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Fuel prices in Cyprus are expected to see a sharp, but temporary, rise due to the conflict between Israel and Iran in the Middle East, Energy Minister George Papanastasiou said on Friday, adding that much of the pressure is driven by market psychology. “We would not be realistic if we weren’t concerned,” he said, pointing […]
MANILA, Philippines — Local oil firms have agreed to a staggered implementation of price increases at the pump. This, as petroleum prices continue...
The prospect of higher energy prices may also delay the next Reserve Bank rate cut to until August instead of July, economists say...
The prospect of higher energy prices may also delay the next Reserve Bank rate cut to until August instead of July, economists say...
Foreign Minister Constantinos Kombos on Monday called for de-escalation of what he described as an “unprecedented” conflict in the Middle East....
Foreign Minister Fuad Hussein has said escalating conflict in the Middle East could send prices skyrocketing Read Full Article at RT.com
However, India has diversified its oil sources by increasing imports from Russia as well as the US and building resilience through strategic reserves.