Energy

Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a US interest rate cut. Brent ...

Andreas Poullikkas, has drawn attention to the pivotal roles of the Henry Hub (HH) in the United States and the Title Transfer Facility (TTF) in Europe in shaping global natural ...

Russia’s state oil firm Rosneft (ROSN.MM) has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance (RELI.NS) in the biggest ever ...

OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China’s sputtering ...

Meta (META.O) has announced that it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to ...

The Energy Ministry is offering a second chance for small and medium-sized enterprises (SMEs) and non-profit organisations to secure funding through the ‘Save – Upgrade’ scheme. This initiative, backed by the ...

Shell (SHEL.L) and Norway’s Equinor (EQNR.OL) will merge their British North Sea assets to form the ageing basin’s largest oil and gas company, the pair said ...

The Electricity Authority of Cyprus (EAC) provided an update on Thursday regarding its modernisation efforts, cautioning that electricity prices will not significantly decrease without the introduction of natural gas. EAC ...

Abu Dhabi, the capital of the United Arab Emirates (UAE), set out measures on Wednesday to simplify processes for businesses as it strives to diversify its economy away from oil. ...

Oil prices firmed on Wednesday as market participants weighed up geopolitical tensions and the prospect of OPEC+ extending supply cuts against weaker demand. Brent crude futures rose 23 cents, or 0.3 per ...

Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices ...

Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking ...

Oil prices drifted lower on Thursday after a surprise jump in US gasoline inventories, with investors focusing on this weekend’s OPEC+ meeting to discuss oil output policy. Brent crude ...

Petroleum product sales in Cyprus saw a 3.5 per cent increase in October 2024 compared to the same month in 2023, reaching 135,250 tonnes, according to a report released by the Cyprus Statistical Service. ...

Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an ...

Oil prices edged higher in early trade on Tuesday after falling in the previous session as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil’...

Energy Minister George Papanastasiou on Friday expressed his hope that American multinational oil and gas corporation ExxonMobil’s decision to begin drilling for natural gas in block 5 of Cyprus’ Exclusive ...

Millions of British households will see energy bills tick up in January after regulator Ofgem said it would increase its domestic price cap by 1.2 per cent from January as volatile ...

Oil prices held steady on Friday, on track for a weekly rise of 5 per cent, as the Ukraine war intensified and Chinese imports were set to increase in November. Brent ...

ExxonMobil will drill a well offshore Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday at an energy and geopolitics event in Nicosia. “We’...

OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen ...

PwC Cyprus, in collaboration with Multimarine Services Ltd, SignalGeneriX Ltd, and Theophrastus Research Institute, has been awarded Project Symbiosis by the European Defence Agency (EDA). Announced this week, the initiative ...

Oil prices held steady on Tuesday after the previous day’s rally, driven by a halt in production at Norway’s Johan Sverdrup oilfield, and as investors remained cautious amid ...

The 12th Energy Symposium, held at the Royal Hall in Nicosia, highlighted the urgent need for swift decisions and actions in Cyprus’ energy sector. The event, organised by FMW Financial ...