gas
Business
Inflation in Greece Climbs to 12 Percent in June, Growth Revised Downwards
Inflation in Greece reached 12 percent in the month of June from 10.5 percent in May and 9.1 percent in April, according to data released by Eurostat, the official statistical authority of the European Union announced on Friday.
The rate...
Economy
High Gas Prices the Result of Fiscal Policy Says Calamos CEO Koudounis
As the US national average gas price hit $4.6 per gallon, Calamos President & CEO John Koudounis says that this is mainly due to the fiscal policy pursued by the Biden administration.
In his May 30, 2022, conversation with Fox...
Energy
EU Issues Guidance on Russian Gas Payments in Rubles
The European Union has softened its stance on the purchase of Russian gas and oil, as it released a series of guidelines for European companies to purchase fuel from the country and avoid breaching sanctions on Monday.
The bloc proposed...
Energy
Greek Shipper to Provide Germany with Liquified Gas Storage Facilities
A Greek shipping company has struck a deal this week with Germany to provide two floating liquified gas units as Berlin tries to reduce its reliance on Russian gas.
George Prokopiou’s Dynagas Ltd signed the agreement for the storage and...
Energy
Biden, EU Agree Gas Deal to Curb Reliance on Russia
US President Joe Biden and the EU President Ursula von der Leyen announced on Friday a major deal on liquified natural gas, in an attempt to reduce Europe's reliance on Russian energy.
The agreement will see the US provide the...
Business
Inflation in Greece Soars by 7.2% Following Rise in Electricity, Fuel
Greece's annual inflation rate soared by 7.2% in February compared to 6.2% in January, which has accelerated a trend that has followed the COVID-19 pandemic and now the Russia-Ukraine conflict, official statistical data released Thursday indicates.
The surge in consumer...
Economy
Gas Prices in Greece: Cheaper to Fly to Paris Than Drive to Thessaloniki
Gas prices have risen so much in Greece -- just as they have in the rest of the world -- that it is cheaper for an Athenian to take a flight to Paris than to drive to the northern...
USA
Gas Prices Reach New Highs in US in Wake of Ukraine War
The average price of gas in the US passed $4 this weekend, making it the first time gas prices had reached such heights since 2008.
The war in Ukraine has fueled the price jump, as Russia is currently the third-largest...
Energy
Greece in Race to Reduce Energy Dependence on Russia
Greece is in a race to reduce energy dependence on Russia following Moscow's invasion of Ukraine, Prime Minister Kyriakos Mitsotakis said on Tuesday.
Speaking in Parliament Mitsotakis said: “We cannot rule out attempts by Russia to blackmail. We all realize...
Business
Stocks Plunge, Oil Soars as Markets Reel From Ukraine Invasion
Global stocks plunged, while oil soared after Russian President Vladimir Putin launched a military attack on Ukraine, on Thursday. Putin's moves drew universal condemnation from the West, making punishing sanctions all but certain.
"The world is shocked as Russia launches...