Fuel prices and economic choices
We are living in interesting times, things changing so fast. Change is the basic fact of life. Those who embrace it, win the battles of life. Those who avoid it,…
Soaring prices fuel anti-ECB sentiment in Germany
As inflation soars to its highest level in three decades in Germany, Simon and Lena Wendland, parents of newborn twins, say that their lives have become more uncertain. Their power…
Food and fuel
THERE is an inherent bond between fuel prices and agricultural production: higher oil prices lower the affordability of energy in agricultural production and supply, which, in turn, increases the price…
Rising energy prices: adverse impact on masses
In Pakistan, 64 percent of total energy demand is met by fossil fuels, while hydropower’s and renewables’ share remained at 27 percent and 9 percent, respectively, in 2022-23. The fossil…
As El Nino bites, Indonesians struggle with record-high rice prices
It was still pitch-black outside when Indonesian housewife Sutinah made her way to a local police station early one morning last month, hoping to avoid queues and take advantage of…
Europe-bound diesel, jet fuel cargoes divert from Red Sea
At least four tankers transporting diesel and jet fuel from the Middle East and India to Europe are taking the longer route around Africa to avoid the Red Sea, ship…
Markets outpace central banks as rate cut bets fuel ‘everything rally’
Markets have raced ahead of the US, euro zone and UK central banks to price in sizeable and frenetic interest rate cuts next year, fueling a so-called everything rally that…
‘Transitioning away’ from fossil fuels
COP28 has ended with a compromise solution. There was one side, led by the developed countries, and climate activists which emphasized fast-tracked and definite end to fossil fuel. There was…
Texas battery rush: Oil state’s power woes fuel energy storage boom
BlackRock, Korea’s SK, Switzerland’s UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power…
LNG imports test EU resolve to quit Russian fossil fuel
Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied natural gas (LNG).…
