Turkey hikes gas prices for industry, households
Turkish state-owned energy importer BOTAS said late on Thursday it had raised natural gas prices for industrial facilities by 50 per cent and those for households by 35 per cent, raising the ...
IEA to hold emergency meeting to tackle soaring oil prices
The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to ...
Europe’s energy crisis sends shockwaves through Germany’s industrial heart
Germany’s Mittelstand, the small and mid-sized companies that power Europe’s largest economy, was already battling its biggest crisis in a decade trying to absorb rocketing energy bills.
Then ...
What happens if Russia turns off gas flows to Germany?
Russia’s demand that some buyers pay for its gas in roubles has raised concerns in Germany, which relies on Russian fuel, that the payment dispute could escalate and disrupt ...
Oil drops on Ukraine peace talk hopes, China demand fears
Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s financial hub of Shanghai ...
UK’s National Grid to sell 60 per cent stake in gas unit to Macquarie, BCI
Britain’s National Grid (NG.L) said on Sunday it would sell a 60 per cent stake in its British gas transmission and metering business to Australia’s Macquarie Asset Management ...
Global energy markets upended for good
Ukraine crisis has created opportunities for the East Med region and Cyprus gas
With the EU seeking to get-rid of Russian gas – now at 40 per cent – by two-thirds by the ...
Could the US ship more LNG to Europe?
The United States, the world’s top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas ...
Energy Minister to help promote Cyprus in Egypt
Energy Minister Natasa Pilidou will meet with her Egyptian counterparts in Cairo on Sunday and Monday, a ministry statement announced on Saturday.
According to the statement, Pilidou is leading a ...
US, EU strike LNG deal as Europe seeks to cut Russian gas
The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the ...
Oil slides near 2 as EU fails to boycott Russian crude
Crude prices slid nearly 2 per cent on Thursday after the European Union (EU) did not agree on a plan to boycott Russian oil and as the United States and its ...
Challenges arise as Russia calls for gas payments in roubles
Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the rouble.
...
Oil rises in volatile trade amid CPC pipeline disruption
Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline.
Brent crude futures were up $3.13, or 2.7 per cent, at $118.61 ...
High quality natural gas in Glaucus-2 but doubts over quantity (Updated)
ExxonMobil and Qatar Petroleum, consortium partners in Block 10 of Cyprus’ Exclusive Economic Zone have found “high-quality natural gas” in the ‘Glaucus-2’ appraisal well, the energy ministry said Monday.
In a ...
Oil jumps as EU weighs Russian ban, Saudi refinery output hit
Oil prices jumped more than $3 on Monday, with Brent above $111 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack ...
Countries and companies shun Russian crude over Ukraine invasion
Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its crude oil and oil ...
Saudi Arabia hikes oil investments as it profits from price surge
Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it ...
Ukraine war opens diplomatic and energy opportunities for Qatar
Russia’s invasion of Ukraine has opened up diplomatic and commercial opportunities for gas exporter Qatar to expand energy sales to the West and bolster its alliance with Washington amid ...
Solar energy use among highest in Europe says Pilidou
Cyprus has work to do in order to accelerate its switch to greener forms of energy, but has already accomplished a fair amount, Energy Minister Natasa Pilidou said during a ...
Ukraine war: impact on oil & gas markets
The war in Ukraine could not have come at a worse time for the global economy. It has come at a time when the recovery from Covid-19 has begun to ...
Microsoft data centres to heat Finnish homes, cutting emissions
Finnish utility Fortum (FORTUM.HE) said on Thursday it will use waste heat from two new Microsoft (MSFT.O) data centres to warm homes and businesses in and around the ...
Oil surges after IEA warns of shortfall in supply
Oil prices climbed about 3 per cent on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products ...
Minister says developments expected soon on gas deposits
Developments are expected soon over the exploitation of Cyprus’ natural gas fields, given the large increase in natural gas prices internationally, Energy Minister Natasa Pilides said on Thursday.
Speaking to ...
Three million barrels of Russian oil, products could be shut in next month: IEA
Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the ...