Cyprus has enough fuel supplies to last for two months

The Electricity Authority (EAC) said Monday that its fuel stocks are adequate and that for the moment it does not anticipate problems with supplies amid the conflict raging in the Middle East. “At this time, our storage tanks located at various power stations have enough fuel for two months,” EAC spokesperson Christina Papadopoulou told the […]

Warning of surge in price of petrol, electricity and heating oil following US and Israel’s attacks on Iran

Consumers have been warned to brace for a surge in the prices of petrol and diesel, electricity, gas and home-heating oil.

Iran: Fears of price effects and increased transportation costs up to 40%-Crosetto

(ANSA) - ROME, MAR 2 - The Middle East crisis after the US and Israel attacked Iran and Tehran retaliated across the region raises fears of price effects and increased transportation costs of up to 40%, Defence Minister Guido Crosetto said Monday. "Twenty percent of the world's oil, equivalent to 17-20 million barrels per day, and over 30% of global LNG trade passes through the Strait of Hormuz," Crosetto told a joint session of the Foreign Affairs and Defense Committees of the Lower House an...

By ANSA