output Archives - Financial Mirror

Oil prices volatile to output decisions

Global energy markets continue to be volatile, with major producers saying their cartel decisions to cut production and hike prices were justified. Saudi Arabia will keep supplying at least several refiners in

22nd April 2023

Comment/Energy

Big Oil maintain output plans

International oil companies (IOCs) are maintaining their output plans, despite increasing demand and output of electric vehicles and emission targets that should match zero-carbon ambitions over the next two decades. ExxonMobil is

21st February 2023

Energy

Cyprus pledges to help EU reduce energy output

Cyprus is ready to contribute in every possible way to reduce energy demand, so any gap in the supply of natural gas on the European market can be narrowed. This was the

27th July 2022

Energy

‘Not our war’: Gulf resists pressure to raise oil output

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

3rd March 2022

Energy

COVID19: Industrial output down 6% due to lockdown

Cyprus’ industrial and manufacturing sector, contributing 13% to 16% of GDP in recent years, was deeply impacted by the loss of work-hours due to three lockdowns since the pandemic started and a

5th May 2021

Economy