The informal European Council meeting in Versailles set the foundations for the bloc’s gradual independence from external energy suppliers, starting from Russia with its stranglehold on natural gas pipelines, primarily to Germany.
Ever since Russia’s invasion of Ukraine, the price of oil has been rising relentlessly. On February 24, Brent crude was trading at $95/barrel. However, following President Biden’s announcement that the US is
Motorists got a respite from rising fuel prices as the government stepped in to lower the consumer tax on petrol by eight cents per litre. The government’s decision came into effect Tuesday
Putin is upping the ante as discussions rage within Western capitals to sanction Russia’s oil and gas sectors. Russia has even threatened to block the Nord-Stream I pipeline to Germany. US president
Elon Musk’s calls for increasing U.S. oil and gas output in the wake of Russia’s invasion of Ukraine will not deter investors from positioning their portfolios towards renewable energy, despite the “negative”
Proponents of the East Med pipeline unrealistically believed the project would forge an economic alliance and create vested interests to leverage the defence and security of Greece, primarily, and Cyprus. This belief
Motorists in Cyprus will be given a respite from rising fuel prices, as the government stepped in to lower the tax on petrol by some seven cents a litre, while the period
Russia’s invasion of Ukraine has sent energy prices surging, but the oil-rich Gulf monarchies have so far resisted Western pressure to raise output, prioritising their own strategic and economic interests. The price
The absence of an international authority to enforce international law is all too evident in the Republic of Cyprus. The United Nations behaves like Pontius Pilate regarding the invasion and occupation of
Motorists are warned to expect hefty spikes in petrol prices, as pump rates will go up another 10 to 15 cents per litre. With prices soaring, petrol stations owners warned on Wednesday
