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12° Nicosia,
01 December, 2022
 

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Displaying results 1-30 of 107 matches for query oil price.

1. Fuel price cuts have begun

https://knews.kathimerini.com.cy/en/business/fuel-price-cuts-have-begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

2. EU struggles with Russian oil price cap

https://knews.kathimerini.com.cy/en/news/eu-struggles-with-russian-oil-price-cap

European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...

3. Slower economic growth expected towards end of year

https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

4. Tomatoes and potatoes now regarded as luxury items

https://knews.kathimerini.com.cy/en/news/tomatoes-and-potatoes-now-regarded-as-luxury-items

The Consumer Protection Agency published the retail prices of basic consumer goods on Friday with a reference date of 9/11/2022. The retail prices show significant price increases for potatoes and tomatoes and price decreases for some fish and legumes....

5. Wim Van Aken talks recession and the predictions for Cyprus

https://knews.kathimerini.com.cy/en/news/op-ed-wim-van-aken-talks-recession-and-the-predictions-for-cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

6. EU leaders burn midnight oil on gas prices

https://knews.kathimerini.com.cy/en/news/eu-leaders-burn-midnight-oil-on-gas-prices

European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs...

7. Which products were most affected by the barrage of price increases?

https://knews.kathimerini.com.cy/en/news/which-products-were-most-affected-by-the-barrage-of-price-increases

Aside from fuel and electricity, shopping, particularly for necessities, is high on the list of concerns for all households. Prices in various product categories have risen, making life even more difficult for consumers, and the outlook is bleak at the moment....

8. Are milk, meat and coffee still affordable?

https://knews.kathimerini.com.cy/en/news/are-milk-meat-and-coffee-still-affordable

According to the Consumer Protection Service's Price Observatory, price increases of up to 21% and price decreases of up to 13% were observed between September 14 and October 12....

9. The ECB's next steps were documented in Limassol

https://knews.kathimerini.com.cy/en/business/the-ecb-s-next-steps-were-documented-in-limassol

The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period. ...

10. OPEC and Russia agree to cut oil production by 2 million barrels a day

https://knews.kathimerini.com.cy/en/news/opec-and-russia-agree-to-cut-oil-production-by-2-million-barrels-a-day

OPEC and its allies, including Russia, approved a two million barrel-a-day cut in oil production on Wednesday, its first large reduction in output since the early days of the pandemic....

11. Russia facing 8th set of EU sanctions

https://knews.kathimerini.com.cy/en/news/russia-facing-8th-set-of-eu-sanctions

The Permanent Representatives of the 27 Member States of the European Union reached a political agreement on Wednesday morning, during the regular meeting of COREPER, on the eighth EU sanctions package against Russia, the Czech Presidency of the Council of the EU announced in a tweet....

12. Cyprus wants EU exemption from energy cutback

https://knews.kathimerini.com.cy/en/news/cyprus-wants-eu-exemption-from-energy-cutback

Cyprus is gearing up to request on Friday an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil...

13. UN's Stewart: The option of a mutually agreed solution is fading

https://knews.kathimerini.com.cy/en/news/un-s-stewart-the-option-of-a-mutually-agreed-solution-is-fading

"I am extremely concerned that the option of a mutually agreed settlement of the Cyprus problem, i.e. a formula for the reunification of the island acceptable to both sides, is fading and will not be available for much longer", UN Secretary General's Special Representative for Cyprus Colin Stewart says....

14. Why EVs are a flop in Cyprus … so far

https://knews.kathimerini.com.cy/en/news/why-evs-are-a-flop-in-cyprus-…-so-far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

15. September Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

https://knews.kathimerini.com.cy/en/business/september-newsletter-of-k-treppides-co-ltd-european-securities-and-markets-authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

16. Reduced excise tax on fuel extended until mid-January

https://knews.kathimerini.com.cy/en/news/reduced-excise-tax-on-fuel-extended-until-mid-january

The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....

17. EC to force energy companies to share their profits

https://knews.kathimerini.com.cy/en/news/ec-to-force-energy-companies-to-share-their-profits

The European Commission plans to raise more than €140 billion to relieve consumers from soaring energy prices, according to Reuters, by "taking a chunk of the revenue from low-cost electricity producers and forcing fossil fuel companies to share their huge profits. ...

18. ECB hikes up interest rates 75 basis points to 1.25%

https://knews.kathimerini.com.cy/en/business/ecb-hikes-up-interest-rates-75-basis-points-to-1-25

The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....

19. 80m euros per year in fuel tax is lost to the occupied areas

https://knews.kathimerini.com.cy/en/news/80m-euros-per-year-in-fuel-tax-is-lost-to-the-occupied-areas

The issue of fuel supply from the occupied territories seems to be taking on a dimension of its own as the Association of Petrol Distributors is preparing to file a complaint with the European Union....

20. EU plans to cap gas prices risking cutoff from Russia

https://knews.kathimerini.com.cy/en/news/eu-plans-to-cap-gas-prices-risking-cutoff-from-russia

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....

21. Oil prices retreat to pre-Russian invasion levels

https://knews.kathimerini.com.cy/en/news/oil-prices-retreat-to-pre-russian-invasion-levels

Crude oil prices retracted to levels before Russia's invasion of Ukraine on Wednesday with Brent oil prices falling below $90 a barrel amid concerns of an impending economic downturn....

22. Euro-dollar exchange falls to a 20-year low

https://knews.kathimerini.com.cy/en/business/euro-dollar-exchange-falls-to-a-20-year-low

The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....

23. Russia has amassed huge profits from fuel despite sanctions

https://knews.kathimerini.com.cy/en/news/russia-has-amassed-huge-profits-from-fuel-despite-sanctions

Russia has amassed €158 billion in revenues from fossil fuel exports in the six months of its war against Ukraine, benefiting from high prices, according to a study by an independent think tank published today, which calls for more effective sanctions....

24. Russia says no to oil price caps, warns of cut off

https://knews.kathimerini.com.cy/en/news/russia-says-no-to-oil-price-caps-warns-of-cut-off

The Kremlin said on Friday that Russia would stop selling oil to countries that impose price caps on Russia's energy resources - caps that Moscow said would lead to significant destabilization of the global oil market....

25. Pakistan's floods fueled by its melting glaciers

https://knews.kathimerini.com.cy/en/news/pakistan-s-floods-fueled-by-its-melting-glaciers

A series of extreme floods have utterly devastated the South Asian nation, which is home to some 225 million people, washing away roads and buildings, destroying farms, and stranding hundreds of thousands. ...

26. What is causing the unexpected drop in global food prices?

https://knews.kathimerini.com.cy/en/news/what-is-causing-the-unexpected-drop-in-global-food-prices

Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....

27. Turkey doubles Russian oil imports, filling EU void

https://knews.kathimerini.com.cy/en/news/turkey-doubles-russian-oil-imports-filling-eu-void

Turkey doubled its imports of Russian oil this year, Refinitiv Eikon data showed on Monday, as the two countries are set for broader cooperation in business and especially energy trade in the face of western sanctions against Moscow....

28. EAC: This is how corrections will be made on erroneous accounts

https://knews.kathimerini.com.cy/en/news/eac-this-is-how-corrections-will-be-made-on-erroneous-accounts

Since errors in electricity bills were discovered, the Electricity authority has received thousands of Viber and WhatsApp messages and emails with photos and meter numbers from panicked consumers trying to report the problem on their own bills....

29. Fuel a whopping 60% more expensive in 2022

https://knews.kathimerini.com.cy/en/news/fuel-a-whopping-60-more-expensive-in-2022

Cyprus Minister of Health, Michalis Hadjipantela, is in contact with his counterparts in neighboring countries, asking them to supply Cyprus with vaccines for monkeypox, the Minister's Communications Advisοr Konstantinos Athanasiou told CNA....

30. Russia sending money to Turkey for the $20 Billion Akuyo nuclear plant

https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant

A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....

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