Global energy crisis (2021-present)
(Redirected from 2021–2023 global energy crisis)
National Balancing Point NBP (UK) natural gas prices
Europe TTF natural gas prices
United States Henry Hub natural gas prices
The 2021–2023 global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the world facing shortages and increased prices in oil, gas and electricity markets.
The crisis was caused by many factors, including the fast post-pandemic economic recovery and the Russian invasion of Ukraine. The price of natural gas reached record highs, and so did electricity in some markets.
Oil prices hit their highest level since 2008.[1]
References
[change | change source]- ↑ "IEA Global Energy Crisis". International Energy Agency. October 2022. Archived from the original on 2022-12-06. Retrieved 2022-12-06.
