Energy

Oil output at the giant Exxon-led (XOM.N) Sakhalin-1 Russian Pacific project collapsed following the US major’s refusal to accept local insurance for tankers after Western insurers pulled out ...

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude ...

OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war of words with Riyadh, claimed Saudi ...

European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks, according to ...

By Andreas Charalambous & Omiros Pissarides The Kingdom of Saudi Arabia (SA) is an example of a state, whose economic and foreign policies have traditionally centered around its natural wealth. ...

An explosion in a coal mine in Turkey’s northern Bartin province on Friday killed 40 people, Interior Minister Suleyman Soylu said on Saturday, adding that search and rescue operations were ...

Oil prices plummeted on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Brent crude futures ...

Sweden has rejected plans to set up a formal joint investigation team with Denmark and Germany to look into the recent ruptures of the Nord Stream 1 and 2 pipelines, a Swedish ...

A project which will connect the Cypriot, Greek and Israeli power grids through the world’s longest submarine power cable which will total over 1,200 kilometres with a 2,000 Megawatt capability that ...

President Nicos Anastasiades on Friday addressed the opening of the Eastern Mediterranean Gas Forum (EMGF) Energy Transition Conference, noting that the conference being held in Cyprus underlines the collaborative relationship ...

EU Energy Commissioner Kadri Simson arrived in Cyprus on Thursday to take part in the inauguration of the works on the EuroAsia Interconnector that are set to start on Friday. ...

Oil prices struggled to find a footing on Thursday after easing in the previous session on a weakening global demand outlook. Brent crude futures fell 7 cents, or 0.1 per cent, to $92.38 ...

Israelis are as fed-up with soaring prices as they are with the country’s seemingly never ending elections. In the Nov. 1 ballot – a fifth in less than four years – steep ...

– President Vladimir Putin on Thursday touted Turkey as the best route for redirecting gas supplies to the Europe Union after the Nord Stream leaks, despite the region’s growing efforts ...

Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs ...

U.S. President Joe Biden spoke with the leaders of Israel and Lebanon on Tuesday to congratulate them over what the United States sees as a historic breakthrough over the ...

The ever-elusive date for opening up the electricity market appears to have been pushed back to 2023, as among other things the necessary legal regulations have yet to be passed by ...

The upcoming conference of the Eastern Mediterranean Gas Forum (EMGF) in Cyprus on October 14, which Minister of Energy, Commerce and Industry Natasa Pilides is leading as forum president, will centre ...

Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian ...

United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahyan will travel to Russia on Tuesday to meet with President Vladimir Putin, UAE state news agency WAM reported on Monday. UAE’...

Sweden won’t share findings of the investigation into the explosions of the Nord Stream gas pipelines with Russian authorities or Gazprom GAZP.MM, Swedish Prime Minister Magdalena Andersson said ...

Russian missile strikes on Ukraine’s power network caused blackouts in many parts of the country on Monday, deepening fears of outages this winter and prompting Kyiv to halt electricity ...

European Union countries will seek a November deal on more emergency measures to tackle high gas prices, officials said, although countries still disagree on what form those measures would take ...

Power transmission through a 600 megawatt (MW) undersea cable between Sweden and Poland was expected to resume by midnight on Monday after suffering an unplanned outage on Sunday evening, Polish power ...