Energy

Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits – a dynamic that could spell tight supply ...

Oil prices fell by more than $1 on Wednesday ahead of the US Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much ...

At least $14.3 million worth of coal produced in areas of Ukraine annexed by Russia has been exported to NATO member Turkey this year, according to Russian customs data reviewed by ...

The ‘photovoltaics for all’ plan will start operating in two months, Energy Minister George Papanastasiou said on Monday. Speaking to CyBC in the morning, Papanastasiou said that funds from the ...

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and ...

Cyprus has the necessary know-how and conditions for the development of Renewable Energy Sources to contribute in the production of green hydrogen, experts said on Friday. Speaking at an information ...

Cyprus is gearing up to host the prestigious EMC 2023 – Eastern Mediterranean Conference & Exhibition on Energy from November 28 to 30, 2023. The event, held under the auspices of the Ministry of Energy, ...

Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with ...

Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour ...

Chairman of the Cyprus Energy Regulatory Authority (CERA) Andreas Poullikkas has stressed the importance of urban energy transition, particularly as global city populations continue to grow, while also making the ...

Oil prices eased on Monday as a stronger US dollar and economic concerns in China weighed on the outlook for fuel demand, but extended supply cuts by Saudi Arabia and ...

As Europe turns increasingly to clean sources of energy, EU researchers are on a quest to make hydrogen from solar rays and heat. By Tom Cassauwers In July 2023, when southern ...

Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify ...

Shell considered shutting its flagship Prelude liquefied natural gas facility off Australia for a year to fix issues that have plagued its operations, but instead opted for a shorter maintenance ...

Speeding up the transition to a greener economy would be cheaper than delaying it for euro zone companies, households and the banks that serve them, a European Central Bank study ...

Oil prices ticked up in early Asian trade on Wednesday after rising over 1 per cent in the previous session, as markets worried about a supply shortage after Saudi Arabia and ...

Oil prices spiked more than 1 per cent on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (...

Workers at Chevron’s (CVX.N) Gorgon and Wheatstone liquefied natural gas (LNG) projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on ...

Following three-way talks at the presidential palace on Monday, President Nikos Christodoulides, Israel’s Benjamin Netanyahu and Greece’s Kyriakos Mitsotakis reaffirmed their commitment to reinforce their cooperation in energy. “...

Chevron is probably prepared to negotiate around its proposed FDP, but it will probably be on the details rather than the substance It finally happened. Cyprus rejected Chevron’s updated ...

International credit rating agency Standard and Poor’s Global Ratings has upgraded the prospects of the Cypriot economy from stable to positive, citing the ongoing macroeconomic stabilisation. At the same ...

Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the US company’s plan to ...

Russia, one of the world’s biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of its southern breadbasket and the situation may ...

Oil prices eased on Thursday after data showed China’s manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited a US personal consumption expenditure ...