VIENNA | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on Sunday decided to increase oil output by 206,000 barrels per day in May, according to an OPEC statement. The decision was announced following a virtual meeting attended by Saudi Arabia, Russia, …
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Natural gas prices in Europe have tumbled to levels last seen before Russia sparked a global energy crisis by invading Ukraine Rome, Italy | Xinhua | Helped by mild winter weather and high storage, prices for natural gas in the European Union (EU) have now settled back to levels seen before …
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Russia has made it clear that it will not export oil to countries that enforce price caps Rome, Italy | Xinhua | A price cap on Russian seaborne crude recently agreed by the European Union (EU), the Group of Seven (G7) nations and Australia came into effect on Monday. Whether the …
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Brussels, Belgium | Xinhua | The European economy is slowing down and a contraction is predicted at least for the winter months due to the energy crisis and high inflation, European Commissioner for Economy Paolo Gentiloni warned on Monday. “If we look at high-frequency indicators and the economic sentiment, we see …
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United Nations | Xinhua | UN Secretary-General Antonio Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. “It is immoral for oil and gas companies to be making record profits from this energy …
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Kampala, Uganda | THE INDEPENDENT | The Catholic Relief Agency CARITAS has intervened in the energy crisis unfolding in Bidi Bidi Refugee Settlement in Yumbe district. Bidi Bidi is the second-largest settlement in the World, hosting more than 27,000 South Sudan refugees fleeing civil wars in their country. More than 80 …
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The Independent Uganda: You get the Truth we Pay the Price
