Crude jumps on global energy crunch

Crude jumps on global energy crunch
Crude jumps on global energy crunch

Crude jumps on global energy crunch

The story so far: The world is facing an energy crunch as the supply of natural gas, coal and other energy sources fails to adequately satisfy demand. Natural gas prices have risen multifold in Europe this year while several factories in China have shut down due to power disruptions linked to the short supply of coal. The U.K., meanwhile, has witnessed many of its fuel pumps running dry and the country’s military has been called in to prevent any violence. India’s power plants are also running on critically low coal stocks.