European power prices surged to record highs over the past couple of days after France announced the closure of four of its largest nuclear reactors. The crisis is further exacerbated by already very high prices of natural gas and cold temperatures. By the end of…
Natural gas prices in Europe soared again on Tuesday, November 16, 2021, as the German Federal Network Agency — Bundesnetzagentur — suspended the process of certifying the new Russian gas pipeline called Nord Stream 2. The pipeline was completed in September…
China, which in recent years has been among the world's leading powers, is faced with a problem that is more characteristic of third world countries. Power shortages have recently become so severe that factories across China are closing, and the problem is…
Coal shortages are causing unprecedented power outages in parts of China ahead of the winter season, affecting the country's economy and increasing global supply chain chaos. It's estimated that around 44% of China's industrial activity is affected by…
Natural gas prices have soared by almost 500% in 2021 and with another winter just around the corner gas is trading at near-record values. While European countries attempt to outbid one another for supplies from major exporters it's inevitable that utilities…
