Recent data from Gas Infrastructure Europe shows the continent is facing its lowest gas reserve levels, raising concerns about replenishing inventories for the winter.

The European Union has two crucial periods for gas supply each year: March, when winter ends and summer begins, and October, when winter begins again. According to the GIE, gas reserves are currently at 61 %, “the lowest level for this time of year in recent years, even lower than that recorded in 2021.”

Gas prices rose in August. And the region is facing a slower-than-necessary filling rate. “The recent pace gives an idea of ​​the challenge. Between early and mid-August, storage capacity increased by an average of 0.27 percentage points per day. If this rate continues, storage levels will reach around 73 % by October 1st. Europe would have to continue injecting gas throughout the autumn to keep rebuilding reserves, coinciding with the gradual increase in demand associated with heating.”

To overcome this predicament, a high rate of injection would be necessary, in addition to ensuring sufficient gas volumes, particularly liquefied natural gas (LNG), which entails a high cost that is passed on to the consumer.

Regarding the European regulatory framework for this sector, it “maintains a 90% filling target.” However, since the “reform of the Gas Storage Regulation, in force since September 2025, this level can be reached at any time between October 1st and December 1st.” A deviation of up to 10 percentage points is permitted when filling conditions are difficult, extendable by an additional five points by the European Commission if these conditions persist. The regulation will be in force until the end of 2027.

In any case, the reserve level for October will be the benchmark for the markets. If storage falls below the levels of recent years, the margin for absorbing a cold winter, lower renewable energy production, or renewed pressure on gas imports is reduced. Furthermore, it contributes to greater volatility in both gas and electricity market prices.

M.Pino

Source: elperiodicodelaenergia

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La entrada European gas reserves at their lowest level in years apareció primero en Bitfinance.

The Central Bank of Venezuela revealed that during the month of June, the National Consumer Price Index (INPC) reached 13.8 %. It also highlighted that the accumulated inflation rate for the first half of 2026 was 129.82 %.

“The result for the last month represents the third highest rate so far this year. The June figure was only surpassed by January’s 32.6 % and February’s 14.6 %. Thus, accumulated inflation during the first half of 2026 climbed to 129.82 %, while the annualized rate rose to 544.13 %.”

By sector, transportation led the increases across the different categories with a rise of 16.2 %. Education came in second with a 15.2 % increase, followed by housing at 14.9 % and health at 14.8 %.

In the recreation and culture category, the increase was 14.2 %, while household goods rose by 14.0 %. The groups of alcoholic beverages and tobacco, miscellaneous goods and services, and restaurants and hotels all saw an identical increase of 13.8 %.

The table registered the smallest increase in the communications sector, with 13.6 %; clothing and footwear at 13.3 %; food and non-alcoholic beverages at 13.1 %; and housing rentals closed with a variation of 10.9 %.

M.Pino

Source: analitica

(Reference image source: Mordo Bilman on Unsplash)

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La entrada The Central Bank of Venezuela reported an inflation rate of 13.8 % in June apareció primero en Bitfinance.

The data recently published by the Consumer Price Index of Uruguay’s National Institute of Statistics shows that year-on-year inflation fell from 5.03 % to 4.09 % in November, thus completing 30 consecutive months within the tolerance range set by the Yamandú Orsi administration, which ranges from 3 % to 6 %.

The National Institute of Statistics reports that “the monthly inflation rate was 0.14 %, while the year-to-date rate was 3.74 %.”

Among the main contributors, expressed as percentage points to the overall monthly inflation rate, were food and non-alcoholic beverages (-0.06 %), health (0.03 %), transportation (0.07 %), and restaurants and accommodation services (0.04 %).

M.Pino

Source: swissinfo

(Reference image source: Zoshua Colah on Unsplash)

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La entrada Uruguay’s inflation fell to 4.09 % in November apareció primero en Bitfinance.

From January to May, Peru recorded cumulative inflation of 1.05 %, while for the month of May, the Consumer Price Index (CPI) nationwide decreased by 0.05 %.

This was reported this Sunday, June 1, by the National Institute of Statistics and Informatics (INEI in Spanish), which also provided sector-by-sector data.

“In Metropolitan Lima, the CPI decreased 0.06 %, accumulating a 1.17 % increase in the January-May period, according to the technical report Variations in Economical Price Indicators from the National Institute of Statistics and Census (INEI).”

The annual rate, which corresponds to the last 12 months, reflected a percentage change of “1.72 % for the national indicator and 1.69 % for Metropolitan Lima.”

According to the INEI, the items that saw decreases last month were food and non-alcoholic beverages (0.40 %), transportation (0.31 %), and lodging, water, electricity, gas, and other fuels (0.18 %).

Regarding consumer prices in May, the institute reported increases in 11 cities, with the highest change observed in Iquitos at 0.33 %.

M.Pino

Source: xinhua.net

(Reference image source: Markus Winkler on Unsplash)

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La entrada Peru’s cumulative inflation was 1.05 % from January to May apareció primero en Bitfinance.

Through an official bulletin from the National Telecommunications Entity (Enacom) of Argentina, the government of Javier Milei announced the elimination of regulations on the price of mobile telephone, cable and Internet services.

Resolution 13, dated Thursday, June 27, indicates: “Repeal the Enacom Resolutions”, concerning the limits of between 5 and 10 % per month on rates for said services.

The measure was signed by “the auditor of the organization designated by the Government, Juan Martín Ozores, and by two other deputy auditors,” thereby eliminating the regulations of the previous administration, authorizing telecommunications companies to establish price increases they may consider.

The Milei administration had taken legal measures regarding restrictions on public information and communications technology (ICT) services imposed by the previous government. In fact, there is a decree of necessity and urgency (DNU) issued in April.

In any case, it is important to highlight that the Argentine population has been taking measures to reduce expenses on telecommunications services. “A recent study by the Argentine Internet Chamber (Cabase) indicated that 67.5 % of Argentine households took some measure to cut the cost of internet service, and that 65.3 % also reduced their expenses on pay television services.

The cost of internet service currently represents 4 % of monthly income, compared to 2024, when it was 3 %. “The UN Broadband Commission for Sustainable Development proposed as a goal for 2025 that the costs of broadband services, fixed and mobile, will represent from 5 to less than 2 percent of the gross monthly national income per capita of each country.”

M.Pino

Source: elpais.cr

(Reference image source: Scott Rodgerson in Unsplash)

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La entrada Argentina eliminated regulations on mobile phone, cable and Internet prices apareció primero en Bitfinance.

The Cuban government announced that the increase in gasoline by almost 500 % will come into effect next March 1, a month after the originally planned date. In addition, as part of a series of measures to tackle the country’s fiscal deficit, the Minister of Finance and Prices, Vladimir Regueiro, ratified a 25 % increase in electricity tariffs for the most consuming sectors.

According to the newspaper Granma, from Friday will be implemented the update of the retail prices of fuels and the 25 % increase in the electricity tariff for customers who consume more than 500 kilowatts/hour. This measure has caused concern among the population, who fear an escalation in prices in the country.

In January, crowds and long queues were observed at gas stations, but the government delayed the measure’s entry into force, citing a cybersecurity incident in computer systems.

As a result, the Minister of Economy, Alejandro Gil, was dismissed. Gil, one of the most high-profile politicians on the island, had admitted that the government could not continue subsidizing fuel.

K. Tovar

Source: CNN

(Reference image: Dawn McDonald on Unsplash)

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La entrada Cuba will increase the cost of gasoline by 500 % apareció primero en Bitfinance.

The International Monetary Fund (IMF) issued a warning about agrarian protests in Europe, noting that they could have an impact on prices if they persist. However, the IMF also states that these protests are not expected to have a major impact on economic growth in the region.

IMF spokeswoman Julie Kozack said at a press conference that “there could be a more significant impact on prices if the protests continue for a prolonged period.”

Despite this, due to the fact that the agricultural sector in most European countries is “relatively small” in terms of Gross Domestic Product (GDP), any economic impact is expected to be limited at this time.

For three weeks now, farmers from all over Spain and other European countries have come out to protest against various issues, such as the bureaucracy of the Common Agricultural Policy, environmental requirements for production and fair prices at source.

The main criticism focuses on the Green Deal, with which the European Union (EU) aims to achieve climate neutrality by 2050.

IMF Managing Director Kristalina Georgieva also warned about the consequences for economies if governments give in to the protests.

While understanding the difficulties farmers face, Georgieva noted that if the protests continue and governments do not take the necessary steps to strengthen the economies, they may regret their decisions in the future.

K. Tovar

Source: Bancaynegocios

(Source image reference: @contrapuntovzla, x)

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La entrada IMF issued warning on agrarian protests in Europe apareció primero en Bitfinance.

Within the framework of the first half of 2023, exports of goods from Latin America and the Caribbean experienced a 2.7 % decrease compared to the same period of the previous year, according to the report ‘Monitor of Trade and Integration’ of the Inter-American Development Bank (IDB). This contraction is mainly attributed to the fall in prices. (-4.7 %) and moderation in the growth of exported quantities (2.9 %).

The IDB warns that the latest indicators point to a possible continuation of this downward trend in the coming months. Factors such as rising geopolitical conflicts, restrictive monetary policies and the slowdown in global growth following the post-pandemic recovery are contributing to these results.

The most notable ‘shocks’ that have negatively affected the region include Russia’s invasion of Ukraine, persistent inflation, and tightening monetary policy in advanced countries. In addition, the report highlights the urgency of addressing crucial challenges such as food security and climate change, which are likely to impact regional trade performance in the coming years.

Adverse climatic events have also had a significant impact on economic activity, particularly in the agricultural sectors of some countries in the region.

Despite a transitory export boost linked to China’s economic acceleration in early 2023, this effect faded over the year, revealing structural challenges that will have repercussions on the global economy and trade.

The report highlights that, while goods exports from Latin America and the Caribbean have contracted, the contraction is less pronounced than that of global trade as a whole. Sales of services also showed a slight slowdown.

As for the regions, the decrease in intraregional sales (-0.6 %) was smaller than in extraregional sales (-2.2 %) during the first half of 2023. The volume of shipments increased, mainly driven by Brazil (0.7 %) and Mexico (3.9 %), while several countries experienced notable contractions, such as Colombia (-14 %) and Ecuador (-10.1 %).

K. Tovar

Source: Bancaynegocios

(Reference image source: Unsplash+)

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La entrada Exports in Latin America fell in the first half apareció primero en Bitfinance.

In a constant decline, the prices of the most prominent cereals continue their downward trend, experiencing significant weekly setbacks. Common wheat has registered a depreciation of 1.75 %, while barley is not far behind, with a decrease of 1.71 %. These decreases are attributed to the excess supply that prevails on the international scene.

Even despite worsening growing conditions in the United States for crops such as soybeans and corn, the values of the main grains continue to decline. According to sources from the Spanish Grain and Oilseed Trade Association (Accoe), this negative trend persists.

Analysis of the latest Accoe report reveals that the barley price has settled at €233.74 per tonne, representing a weekly decline of 1.71 %. For its part, soft wheat has experienced a decline of 1.75 %, standing at 255.53 euros per ton.

Regarding other cereals, corn has had a price of 264.24 euros per ton, with a weekly reduction of 0.46 %. Malt barley, for its part, registered a fall of 0.62 %, reaching 265.67 euros per ton. Oats, with a decrease of 0.23 % in the week, have been quoted at 315.71 euros per ton.

However, in this bleak picture, a rebound in the value of durum wheat stands out, which has experienced an increase of 1.38 % in just seven days, reaching a value of 390 euros per ton.

The numbers accumulated since the beginning of the year do not offer an encouraging picture. Soft wheat has suffered a price decrease of 23.60 %, while corn has fallen by 17.54 %. For its part, barley has registered a decrease of 26.48 %, durum wheat has suffered a reduction of 14.60%, malted barley has fallen by 19.09 % and oats has experienced a decline of 5, 76 %.

K. Tovar

Source: Bancaynegocios

(Reference image source: Unsplash+)

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La entrada World cereal prices continue to fall apareció primero en Bitfinance.

Google raised the price of its subscription to YouTube Premium in the United States, where users of this service now have to pay two dollars more, from 11.99 to 13.99 dollars.

YouTube Premium is a paid service that allows users to access benefits that are not available in its free version, such as watching videos without ads, downloading them for offline viewing or playing them in the background.

The company has now introduced a change in the price of the individual subscription to YouTube Premium, which is now two dollars more expensive, that is, it has gone from $11.99 to $13.99 in the United States, as reflected on the YouTube website for this country.

From 9to5Google they recalled that at the end of last year the family premium plan also increased its price, from $17.99 to $22.99.

Source: dpa

(Reference image source: Unsplash+)

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La entrada YouTube Premium raises the price of the monthly subscription in the US apareció primero en Bitfinance.