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Oil Prices Rise as Saudi Arabia and Russia Extend Production Cuts

Oil prices hit a new annual high as Saudi Arabia and Russia, the world's largest oil exporters, announced an extension of production cuts. Brent crude, the global benchmark, rose 1.8 percent and traded above ninety dollars per barrel, while...

Oil Prices Surge After OPEC+ Announce Unexpected Production Cut

On Monday, oil prices rose by as much as 6% after Saudi Arabia, Russia, Iraq, and other members of OPEC+ announced that they would be cutting production by as much as 1.15 million barrels per day from May until...

Greek Islands Could See Fuel Price-Cap as Costs Soar

Rising costs for unleaded fuel in the southern Aegean islands has prompted Greek regulators to consider a two-month price cap. A report in Kathimerini states energy regulators' research shows drivers on Sikinos are seeing prices at €2.045 ($2.372) a liter...

Tourism in Greece Drives Car Fuel Prices up to €2 per Liter

Car fuel prices in Greece have skyrocketed due to the high tourist season, reaching up to €2/$2.35 per liter, despite the fact that oil prices have dropped internationally. Oil prices have decreased to $73 a barrel, at least $5 down...

Greeks Paying €1.02 Tax for Every Liter of Gasoline they Buy

As the price of gasoline reaches an average €1.68 ($1.99) per liter in Athens and almost €2 on some islands, crisis-stricken Greeks are leaving their cars at home and using public transportation. Eurostat -- the EU's statistics agency -- says...

List Reveals Greek Gas Prices are World's Fifth Highest

Greece is Europe’s second-most expensive for gasoline, coming fifth worldwide, according to the GlobalPetrolPrices list. The list dated Jan. 29 reveals Iceland has the most expensive gasoline among 166 nations, with average fuel prices at €1.68 ($2.l0) per liter. It...

Greece Among Top 10 Nations for High Fuel Prices

Greece is sixth in a list of countries with the most expensive auto fuel, with an average gasoline price of 1.56 euros per liter, according to fresh data from GlobalPetrolPrices.com. Last week, fuel was sold at an average price of...