Energy prices skyrocket as the global energy crisis worsens
- Oct 13, 2021 7:49 am GMT
Energy prices, including of base commodities like natural gas, crude oil and coal are climbing around the world – especially in the last 3 months, amid a perfect storm of extreme weather, rising power demand, and supply constraints.
This is upending global markets, with China and India facing electricity crises while a dozen power and fertilizer companies in Europe and the UK have either suspended operations in some plants, or are looking at going belly-up in the face of sky rocketing gas prices.
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