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Europe's energy crisis will spark steep contractions across the continent's economies, says top analyst

Due to higher natural gas prices, European gross domestic product will decline by 1.4% next year, A…

Phil Rosen   


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Check out these photos of the massive floating gas terminals that could help to solve Europe's energy crisis

Moored offshore, the FSRUs store and then reheat liquefied natural gas before pumping it onshore. T…

George Glover   


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Europe will spiral into a severe recession as the energy crisis hikes inflation and weighs on GDP, BlackRock says

A severe recession is "inevitable" for Europe as the energy crisis worsens and the ECB continues to…

Jennifer Sor   


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People in Poland are burning garbage, and Romania is capping firewood prices as desperation grows amid Europe's energy crisis

The Romanian government set a price cap on firewood of 400 lei ($80) per cubic meter and 2,000 lei …

Brian Evans   


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US stocks turn negative as markets digest job gains and new uncertainty in Europe's energy crisis

As investors digested the latest payroll numbers from August, Gazprom said it would delay the resta…

Brian Evans   


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2 mins read

Legendary gas trader says Europe's energy crisis could spread to the US if it ditches fossil fuels too fast

Efforts to kill the oil and gas industries too soon will lead to energy price spikes in the US, bil…

Harry Robertson   


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Europe's energy crisis could escalate if governments don't cover $1.5 trillion in margin calls, Norwegian energy firm says

Europe's energy trading could falter if governments don't provide liquidity for $1.5 trillion in ma…

Phil Rosen   


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3 mins read

Your energy costs could become a lot more unpredictable

The time when Americans could rely on cheap natural-gas prices to heat their homes and power busine…

Catherine Boudreau   


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Europe's scramble for gas is depriving poorer nations from getting enough amid the energy crisis

"The European gas crisis is sucking the world dry of LNG," an energy analyst told the Wall Street J…

Phil Rosen   


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Europe's top supplier of natural gas says capping prices won't fix the continent's energy crisis

"A maximum price would not solve the fundamental problem, which is that there is too little gas in …

Brian Evans   


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2 mins read

Some farmers in Europe are shutting operations and reducing production because of the energy crunch, adding to the global food crisis

Farmers are feeling the pinch from red-hot energy prices and are halting or slowing production this…

Huileng Tan   


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Japan can help ease Europe's energy crisis by restarting more nuclear power plants, IEA chief says

"Japan will import less LNG and more LNG will become available in the market, helping Europe surviv…

Brian Evans   


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Russia's economy can't avoid a crisis forever and it's becoming more vulnerable to shocks, think tank researcher says

A researcher at the think tank CEPA wrote that the war is sapping Russia's economy, leaving economi…

Jennifer Sor   


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Europe's worsening energy crisis pushes Germany to postpone the closure of its remaining nuclear plants, report says

The three nuclear plants had been slated to close on December 31, but Russia's natural gas supply c…

Phil Rosen   


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3 mins read

India can survive the Red Sea crisis, says head of US-India forum

The Red Sea crisis, which has forced shipping vessels to take a longer detour to avoid being hit by…

PTI   


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Europe's energy crisis gets 8 out of 10 on a scale of scariness, Rystad Energy analyst says. Here are 4 countries central to the crunch.

In apparent retaliation against sanctions, Russia has slashed the flow of natural-gas to Europe via…

Zahra Tayeb   


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Russian ambassador insists it is a reliable supplier of energy as it cuts off gas to Europe, plunging the continent into economic crisis

Germany called Russia an unreliable energy supplier for shutting supply. A Russian ambassador respo…

Sinéad Baker   


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Europe's benchmark power prices break above 1,000 euros for the first time amid regional energy crisis

German baseload year-ahead power prices jumped to 1,050 euros per megawatt-hour, according to Bloom…

Carla Mozée   


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UK homes will pay 178% more for heat this winter as Europe's energy crisis forces massive hike in price cap

"The price of energy has reached record levels driven by an aggressive economic act by the Russian …

Brian Evans   


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The UK has boosted natural gas production 26% as prices soar and Europe seeks relief in its energy crisis

UK gas imports offered Europe some relief this summer as Russia turned off the tap, but it's unlike…

Zahra Tayeb