Energy

Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high US interest rates that ...

EU researchers are seeking to expand supplies of clean aviation fuels by producing more from agricultural sources. By Tereza Pultarova Professor David Chiaramonti is looking down at the ground to ...

Turkish energy company Aksa made $1 billion (€924 million) in profit in Cyprus since 2000, Cyprus Turkish Chamber of Mechanical Engineers chairman Ayer Yarkiner claimed on Friday. Yarkiner at a joint press conference ...

Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou this week met with his Egyptian counterpart Tarek El Molla, engaging in discussions on bolstering energy collaboration between Cyprus and Egypt. ...

For nearly a year, US natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an ...

Government subsidies on electricity and fuel tax will be extended into the spring, President Nikos Christodoulides said on Wednesday. The extensions to the subsidies were announced among a raft of ...

Cyprus took part in the 5th session of the Regulatory Authority Advisory Committee (RAAC), held on February 7, with discussions primarily revolving around the short-term and medium-term prospects for natural gas ...

Chairman of the Cyprus Energy Regulatory Authority (CERA) Andreas Poullikkas on Tuesday explained that significant reforms are needed in order to navigate the transition toward renewable energy sources. In an ...

Oil prices edged up on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand. Brent futures ticked up 3 cents to $83.59 a barrel by 0757 GMT. ...

Oil prices dipped on festering demand concerns and profit-taking prompted by last week’s gains as conflict in the Middle East showed no signs of easing. Brent crude futures were ...

Energy Minister George Papanastasiou said on Friday that findings from the ‘Cronos 2’ natural gas field were very positive. The well, located 160km off the coast of Cyprus in block 6, confirmed ...

Energy Minister George Papanastasiou hinted Thursday the government may terminate the contract with the CPP consortium with the contract to build the liquefied natural gas (LNG) terminal at Vasiliko. His ...

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract’s planned expiry at the end of the ...

Oil prices fell on Thursday after a larger-than-expected jump in US crude inventories raised doubts about the strength of demand in the world’s largest economy and top oil consumer. ...

Consulting and advisory firm PwC Cyprus has marked a significant achievement in its journey towards achieving net zero greenhouse gas (GHG) emissions, with the company successfully transitioning to using 100 per ...

Oil prices rose on Wednesday, reversing earlier losses, as major producer group OPEC kept to their relatively strong forecast for demand growth this year and an industry report showed a ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further ...

The Great Sea Interconnector is a “landmark project”, President of the House finance committee Christiana Erotokritou told the European parliament in Brussels on Tuesday. She said the cross-border benefits of ...

The chairman of the electricity authority (EAC) on Tuesday asked for consumers to stay patient a little longer while information regarding prices is being examined. The forecasts that led to ...

Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential US interest rate cuts and the ensuing impact on ...

Saudi Arabia’s U-turn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare ...

By Elias Hazou and Iole Damaskinos Speculation was ongoing on Monday as to the fate of consumers regarding electricity costs as deliberations between the electricity authority (EAC) and the energy ...

Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle ...

The Cyprus Electricity Authority (EAC) did not decide on electricity hikes on Friday, passing the responsibility to the Cyprus Energy Regulatory Authority (Cera) for failing to decide on price adjustments. ...