Global Energy Transition
World economic growth and inflation data show an improvement because of fatigue caused by the pandemic or euphoria that the pandemic will end faster than expected.
Steam billows out of the cooling towers at a coal-fired power station in Nanjing in east China's Jiangsu province on Monday, Sept. 27, 2021. Global shoppers face possible shortages of smartphones and other goods ahead of Christmas after power cuts to meet government energy use targets forced Chinese factories to shut down and left some households in the dark. (
Volatility in the price of West Texas Intermediate (WTI) oil, which fluctuated in the range 0f US$80-85 per barrel during the past month, has raised the question: What has actually happened to the global energy market? World economic growth and inflation data show an improvement because of fatigue caused by the pandemic or euphoria that the pandemic will end faster than expected.
Also read: