Moody’s Investors Service increased its medium-term oil price range to $50-70/barrel to reflect the rating agency’s expectation that the full cost of production of a marginal barrel of oil will keep increasing
Germany is heading towards a three-party government with a significant climate action focus, as the centre-left Social Democrats made an unexpected comeback and scored a thin victory in Sunday’s federal elections. The
By Hussein Sayed, Chief Market Strategist at Exinity Following three consecutive weekly gains, oil bulls do not seem tired yet as crude oil extended gains for the fifth straight session on Monday.
Consumers in Cyprus should not get carried away by a 10% discount on their next two electricity bills, due to rising penalties the Electricity Authority has to pay for the right to
Over the last weeks natural gas prices in continental Europe and in the UK have soared to unprecedented levels because of tight supplies ahead of the winter season, as many underground storage
The Cyprus Consumers Association on Monday slammed the government for failing to effectively address electricity bill price hikes, arguing it is “unwilling to spend a single euro from state coffers for the
If the government could so easily announce a 10% discount on the next two electricity bills, it begs the question, why not earlier? On the other hand, as the sole shareholder of
Consumers will get a respite from bloated electricity bills, as the government on Friday announced that a 10% discount will be applied on the next two bills, pledging to push forward further
Technical Committees from Nicosia and Cairo are proceeding with a study on the transfer of natural gas from the Aphrodite reservoir, in Cyprus’ exclusive economic block 12, to an Egyptian Liquefaction Plant.