IEA: Higher oil prices will have major impact on global economy The International Energy Agency (IEA) released its October Oil Market report on Thursday. The report said continued deteriorati…
In the medium term, China's domestic iron ore demand will maintain a marginal weakening trend. On the one hand, in the "strong infrastructure and weak real estate" pattern, the end demand improvement is expected to be weak, iron ore demand will also…
In the medium term, China's domestic iron ore demand will maintain a marginal weakening trend. On the one hand, in the "strong infrastructure and weak real estate" pattern, the end demand improvement is expected to be weak, iron ore demand will also…
The German import price index rose 4.3 percent month-on-month and 32.7 percent year-on-year in August 2022 due to energy shortages, the largest year-on-year increase since March 1974, data from the German Federal Statistical Office showed on October…
With the energy crisis, high inflation, and aggressive interest rate hikes by the European Central Bank, the economic outlook of the eurozone faces severe challenges. On September 13, local time, the European Economic Research Center in Germany relea…
The European Commission on Thursday proposed emergency intervention in Europe's energy markets to ease the recent sharp rise in energy prices. A much-watched proposal to cap natural gas prices was not included because of controversy.…
Global inflation is running at its fastest pace in decades this year as high and persistently volatile commodity prices, coupled with the impact of the Russia-Ukraine conflict on slowing global growth, have significantly slowed economic growth and th…
Fuel prices in South Africa have seen their biggest drop in two years since midnight local time on September 6. According to the government's price adjustment plan, the price of 93 and 95 gas…
Affected by the conflict between Russia and Ukraine, this year the European electrolytic aluminum production capacity is declining, as Russia this week stop running indefinitely "Nord stream no. 1" gas pipeline, electricity prices in Europe rose shar…
France's annual inflation rate hit 6.1 percent in July 2022, rising further from 5.8 percent in June, the highest since July 1985, the National Institute for Statistics and Economics (Insee) said.…
In the European market, due to the heat wave in Europe, the Rhine River, one of the main traffic arteries in Europe, has fallen sharply, causing logistical problems for barges transporting i…
The Nordic electricity market (Nord Pool) is reported as saying that electricity prices in Denmark are now three times higher than they were this time last year. Martin Hansen, deputy hea…