EU Pays 56% More for Imported Oil in Second Quarter Without Buying More Barrels
Europe spent far more on imported oil this spring and got almost nothing extra for it. The value of EU petroleum oil imports jumped 55.8...
Tag : energy prices
Eurozone Business Activity Hits Three-Year High, Complicating the ECB’s Next Move
Europe’s economy is not behaving the way forecasters expected. After a fresh surge in energy prices, most predictions pointed to a slowdown. Instead, business activity...
Bank of England Holds Rates at 3.75% as UK Inflation Hits Five-Month High
Bank of England Holds the Line, But Not Everyone Agrees The Bank of England chose to stand still this week, even as the ground beneath...
Eurozone Inflation Climbs to 2.9% as Energy Costs Surge Again, Complicating ECB’s Path
Eurozone Inflation Climbs to 2.9% as Energy Costs Surge Again, Complicating ECB’s Path Inflation across the eurozone ticked higher in July, confirming what many economists...