutal Market
Topline Billionaire investor Warren Buffett continues to see opportunities in the stock market despite a sell-off in recent months, recently snapping up more shares of energy company Occidental Petrol...
Economic Fallout From Russia’s Invasion Will Be ‘Modest’—But Inflation Will Surge Higher, This Expert Predicts
Topline While Russia’s invasion of Ukraine is taking a “massive” human toll, the global economic fallout is likely to remain “modest,” according to a recent note from Moody’s Analytics chief economist...
Russia’s Invasion Of Ukraine Has Sent Energy Prices Soaring—Here’s How High Oil Could Rise
Topline Oil prices have continued to skyrocket this week—with Brent crude briefly rising above $100 per barrel for the first time since 2014—as Russia launched its invasion of Ukraine, and although pr...
Dow Drops 700 Points, Nasdaq Falls Into Bear Market After Russia Invades Ukraine
Topline The stock market plunged on Thursday, with all three major indexes opening more than 2% lower after Russian troops invaded Ukraine, a move which caused oil prices to rise to over $100 per barr...