Wednesday 27 July 2016
 
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Energy prices

Energy price hikes will hit costs: Saudi builder

Saudi Arabia's Abdullah Abdul Mohsin al-Khodari and Sons on Sunday forecast changes to the kingdom's electricity and energy prices would raise its costs by SR44.3 million ($11.81 million) between 2016 and 2020. The builder

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Turkey hikes tax on tobacco; energy prices up

Turkey has hiked taxes on tobacco and alcohol for the new year, while its energy market regulator has also increased electricity prices as of Jan. 1 to fund investment and production. Taxes on alcoholic beverages including beer, g

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Saudi Arabia studying domestic energy price rises

Saudi Arabia is studying whether to raise domestic energy prices, Oil Minister Ali Al-Naimi said on Tuesday, confirming that the kingdom could cut a lavish system of subsidies blamed for waste and surging fuel consumption. Asked o

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Falling energy prices signal slowing growth

A sharp fall in energy prices around the world signals worse to come for the slowing global economy as China's decade-long boom peters out, in addition to Europe's long struggle with recession, say analysts. The price of o

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Energy helps keep euro zone inflation at 3pc

Energy prices helped keep euro zone annual inflation at 3 per cent in November, data showed on Thursday, but prices for other goods were unchanged on the month, suggesting the European Central Bank could cut interest rates again. Consumer

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Rising energy prices ‘setback for growth’

The outlook for global growth is deteriorating, partly as a consequence of rising food and energy prices, and risk appetite has suffered as a consequence, said an expert. Carnage in currency and bond markets spilled over to equities and co

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Oil will slip in H2 on debt fears says poll

Brent oil prices will soften in the second half of this year to around $110 a barrel on worries that government debt problems and sluggish growth will cap demand, which is already dented by high energy prices, a Reuters poll showed. The ma

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Egypt ups energy prices for low-use industries

Egypt has raised energy prices for non energy-intensive industries as part of its plan to gradually eliminate subsidies to all industries, a statement by the trade ministry said. Non-energy intensive industries, which account for 97 per ce

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