Energy

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 ...

Polish refiner Orlen has in recent months chartered at least 10 tankers that previously shipped Russian oil to Asia to deliver Arab crude to its refineries in Lithuania and Poland on ...

Norway’s latest offshore oil and gas exploration licensing round attracted bids from 25 companies, including Shell , ConocoPhillips (COP.N), Aker BP (AKRBP.OL) and Equinor (EQNR.OL), the energy ministry ...

Oil prices were little changed on Tuesday as investors weighed the enduring possibility of another US interest rate hike undercutting demand against supply concerns emanating from a hurricane hurtling towards ...

The government has rejected the latest proposal on developing the Aphrodite gas play as it tilts the scales in favour of the companies holding the concession while at the same ...

The electricity supply of the north’s public broadcaster Bayrak and the Hala Sultan Mosque in Mia Milia were cut off on Monday, according to the north’s electricity authority (...

The north paid the Republic around €14 million for electricity in the space of the last month, its electricity authority (Kib-Tek) employees’ union (El-Sen)’s general secretary Ahmet Tugcu said on ...

Cyprus-based Multimarine Services Ltd this week announced that it has marked a significant achievement with the successful construction of a floating electrical hub, heralding the island’s entrance into the ...

The audit office has written to EU bodies as well as Cypriot officials raising concerns over the interconnector project, it emerged on Friday. The letter details a lack of transparency ...