How US-Israeli war on Iran is upending global business
- 10-Mar-2026
The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below are the main disruptions so far: TRAVEL CHAOS The war has closed much of the […]
UK rules out zonal energy pricing move
- 10-Jul-2025
LONDON- July 10, 2025: UK’s government will not move to a zonal system for wholesale energy prices but instead seek to take greater control of the planning process to determine where clean energy infrastructure is built. Britain, which has some of the highest electricity costs in the world, is grappling with how to build new […]
Pakistan to save $3-3.5B as international oil prices drop
- 23-Sep-2024
ISLAMABAD: A significant expected decline in oil prices in the global market is going to bring considerable economic relief to Pakistan, yielding annual energy import savings of $3.0 to $3.5 billion. As crude oil prices have fallen to a three-year low of below $70 per barrel, with forecasts predicting further drops to around $60 per […]
Britain’s energy price cap to fall 14% in April
- 20-Dec-2023
Britain’s domestic energy price cap is expected to fall in April, reflecting a significant decline in wholesale energy prices since mid-November, analysts at Cornwall Insight said on Wednesday. Cornwall Insight forecasts Ofgem’s price cap will in April fall to 1,660 pounds ($2,100.90) a year based on average use, down 14% from 1,928 pounds a year […]
Energy markets start 2023 with biggest weekly dive in years
- 07-Jan-2023
Energy futures for crude oil, refined products and natural gas have plummeted in the new year as traders reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts. Prices rose last year on worries of Europe freezing due to the loss of Russian fuel, as OPEC+ cut production targets and as […]
Textile sector on its knees after rising energy prices
- 16-Dec-2022
LAHORE: The textile sector is going through a severe crisis due to skyrocketing energy prices as 150 textile mills shut down in the last five months, ARY News reported on Friday. According to the details, a total of 150 spinning and weaving textile mills in the country were closed in the last five months due […]
EU leaders clash over how to tackle energy prices
- 21-Oct-2022
EU leaders clashed Thursday over how to ride out Europe’s energy shock, with traditional partners France and Germany at loggerheads over imposing a cap on gas prices pushed skywards by the war in Ukraine. The bloc’s 27 member states have been squabbling for months over measures to lower energy bills, and a Brussels summit began […]
Germany’s bakeries burnt by rising energy prices
- 09-Sep-2022
German bakery owner Peter Hemmerle is expecting his company’s annual electricity bill to quadruple to 1.2 million euros as energy prices have risen since the outbreak of the war in Ukraine. His Heinz Hemmerle bakery in Muelheim an der Ruhr depends on electricity to run its kneading machines and cooling rooms, while its ovens run […]
Biden heads to G20 to talk energy prices, supply chain woes
- 27-Oct-2021
WASHINGTON: President Joe Biden, hoping to signal U.S. re-engagement with allies after four years of Donald Trump’s “America First” policies, heads to a meeting of G20 leaders in Europe this week to discuss energy prices, the Iranian nuclear program and supply chain issues, U.S. national security adviser Jake Sullivan said on Tuesday. Biden will also […]