Global Energy Crisis
Coverage of Global Energy Crisis in the Nexus archive.
- Iran war: Will the global energy crisis end soon?
A potential US-Iran deal to end the war and reopen the Strait of Hormuz could alleviate the global energy crisis, though oil prices and supplies may take months to stabilize as shipping resumes and infrastructure recovers.
- EVs capture two-thirds of China’s car market in record-breaking week
Electric vehicles accounted for 66.7% of new car sales in mainland China during the first week of June, up from 62.9% in May, according to data from the China Passenger Car Association. The surge is linked to benefits for Chinese battery-powered carmakers amid the global energy crisis.
- EVs capture two-thirds of China’s car market in record-breaking week
Electric vehicles accounted for 66.7% of new car sales in mainland China during the first week of June, according to the China Passenger Car Association. This marks an increase from 62.9% in May, driven by the global energy crisis benefiting Chinese battery-powered carmakers.
- BYD powers past Geely as oil shock charges up global EV demand
The global energy crisis has helped BYD surpass Geely Auto in China's automotive sector as demand for battery-powered vehicles increases, driven by rising oil prices from the US-Israel war with Iran. BYD's overseas deliveries surged 76% year on year.
- How have countries around the world responded to the US-Israel war on Iran?
The US-Israel war on Iran has entered its 100th day, triggering a global energy crisis and prompting concerns from world leaders.
- Many wind and solar power plants in China are strangled amid global energy crisis: report
China is wasting significant wind and solar energy due to inflexible grid management that prioritizes coal as a stabilizing power source, according to a report by the Centre for Research on Energy and Clean Air. The wasted clean energy could meet the electricity needs of France, amid a global energy shortage linked to the Strait of Hormuz crisis.
- What India’s ‘unsinkable aircraft carrier’ project near Malacca means for its China ties
India's $10 billion plan to develop Great Nicobar Island as a strategic maritime hub highlights tensions with China over critical trade routes, exacerbated by the Strait of Hormuz closure disrupting oil, gas, and fertilizer supplies to Asia.
- China’s Chery sees its foreign EV sales topping 1 million as world wary in energy crisis
Chery Automobile, China's largest car exporter, expects its overseas electric vehicle sales to surge up to 27% this year, driven by global energy crisis demand. The company projects that pure electric and plug-in hybrid models will represent 70% of total international deliveries by 2026, reaching approximately 1.05 million units.
- China’s Chery sees its foreign EV sales topping 1 million as world wary in energy crisis
Chery Automobile, China's largest car exporter, projects its overseas EV sales will grow up to 27% this year, with electric and plug-in hybrid models expected to represent 70% of total international deliveries by 2026, reaching approximately 1.05 million units. The growth is driven by global demand for battery-powered vehicles amid the worldwide energy crisis.
- Global growth of pure EVs faces hurdles in insurance, charging gaps, says BNP Paribas
BNP Paribas warns that despite global energy crisis pushing interest in electric vehicles, major obstacles including inadequate charging infrastructure and high insurance costs threaten EV market growth. The analysis could negatively impact investor sentiment toward Chinese battery EV manufacturers whose stock had recently surged due to export gains.
- Why is the UAE quitting OPEC – and what’s the impact?
The United Arab Emirates (UAE) has decided to exit OPEC amid the worst global energy crisis in modern times, marking a significant shift in its energy policy and international relations. The move reflects strategic adjustments in response to fluctuating global energy demands and geopolitical dynamics.
- How is the war on Iran affecting the Russia-Ukraine conflict?
The article examines how the war on Iran intersects with the Russia-Ukraine conflict, highlighting the global energy crisis as a critical factor influencing both geopolitical situations.
- Short-term gains for China from US-Iran war may turn to longer-term pain
China may gain short-term diplomatic benefits from the US-Iran conflict but faces risks to energy security and economy due to the global energy crisis. The situation arose after Trump's decision to launch strikes with Israel against Iran, disrupting diplomatic relations and causing international turmoil.
- US blockade of Iran would worsen global energy crisis, analysts say
The US military's planned blockade of Iranian ports could exacerbate the global energy crisis, according to analysts. The move is expected to have widespread global repercussions despite the US claiming to target only Iranian ports. Analysts warn that such actions may disrupt energy supplies and increase prices worldwide.
- Oil jumps above $100 after US-Iran talks end without a deal
Oil prices rose above $100 following the failed US-Iran negotiations, raising concerns about the deepening global energy crisis. The lack of a deal in the talks has heightened worries about the impact on global energy markets.
- Global energy crisis is ‘the mother of all crises’: Turkish energy minister
The Turkish energy minister describes the global energy crisis as 'the mother of all crises,' emphasizing Turkey's strategic role as a regional energy hub due to its investments, geographic location, and oil reserves. The statement was made during an interview with Al Jazeera.