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Global energy crunch, US burnout, and OPEC’s no 1 call

Global energy crunch, US burnout, and OPEC’s no 1 call

Al Jazeera
Friday, October 01, 2021 05:00:30 PM UTC

We gather the numbers from the week’s biggest economic and business news stories so you can impress your friends.

It has been a big, huge week for energy – and a painful one for countries that are paying through the nose for it.

Global benchmark Brent crude briefly hit its highest level in nearly three years this week. And the Organization of the Petroleum Exporting Countries predicts crude will reign supreme for the next several decades, despite a global green energy push.

Meanwhile, prices of natural gas and coal – the world’s dirtiest fossil fuel – are also soaring.

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