Tue, 21-Oct-2025

Global energy crunch may inflate prices

global energy

BEIJING: Continuing geopolitical tensions like those involving Russia and Ukraine have further tightened global energy supplies and are expected to push commodity prices higher, which will make the ongoing fragile global economic recovery more challenging, analysts said. Any escalation in hostilities will likely pose a significant risk to commodity exports and supplies and further inflate … Read more

IEA urges Opec to take ‘necessary steps’ to lower oil prices

Opec

PARIS: The head of the International Energy Agency on Wednesday called on Opec and its allies to take measures to help bring oil prices down to “reasonable levels”. “I very much hope to see in the next meeting or meetings they… make the necessary steps in order to comfort the global oil markets and help … Read more