Natural gas prices in Europe have tumbled to levels last seen before Russia sparked a global energy crisis by invading Ukraine Rome, Italy | Xinhua | Helped by mild winter weather and high storage, prices for natural gas in the European Union (EU) have now settled back to levels seen before …
Read More »West’s cap on Russian oil risks exacerbating Europe’s energy woes
Russia has made it clear that it will not export oil to countries that enforce price caps Rome, Italy | Xinhua | A price cap on Russian seaborne crude recently agreed by the European Union (EU), the Group of Seven (G7) nations and Australia came into effect on Monday. Whether the …
Read More »EU officials warn of economic slowdown
Brussels, Belgium | Xinhua | The European economy is slowing down and a contraction is predicted at least for the winter months due to the energy crisis and high inflation, European Commissioner for Economy Paolo Gentiloni warned on Monday. “If we look at high-frequency indicators and the economic sentiment, we see …
Read More »UN chief calls for taxation on windfall profits of oil and gas companies
United Nations | Xinhua | UN Secretary-General Antonio Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. “It is immoral for oil and gas companies to be making record profits from this energy …
Read More »CARITAS introduces solar cookstoves to refugees in Uganda
Kampala, Uganda | THE INDEPENDENT | The Catholic Relief Agency CARITAS has intervened in the energy crisis unfolding in Bidi Bidi Refugee Settlement in Yumbe district. Bidi Bidi is the second-largest settlement in the World, hosting more than 27,000 South Sudan refugees fleeing civil wars in their country. More than 80 …
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