Hungry for fuel, China looks to the US, Europe eyes relief plans By Reuters – Investing.com

Hungry for fuel, China looks to the US, Europe eyes relief plans By Reuters – Investing.com

By Chen Aizhu, Jessica Jaganathan and Scott DiSavino

(Reuters) - China's energy crisis deepened on Friday with coal prices hitting a record high as cold weather sweeps in and soaring gas prices prompting major energy companies to seek long-term deals with U.S. suppliers, sources told Reuters.

Energy security has shot to the top of government agendas in Asia and Europe as shortages of coal and rocketing gas prices have triggered power outages and choked up factories supplying big name brands such as Apple (NASDAQ:) just as the global economy reawakens from coronavirus restrictions.