Europe is being ravaged by an unprecedented energy crisis, and it may already be spreading. Asia, the world’s biggest buyer of gas and coal, may be next, with China particularly vulnerable because of the size of its economy. Perhaps somewhat surprisingly,... 

Oil prices continued their ascent on Friday amid signs of supply cuts. Brent, the international benchmark, surged 4.1 per cent in recent trading to hit $58.23 a barrel. That equates to an 11.6 per cent rally this week, the highest since December 2016. The...