Tag
Energy Crisis
6 articles
Euro Slides to 17-Month Low as Energy Crisis Overrides Inflation Show
The single currency fell to $1.116 this week as markets bet the ECB will raise rates less than inflation data suggests, while France's borrowing costs diverge sharply from Germany's.
1970s Stagflation Pattern Emerges in Current Data: Inflation, Wage Decline, Energy Costs Converge
Labor Department data shows real wage contraction while energy prices surge, mirroring structural conditions from the 1970s stagflation period.
Cuba Restores Power After Sixth Blackout This Year
State utility Union Electrica reported restoring power to nearly half of Havana's customers Saturday after a grid failure compounded by fuel shortages and a U.S. energy blockade.
Saudi Pipeline Shutdown Tightens Global Oil Supply — Brent Crude Surges on Bypass Route Closure
The closure of Saudi Arabia's 7 million barrel-per-day East-West pipeline after attacks has sent Brent crude toward $108, disrupting a key alternative to the Strait of Hormuz amid escalating U.S.-Iran conflict.
Cuba Schools Reopen Sept. 1 as Energy Crisis Deepens
Nearly 1.4 million students return to classrooms as the island faces severe blackouts and critical shortages of fuel and food
U.S. Gulf Coast Becomes World's Only Major Refining Hub as Global Capacity Collapses
Diesel crack spreads hit $102 a barrel Monday—nearly triple pre-war levels—as attacks on Middle Eastern and Russian refineries, Chinese export restrictions, and Hormuz shipping disruptions leave American refineries as the sole functioning major supply source.