Energy

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market. ...

Cyprus must urgently decouple renewable energy prices from volatile fossil fuel costs to ensure stability and fairness in its electricity market, according to energy systems expert and former Cyprus Energy ...

On a purchasing power basis Malta had the lowest electricity price in Europe in 2024, in contrast to Cyprus that had the second highest price. Both are small island states within ...

Oil prices climbed more than 1 per cent on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, while support also came from data that showed US ...

Energy Minister George Papanastasiou on Tuesday said there was no justification for any increase in fuel prices despite the present geopolitical upheaval in the Middle East. Speaking after the conclusion ...

Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas ...

The Cyprus Stock Exchange (CSE), acting as the clearing body for the competitive electricity market (CEM), on Monday announced the launch of a certification process for energy clearers. The process ...

Shipping Deputy Minister Marina Hadjimanolis on Monday warned of “global implications” if Iran blockades the Strait of Hormuz. “The developments are rapid and without a doubt very worrying, with global ...

Cyprus recorded the fourth lowest share of renewable energy in net electricity production among EU member states during the first quarter of 2025, according to data released by Eurostat. Across the ...

Fuel prices in Cyprus are expected to see a sharp, but temporary, rise due to the conflict between Israel and Iran in the Middle East, Energy Minister George Papanastasiou said ...

Petrolina (Holdings) Public Limited this week approved a final dividend of 2 cents per share at its 25th annual general meeting of shareholders. The decision came as the company reported a ...

The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday.  The request was ...

Oil prices fell on Wednesday, after a gain of 4 per cent in the previous session, as markets weighed up the chance of supply disruptions from the Iran-Israel conflict and as ...

Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening ...

Consumers will have to wait two more weeks to find out if the Electricity Authority of Cyprus (EAC) hikes its tariffs by 3 per cent, reports said on Tuesday. The matter ...

The Crete–Cyprus electricity interconnection is moving steadily forward, but only until August, according to reports that emerged on Tuesday.   Nexans, the French cable contractor, has confirmed it will continue ...

Oil prices edged down on Monday, after surging 7 per cent on Friday, as renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected. ...

The energy ministry on Sunday called on oil traders to demonstrate the “maximum responsibility” as the conflict in the Middle East sent oil prices soaring over the weekend. Meanwhile, the ...

Fuel prices are expected to rise sharply as a result of escalating tensions in the Middle East, chairman of the association of petrol station owners Savvas Prokopiou said on Friday. “...

President of the technical chamber Etek on Thursday said that the energy minister’s concerns about the opening up of the electricity market were reasonable and justified. In a written ...

The Cyprus Stock Exchange (CSE) announced on Thursday that it is now accepting applications for registration as direct and general clearing members for the competitive electricity market (CEM). The CSE ...

Energy Minister George Papanastasiou on Wednesday said there is “no way” that consumer electricity bills will go up by 9.5 per cent. Speaking after the day’s cabinet meeting, he described ...

OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi ...

Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures ...