Tag Archives: energy prices

Valletta, Malta | Xinhua | In Slovenia, Vukadinka Marija Pavlin does not turn on radiators all the way even when the weather gets cold, and washes clothes and dishes at night when electricity is at its cheapest. Thanks to her extreme frugality with electricity consumption, she has avoided the need …

Brussels, Belgium | Xinhua | The European Commission has proposed a new package of measures aimed at improving stability in European gas markets. Presented by European Commission President Ursula von der Leyen and other European Commissioners on Tuesday in Strasbourg, France, the measures include joint gas purchase, the creation of a …

Elmau, Germany | Xinhua | The leaders of the Group of Seven (G7) nations vowed to “continue to impose severe and immediate economic costs” on Russia at the conclusion of their three-day summit on Tuesday. They said they were seeking to impose a “price cap” on Russian oil, but no specific …

Rome, Italy | Xinhua | Italy’s government on Monday adopted a decree that eliminates excise taxes on some forms of natural gas and methane to help tackle surging energy prices due to the Russia-Ukraine conflict. According to a statement from the office of Prime Minister Mario Draghi, excise taxes on gasoline, …

Energy prices are expected to rise more than 50 percent in 2022 before easing in 2023 and 2024 Washington, U.S. | Xinhua | The Russia-Ukraine conflict has dealt “a major shock” to commodity markets, altering global patterns of trade, production and consumption, the World Bank (WB) said in a report released …

The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine Geneva, Switzerland | Xinhua | The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 …