European Gas Prices Rise
European natural gas prices have surged nearly 18% after a pipeline capacity auction showed no increase in volume from Russia. The European continent acquires more than a third of its gas supply from Gazprom, but a long winter has drained the storage facilities from both Russia and the European Union. An article published by Seeking […]
Surprise Plunge in Shipping Costs
The cost of shipping between China and the U.S. took a sharp decline only weeks after hitting record highs in early September ahead of the off-season. Prior to the pandemic, shipping costs between China and the U.S. were roughly around $1,500. The cost of shipping containers soared to record highs last month, topping out at […]
Europe’s Gas Shortage May Effect Global Prices
Natural gas prices have increased approximately 35% in the past month as many countries worry there is not enough gas stored for the 2021 winter season, especially in the northern hemisphere. Natural gas is an important fuel for heating, with an estimated 40% of U.S. households alone relying on gas through the fall and winter […]
Tensions Mount for Upcoming Beijing Olympics
China is moving forward with opening its borders to the world in 2022 in celebration of its hosting the upcoming Winter Olympics. While this news comes as a shock for most of the world, considering China has one of the strictest zero-tolerance policies regarding Coronavirus, frequently shutting down busy ports and shipping terminals when even […]
Global Shipping Crisis Continues to Affect Supply Chains
Pandemic lockdowns led to a massive decrease in retail purchases, with a sharp increase in demand as economies suddenly opened their borders again. At present, container shortages continue to play a heavy part in supply and demand congestion, with hundreds of container ships in the queue at overloaded ports, mostly in China and the U.S. […]
