Energy

Oil prices rose for a second session on Friday, buoyed by stronger than expected US economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese ...

As Europe strives to become the first climate-neutral continent by 2050, Turku and Dijon are among a group of cities seeking to reach this goal two decades earlier. By Gareth Willmer ...

We still lag terribly behind on the use of renewables and battery storage and there’s no firm date for the import of LNG at Vasiliko In a first, and ...

By Charles Ellinas With no end in sight for the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. On top of ...

Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB (SLB.N) has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, ...

Europeans have dialled down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it on by almost a month and ...

The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after ...

A meeting between the energy and finance ministers, and unions representing workers at the Electricity Authority (EAC) has been rescheduled for this coming Friday. The meeting had been set for ...

Europe is set to ban imports of Russian oil products on Feb. 5 in a move that is already causing massive shifts in global diesel trading. Buyers are rushing to fill ...

The Cyprus Economy and Competitiveness Council on Friday published a report outlining a number of recommendations that seek to provide both medium and long-term solutions to the ongoing issue of ...

Oil prices traded mostly flat on Thursday, giving up gains made earlier in the day, as optimism over China’s demand outlook was tempered by caution ahead of upcoming inflation ...

Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in US crude and fuel inventories, global economic uncertainty and China ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Monday stated the energy transition, which primarily concerns the transition from fossil fuels to sustainable energy sources, while a necessary and ...

Oil prices climbed more than 2 per cent on Monday as China’s move to reopen its borders boosted the demand outlook and overshadowed global recession concerns. The rally was part ...

Oil rebounded over 2 per cent on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a US fuel pipeline ...

Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, ...

Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising ...

Oil prices held in a narrow range on Tuesday, though the outlook for demand was clouded by a weak manufacturing activity survey from China, and a warning from the head ...

Electricity authority (EAC) unions are hoping to meet with Labour Minister Kyriacos Koushos within the week, to resolve the ongoing demands of the workers, who are threatening measures if a ...

Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open ...

Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand ...

From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a ...

US oil major Exxon Mobil Corp (XOM.N) is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, ...

Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will disrupt its economic recovery as it unwinds its pandemic restrictions, ...