Guy Faulconbridge and Andrew Mills

DOHA/LONDON – Qatar is the largest global seller of liquefied gas (LNG). British steelmakers suggested that they might have to halt production to meet rising costs.

After the release of coronavirus lockdowns, economic activity has rebounded. However, there is a lack of fuel stocks and natural gas supplies which can cause blackouts in certain countries.

Industries executives and governments have to pay more to get their homes and businesses heated.

Crude futures rose more than $2 per barrel Monday as some generators turned to oil burning. Analysts predict that prices will remain high.

Prices for LNG dropped to record lows during pandemic lockdowns. But, they are still at record highs. https://www.reuters.com/world/middle-east/qatar-energy-minister-kaabi-unhappy-with-high-gas-prices-2021-10-11

Minister Saad Al-Kaabi, Qatari energy minister said that “we are exhausted” if all customers have received their correct quantities. I am not happy about the high gas prices.

The prices of commodities are putting pressure on governments around the world.

Steelmakers in Britain https://www.reuters.com/business/uk-steel-makers-warn-crisis-due-power-prices-2021-10-11 said they may have to shut down production and would face dire consequences unless the government helped.

On Sunday, the government said that it was looking at ways to support energy-intensive sectors but did not specify what actions were being taken.

In China, the world’s second-largest economy and top exporter, the government has sought to boost coal supplies, but the largest provincial economy in China’s northeast rust belt https://www.reuters.com/business/energy/china-rust-belt-province-warns-more-power-shortages-energy-crisis-2021-10-11 on Monday said it was grappling with worsening power shortages.

These shortfalls pushed Chinese energy and Chinese petrochemicals forwards to multiyear and record highs Monday.

The strain was increased by data processing.

The Dutch Data https://www.reuters.com/world/europe/dutch-data-centres-feel-pinch-electricity-price-surge-2021-10-11 Center Association has asked political leaders to cap electricity prices, provide corporate tax breaks or introduce subsidies in support of businesses investing in cleaner energy.