#oil prices

Iran accused Israel of striking its facilities in the huge South Pars gas field on Wednesday in a major escalation in the U.S.-Israeli war that sent oil prices ...

Consumer advocacy groups on Monday called for the reinstatement of the fuel subsidy as prices at the pump continued creeping up, while the state-run power utility said electricity bills would ...

Since the beginning of the war in Iran, around 10 million barrels of oil have been missing per day, leading to irreplaceable ripple effects and causing gasoline prices in Cyprus to ...

The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a ...

President Donald Trump said on Thursday the United States stood to make significant money from oil prices driven higher by the war with Iran, prompting criticism from some lawmakers who ...

The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a ...

Two tankers were ablaze in an Iraqi port on Thursday after a hit by suspected Iranian explosive-laden boats, a step up in attacks that have cut off oil from the ...

Saudi Arabia’s oil shipments via the Red Sea are on course to hit record highs in March although they are still far below the levels needed to compensate for ...

President Donald Trump and Russian counterpart Vladimir Putin discussed on Monday the war in Iran and prospects for peace in Ukraine, just hours after the Kremlin chief warned that a ...

Iran’s Revolutionary Guards said on Tuesday they would not allow “one litre of oil” to be shipped from the Middle East if U.S. and Israeli attacks continue, prompting ...

Oil prices surged more than 25% on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to ...

Fuel prices in Cyprus are expected to rise significantly in the coming days, with authorities warning on Thursday that new cargoes arriving on the island will likely push pump prices ...

Energy Minister George Papanastasiou on Tuesday said there was no justification for any increase in fuel prices despite the present geopolitical upheaval in the Middle East. Speaking after the conclusion ...

The energy ministry on Sunday called on oil traders to demonstrate the “maximum responsibility” as the conflict in the Middle East sent oil prices soaring over the weekend. Meanwhile, the ...

The Electricity Authority of Cyprus (EAC) and the energy regulator will meet sometime this week in a bid to settle on a formula on how to bring down the price ...

With President Trump pausing his punitive tariffs for 90 days, it will take time before the negotiations that will follow realign global trading to the new developing international order. Already analysts ...

By Andreas Charalambous and Omiros Pissarides For more than a century, oil has retained its international position as the main source of energy, utilised, among other things, for fuelling vehicles, ...

The next electricity bills sent out to homes are expected to be 16 per cent higher than the last, the Electricity Authority of Cyprus (EAC) said Monday. Speaking to the state ...