Manya Rathore
Research expert covering India
Global energy crisis - statistics & facts
The world is currently embroiled in a global energy crisis that has greatly affected commodity prices, with repercussions for households, manufacturers, and the wider economy alike. As reduced global natural gas supply could not keep up with the growth in demand arising from the first stages of economic recovery from the coronavirus pandemic, gas prices skyrocketed. Record high prices for natural gas saw demand for coal as an alternative - and therefore coal prices - also rise. The ripple effects of the energy supply shortage have since been felt in the prices of electricity, transportation fuels, and even fertilizers.
