WorldEconomy
European Gas Price Hits Highest Level Since December 2022
European TTF gas prices topped €86/MWh, the highest since December 2022, as Middle East tensions and low storage raise winter supply fears.
—5 min read
Tag
#Energy Crisis
30 articles
EconomyEurope
Belgian Diesel Price Falls After Record High Above €2.50
Belgium's diesel price will drop 9.6 cents to €2.405 per liter Thursday, easing pressure after a record high driven by Middle East tensions.
—6 min read
EconomyPolitics
Belgian Diesel Price Tops 2.5 Euros for First Time
Belgian diesel hit a record 2.501 euros per litre as Middle East conflict drives fuel costs, prompting Bouwunie to seek a temporary excise refund.
—6 min read
EconomyEnergy
Belgian Gas Contract Prices Surge 20% on Winter Fears
Belgian fixed gas contract prices rise 20% amid low European storage levels and Middle East tensions, raising fears of a new energy crisis this winter.
—6 min read
Economy
Energy Prices Surge: Oil Above $97, Gas at Peak, Gasoline €2
Oil surges past $97, gas returns to peak levels, and Belgian gasoline approaches €2 per liter as Middle East conflict drives energy costs higher.
—5 min read
EconomyEnergy
Belgium Diesel Prices Surge as IEA Warns of Fuel Shortage
Diesel prices in Belgium rise 8.5 cents to €2.23/L as the IEA warns of potential gasoline and diesel shortages amid escalating US-Iran hostilities.
—4 min read
EconomyEnergy
Europe Diesel Crisis: Inventories Head for Multi-Year Lows
Morgan Stanley warns European diesel inventories will hit multi-year lows as Middle East war, Russian export ban, and refining constraints converge.
—4 min read
EconomyEnergy
Oil Prices Surge Past $90 Per Barrel as Tensions Rise
Brent crude rises above $90/barrel for first time since June as renewed US-Iran hostilities disrupt shipping through the Strait of Hormuz.
—4 min read
Economy
Russian Diesel Ban Pushes Belgian Fuel to Two-Month High
Russia's diesel export ban, triggered by Ukrainian strikes on refineries, pushes Belgian diesel to €2.145/litre — highest since May 2026.
—4 min read
Economy
Diesel Price in Belgium to Hit Two-Month High on Thursday
Belgium's diesel price rises to EUR 2.145/L on July 16, the highest since May, driven by renewed US-Iran conflict and Strait of Hormuz disruptions.
—5 min read
Energy & EconomyPolitics
Middle East Escalation Drives Oil Prices Sharply Higher
Oil prices surged over 5% on July 8 as Trump declared the U.S.-Iran ceasefire 'over' and launched new airstrikes, raising fears of supply disruptions.
—5 min read
EconomyTechnology
Belgian Economy: Fuel Soars, E-Bikes, F-35 3D Printing
Geopolitical tensions reshape Belgium's economy: diesel above €2, speed pedelec sales surge, and a 10-person firm lands an F-35 3D-printing contract.
—4 min read
EconomyEurope
Belgium Fuel Prices Surge as Diesel Tops €2 Per Liter Again
Belgian diesel prices exceed €2 per liter again, gasoline also rises amid Middle East tensions and Strait of Hormuz disruptions.
—5 min read
WeatherEconomy
Belgium Counts Heatwave Cost: Excess Deaths, Energy Spikes
Belgium faces the aftermath of a 12-day heatwave: rising at-home deaths, electricity prices nearing 600 euros, and a half-billion-euro economic hit.
—5 min read
EconomyEnergy
Oil Prices Drop Faster Than Expected After Iran Peace Deal
Oil prices fell nearly $10 in ten days after a US-Iran peace deal. Belgian fuel drops sharply but experts warn the fragile agreement may not hold.
—4 min read
EconomyEnergy
Oil Prices Drop to Pre-Iran War Levels: Relief at the Pump?
Oil prices have fallen to pre-Iran war levels around $73 per barrel. But gas prices remain high and winter risks loom for Belgian consumers.
—5 min read
International EnergyGeopolitics
China's Oil Stockpiles Give It Unrivaled Leverage in Crisis
China's 1.4 billion barrels of strategic oil reserves exceed all IEA members combined, giving Beijing a decisive edge in the Strait of Hormuz crisis.
—5 min read
EconomyPolitics
Belgium's Commuting Allowance Tax Break Fails to Gain Ground
Only 4% of Belgian companies have adopted a government-backed commuting allowance tax credit aimed at helping workers cope with rising fuel costs.
—4 min read
EconomyPolitics
Taiwan Summer Electricity Prices Hit Record High
Taiwan summer electricity prices hit record NT$8.86 per kWh as People's Daily criticizes DPP political maneuvering amid energy policy failures.
—5 min read
International ConflictEconomy
Iran and Israel Pull Back as US Economy Strains Under War
Iran and Israel de-escalate after exchanging direct strikes, while Trump defends his war record and US consumers feel the economic pinch.
—5 min read
EconomyEurope
Iran War Costs Belgian Economy €2.5 Billion
The Iran war has cost Belgium €2.5 billion in lost growth. Businesses report paralyzed subsidiaries, and economists warn the worst is yet to come.
—5 min read
EconomyTransport
Rising Fuel Prices Drive Belgians to Trains, SNCB Reports
SNCB reports 10% surge in train ticket sales as rising fuel prices push Belgians toward rail travel amid the ongoing energy crisis.
—4 min read
BusinessEnergy
Exxon, Chevron Warn Oil Prices May Hit $160 in Hormuz Crisis
ExxonMobil and Chevron executives warn oil prices could hit $150-$160 per barrel as global inventories near critical lows amid the Strait of Hormuz crisis.
—5 min read
EconomyPolitics
Belgium Approves €60M Tax Credit for Commuters Amid Crisis
Belgium's Parliament approved a temporary tax credit for commuting expenses, part of an €80M energy relief package amid soaring fuel prices.
—4 min read
EconomyEnergy
Belgium Fuel Prices Drop 10 Cents Per Litre from Friday
Belgian petrol and diesel prices drop over 10 cents per litre from Friday, offering relief at the pump amid high living costs.
—4 min read
EconomyConsumer
Fuel Prices in Belgium Set to Drop Significantly on Friday
Belgian fuel prices drop sharply on May 29: petrol down 11.8 cents, diesel down 10.3 cents per liter, driven by US-Iran peace optimism.
—4 min read
InternationalEnergy
Cuba Loses Critical Fuel as Russian Tanker Deal Collapses
A sanctioned Russian tanker carrying 270,000 barrels of diesel failed to reach Cuba, deepening the island's catastrophic energy crisis.
—5 min read
InternationalHumanitarian
Out of Gas: Cubans Use Charcoal, Wood as US Blockade Bites
Millions of Cubans lack cooking gas as the US oil blockade tightens, forcing residents to cook with charcoal and wood in the worst crisis since the 1990s.
—6 min read
EconomyEnergy
Belgian Gas Reserves at Critical Low Ahead of Winter
Belgium's gas storage is only 23.75% full, raising energy security concerns and potential price hikes for consumers ahead of the 2026-2027 winter.
—4 min read
EconomyEnergy
Diesel Prices in Belgium Drop to €2.116 Starting Saturday
Belgian diesel prices fall by 6.2 euro cents to €2.116 per liter starting May 16, offering modest relief after weeks of war-driven increases.
—3 min read