For years, one tragedy after another has forced millions of Venezuelans to flee their homeland: hyperinflation, hunger, malaria outbreaks and rolling blackouts that left the entire country in the dark for a week have pushed this economy into the backseat. of South America despite being the country with the most proven oil reserves. This situation … Read more
Madrid 7:00 – 10/03/2022 Updated: 10:20 – 03/10/22 The pressure of the conflict in Ukraine continues unabated for consumers. In recent days, the prices of fuels have registered a strong increase in the poles of the service stations and reach levels never seen before in Spain. According to data from the Geoportal of the Ministry … Read more
Crude oil futures are sinking hard this afternoon. Both Brent and West Texas fell more than 10%, given the possible turn to fears of lack of supply due to the Russian invasion of Ukraine. Prices plummeted as much as 15% after Ukrainian President Volodymyr Zelensky indicated that he is prepared to make certain compromises with … Read more
The Ukrainian energy company Ukrenergo stated this Wednesday that the nuclear power plant in Chernobyl has been “totally disconnected” from the electricity grid following the recent operations carried out by Russian forces as part of their invasion of the country, which began on February 24. “Due to the military actions of the Russian occupiers, the … Read more
9/03/2022 – 12:01 Updated: 16:01 – 9/03/22 The relationship between US Treasury Secretary Janet Yellen and cryptocurrencies has always been contentious. Beyond the criticism that the former president of the Federal Reserve has leveled against the tokens, its role now seems crucial in the regulations that Washington puts forward to regulate these assets. This has … Read more
The Ministry of Ecological Transition already has the green light from the European Union to be able to intervene in the wholesale electricity market. The European Commission will study all possible options for emergency measures in order to limit the contagion of gas prices on electricity prices, such as temporary price caps. | Editorial: Gas … Read more
Sanctions on Russian commodity exports have sparked another historic price rally, in this case for nickel. Futures contracts for this metal have soared on the London Metal Exchange (LME) to reach $100,000 per ton in three-month options. This caused its listing to be suspended yesterday and it is not ruled out that the closing of … Read more
Russia’s economy is facing a recession unprecedented in the country’s recent history. The West’s voluptuous sanctions are hitting its markets with violence and will soon hit its economy as well, if they aren’t already. So much so, that the rating agencies foresee a default impending Russian debt despite the fact that its level of leverage … Read more
8/03/2022 – 15:22 Updated: 17:55 – 8/03/22 The president of the United States, Joe Biden, announced on Tuesday the immediate ban on importing Russian energy at a press conference, and revealed that the US government is working with the EU so that the Twenty-seven can take the same step. “We want our European allies to … Read more
A century ago, another Vladimir, Lenin, said “There are decades when nothing happens, and weeks when decades happen.” The Russian invasion of Ukraine seems to have pushed the EU into one of those decades-long coup crises. This Tuesday, the European Commission announced its plans to reduce Russian gas consumption by two thirds this year, and … Read more