Biden official on supply chain crunch: ‘Bumps along the way’ to reopen economy

ABC News’ Stephanie Ramos speaks with Deputy Treasury Secretary Wally Adeyemo on the Biden administration’s response to the supply chain crunch and rising prices.

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Global energy crunch stokes recovery fears

An energy crunch stokes inflation as authorities from Beijing to Delhi scramble to fill a yawning power supply gap, triggering global stock and bond market wobbles.

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Energy price crunch is temporary, says analyst

David Sekera of Morningstar talks about the global oil prices, and how the crunch is going to ease.

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Can consumers combat the energy crunch?

Gas prices continue to spike, hitting high levels for consumers and businesses, but could this volatility push customers towards greener alternatives?

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Crude jumps on global energy crunch; U.S. oil at 7-year high

Oil prices rose 2% on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and restrained supplies from major producers.

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Crude jumps on global energy crunch; U.S. oil at 7-year high

Oil prices rose 2% on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and restrained supplies from major producers.

#Oil #CrudeOil #OilPrice #GlobalEnergyCrunch #Energy #Economy #News #Reuters

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Global energy prices surge amid supply crunch

Crude oil prices jumped to a seven-year high of $80 a barrel in the U.S. amid a global surge in energy prices as demand spurred by the economic recovery outstrips supply.

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Europe grapples with energy crunch and rising prices | DW News

European households should prepare to pay even higher electricity and gas bills in the coming months. Some European countries, like Spain, are passing emergency measures like capping prices and limiting utilities’ profits. The aim is to slow down the current price hike and avoid social and political repercussions.

"Climate and energy policies have become a cleavage and conflict line in our societies. That has to be politically hedged and managed to sustain social peace and avoid ramifications on the cohesion in the European Union," Kirsten Westphal, senior analyst at the nonprofit German Institute for International and Security Affairs (SWP), told DW.

The EU has plenty of programs to intervene in long-term measures to speed up the transformation of the energy systems and promote its plan of a so-called green recovery from the pandemic. The member states, whose budgets are already overstretched, are responsible for immediate measures to curb price jumps. But Spain is now calling for "a European policy menu predesigned to react to dramatic price surges."

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China’s energy crunch threatens global supply chains, but Singapore able to weather impact: Analysts

China’s power crunch is threatening to put its economy and global supply chains into a tailspin. A rise in coal and natural gas prices, as well as efforts to cut carbon emissions, have led China to an energy crisis. The Asian giant is Singapore’s largest trading partner, but observers said the city state will be able to weather the storm.

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China seeks to quell power crunch fears

China demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s no. 2 economy grapple with power cuts that have crippled industrial output.

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