Further 16 per cent rise on energy bills
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)...
oil prices
Ships, trains, caves: Oil traders chase storage space in world awash with fuel
Oil traders are struggling to find enough ships, railcars, caverns and pipelines to store fuel as more conventional storage facilities fill up amid abundant supply...
Cheaper electricity bills from February
Electricity bills will decrease by at least 3.6 per cent in February compared to December, the electricity authority (EAC) announced on Monday. According to the...
Electricity bills to rise by 6.72 per cent
The average household can expect an increase of 6.72 per cent on their bimonthly October electricity bill compared to their last bill in August, the...
Oil jumps after Saudis, Russia say supply cut to be extended
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that...
UK approves Chinese-backed nuclear plant, sets tighter controls
Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but...
Iran says crude market oversupplied, balance to be restored
Iran’s Oil Minister said on Monday the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reported...
Oil prices top $50, Asian shares struggle as China sags
Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction,...
BP eyes more spending cuts after 80 per cent profit drop
BP said on Tuesday it could cut capital spending further after reporting an 80 per cent drop in profits in the first quarter of the...
IS income drops 30 per cent on lower oil, tax revenue: IHS
Islamic State‘s income and the population under its control have both fallen by about a third, a US-based analysis firm said, describing the declining revenue...
