Portugal’s government has approved a new reduction in fuel taxes aimed at lowering petrol and diesel prices for consumers across the mainland. The measure focuses on decreasing the ISP tax which applies to petroleum and energy products and is expected to provide immediate relief at fuel stations. According to the Ministry of Finance the adjustment […]
Russian President Vladimir Putin has indicated that Russia could resume supplying oil and gas to European markets if European buyers are willing to restore long term energy cooperation. His remarks come as global oil prices surged beyond 100 dollars per barrel amid escalating geopolitical tensions in the Middle East that have disrupted major shipping routes. […]
Portugal’s government has introduced a temporary reduction in fuel taxation in an effort to soften the impact of rising energy prices on consumers and businesses. The Ministry of Finance confirmed that an extraordinary discount will be applied to the Tax on Petroleum Products on road diesel to prevent a sharp increase at fuel stations. Officials […]
Airline stocks across Asia, Europe and the United States fell for a second consecutive day as escalating conflict involving Iran triggered airspace closures, fuel price spikes and widespread passenger disruption across the Middle East. Major aviation hubs in the Gulf, including Dubai International Airport, remained closed for a fourth straight day, stranding tens of thousands […]
OPEC+ is expected to consider increasing oil production approximately 137,000 barrels per day in April as the alliance prepares for seasonal demand growth and monitors rising geopolitical tensions affecting global energy markets. According to sources familiar with internal discussions, eight key producers within the broader OPEC+ coalition are scheduled to meet on March 1 to […]
OPEC+ is leaning toward resuming oil output increases from April, according to several sources familiar with internal discussions, as the alliance positions itself for stronger seasonal demand and sustained price momentum. The group, which includes members of OPEC and key partners such as Russia, had paused planned production hikes during the first quarter of 2026. […]
Oil prices climbed about 1 percent on Wednesday as renewed tensions in the Middle East outweighed concerns over a sharp increase in US crude inventories, keeping energy markets focused on geopolitical risk. Brent crude futures settled at 69.40 dollars per barrel, up 0.87 percent, while West Texas Intermediate crude rose nearly 1.05 percent to close […]
Oil prices are traditionally seen as one of the clearest indicators of global economic health, but recent market behavior suggests they are offering fewer reliable signals than in the past. Increasing geopolitical tension, opaque stockpiling practices and shifting sanctions regimes are distorting price movements, leaving traders struggling to interpret what the market is truly saying […]
The latest U.S. Dietary Guidelines have placed olive oil and table olives firmly at the center of healthy eating, signalling a meaningful shift in how Americans are encouraged to approach fats and everyday cooking. Issued jointly the United States Department of Agriculture and the Department of Health and Human Services, the recommendations will guide national […]
Residents and businesses in the Azores will see a mixed adjustment in fuel prices as 2026 begins, with diesel becoming more expensive while petrol and butane gas see slight reductions. The changes were confirmed through a decree published in the Official Gazette and reflect the ongoing balancing act between global energy markets, regional costs, and […]
