Cyprus welcomes Russian oil embargo

Nicosia has welcomed the toughest EU sanctions against Russia for invading Ukraine, with Brussels banning oil imports to the bloc. European Union leaders have agreed an embargo on Russian oil imports that

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Greece U-turn on fossil fuels

Facing public pressure from spiralling electricity and gas prices while trying to stem imports from Russia, Greece’s prime minister Kyriakos Mitsotakis made a spectacular U-turn on energy policies. Within two weeks, he

No end to rising oil prices

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

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OPEC+ to increase oil production

The OPEC+ group of oil-exporting members plus Russia and others agreed to stick to its April 12 decision to increase crude oil production by 400,000 barrels per day every month and return

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Syrian oil slick not an immediate threat

An oil slick from a Syrian power plant, heading towards the Karpas peninsula on the island’s Turkish occupied northern tip, is not expected to cause serious environmental damage to Cyprus, Agriculture Minister

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