energy price
IEA forecasts large global oil surplus in 2027
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The International Energy Agency (IEA) believes that the oil market may have significant oversupply in the coming year.
World oil prices recover after news of US attacks
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World oil prices fluctuate as US-Iran tensions continue to cast a shadow over the strategic Strait of Hormuz.
World oil prices fall for 2 consecutive days
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Signs of cooling Middle East conflict pull oil prices down, market expects supply to be restored soon.
South Korea proposes an additional budget package worth 17.2 billion USD to respond to the crisis
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The South Korean government proposed an additional budget package worth 17.2 billion USD to respond to the crisis.
Brits struggle in energy poverty
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Around the UK this winter, more and more people are in debt and sitting in cold or humid homes due to rising energy bills.
UK faces cost of living crisis, inflation up to 10%
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The escalating cost of living and inflation crisis has begun to affect consumers across the UK.
Prices of energy products have increased to a record level since the beginning of the year
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After a series of consecutive 3-month price decreases in the fourth quarter of 2018 from 70.8 USD/barrel to 49 USD/barrel in December, in the first quarter of 2019, WTI crude oil prices increased again to 55 USD/barrel in February and increased to 60 USD/barrel at the end of March.
