2 July 2022 06:30 am Inflation is currently at record highs in the eurozone. It is primarily driven by energy prices. On Friday there was a further increase in the price of oil. The causes also include the long-term consequences of the military intervention in Libya in 2011. Source: www.globallookpress.com © Thomas Imo/ photothek/ imago-images/ […]
European natural gas prices rose to a three-month high on Thursday. This was due to ongoing concerns about Russian supplies and efforts by the EU to fill up storage ahead of the heating season. In Germany, only some of the price increases were passed on to end customers. Gas prices in Europe reached new record […]
A new poll has shown that US citizens do not buy the “Putin price hike” narrative from their government. A clear majority sees the policies of the US President as responsible. According to a Rasmussen poll released Tuesday, just 11 percent of Americans believe that Russian President Vladimir Putin is responsible for record-high US gasoline […]
Energy and related producer prices continue to rise because of the war in Ukraine. According to RWE boss Markus Krebber, it could take a few years before the situation on the market calms down again. The CEO of the Essen-based energy group RWE, Markus Krebber, assumes that energy prices in Germany will remain high for […]
The price of diesel has skyrocketed in the US in recent weeks and has already reached record levels. Farmers in particular are suffering because now is the time to sow. Farmers complain that their costs have almost doubled. Soaring fuel prices in the US have added thousands of dollars to farmers’ costs this year, according […]
For months now, the national conservative PiS government has had one person to blame for problems such as rising inflation in Poland: Vladimir Putin. Economists and other Polish experts assess the situation in a more differentiated way. Due to historically high price increases, especially for food and petrol, there are further protests in Poland. In […]
In view of the horrendous fuel prices even after the tax cut, there are increasing numbers of critical voices who consider the benefit to be a mistake. At the same time, the call for an excess profit tax, with which other countries are already collecting taxes on the high profits of the profiteers, is getting […]
Consumers in Germany must reckon with further increases in food prices. At least the security of supply is probably still given for this year. For 2023, however, the German Farmers’ Association is less optimistic. According to the President of the German Farmers’ Association, Joachim Rukwied, the Ukraine war was having “massive effects on German agriculture”, […]
6 June 2022 9:43 p.m The world’s largest oil production company based in Saudi Arabia announced a surprisingly large price increase. Analysts are assuming that oil prices will continue to rise despite announced increases in production. Source: www.globallookpress.com © IMAGO/Christoph Hardt Saudi Arabian oil and gas giant Saudi Aramco has unexpectedly raised its selling prices […]