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Opinions/Stories

What’s behind the energy crunch in Britain and Europe

Natural gas, the main focus of this squeeze, is crucial for generating electricity, running factories, and heating homes

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High natural gas prices lead to a shutdown of British fertilizer plants

The main causes are a resurgence of global demand, especially in Asia, and worries that European countries are not putting enough fuel in storage to prepare for winter

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OPEC and its allies agree to gradual increases in oil production

Under the agreement, OPEC Plus will increase production by 350,000 barrels a day in both May and June and by 441,000 barrels a day in July

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