How the Black Sea grain deal collapse could impact global food prices and hunger
Wheat and corn prices on global commodities markets jumped Monday after Russia pulled out of a crucial deal allowing the export of grain from Ukraine.
Source: cnn.com
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Energy Secretary vows to refill emergency oil stockpile — but warns that won't happen before a second Biden term | News
The emergency supply of petroleum has shrunk by nearly 300 million barrels since President Biden took office.
Source: kezi.com
Russian oil tops price cap set by Western countries for first time
The price of Russian crude oil has risen above a price cap set by the Group of Seven nations, in the first “real test” of whether the West can enforce one of its key sanctions against Moscow.
Source: cnn.com
Energy Secretary vows to refill emergency oil stockpile — but warns that won't happen before a second Biden term
America’s emergency oil stockpiles have plunged to 40-year lows under President Joe Biden as US officials have sought to cushion consumers from high gas prices.
Source: cnn.com
Climate event El Niño could hit the economy from food prices to clothing sales this year
The phenomenon not only has an impact on weather conditions, but studies also show it can cause ripple effects throughout the global economy, impacting everything from food prices to tourism to the number of winter jackets sold in a given year.
Source: cnn.com