Crude oil prices have surged dramatically in recent weeks, partly fuelled by a boom in economic activity as countries bounce back from the pandemic. Photo: AFP
Crude oil prices have surged dramatically in recent weeks, partly fuelled by a boom in economic activity as countries bounce back from the pandemic. Photo: AFP
Energy

Asia braces for fallout as China and Europe face energy crunch

  • Businesses and consumers are grappling with the higher costs of utilities, petrol, and raw materials
  • Coal is being mooted as a short-term option, but analysts say falling back on it will threaten the region’s climate goals

Topic |   Energy
Crude oil prices have surged dramatically in recent weeks, partly fuelled by a boom in economic activity as countries bounce back from the pandemic. Photo: AFP
Crude oil prices have surged dramatically in recent weeks, partly fuelled by a boom in economic activity as countries bounce back from the pandemic. Photo: AFP
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