Energy

Ratings agency Morningstar DBRS said crude oil prices have risen sharply since coordinated attacks by the United States and Israel against Iranian military targets began on February 28, heightening political risk ...

Fuel prices are expected to rise “visibly” in the next 10 days, petrol station owners’ association chairman Savvas Prokopiou said on Monday, with a widening conflict now engulfing the region. He ...

The possible closure of the Strait of Hormuz is expected to disrupt supply chains and commercial activity, with knock-on effects on prices, the secretary general of the Cyprus Chamber of ...

Total petroleum product sales in Cyprus reached 118,460 tonnes in January, representing an 11.2 per cent increase compared to the same month in the previous year, according to the Cyprus Statistical Service (...

Most British households will see lower energy bills from April, energy regulator Ofgem said on Wednesday after cutting its price cap by 7 per cent under government measures to ease costs. ...

Cyprus is experiencing increasingly frequent and intense dust episodes and, against this backdrop, a new scientific study has quantified their direct impact on solar energy production. The study found that ...

MPs on Thursday squabbled over the state of the energy sector, even dredging up the 2011 deadly explosion at Mari naval base which took the nearby power station offline. The row ...

Energy Commissioner Dan Jorgensen responded to a question from Pasok MEP and S&D vice-president Giannis Maniatis regarding the Greece-Cyprus-Israel electricity interconnection project (GSI), reaffirming the European Commission’s ...

In an event that marks a new, dynamic era for the Esso gas station network, the management of Petrolina (Holdings) Public Limited and its subsidiary, eWise Cyprus Ltd, discussed their ...

The European Central Bank (ECB) on Tuesday detailed how persistently high electricity prices are undermining the European Union’s central strategy for achieving net-zero emissions through widespread electrification. The analysis ...

Cyprus recorded a 5.2 per cent reduction in greenhouse gas emissions in the third quarter of 2025 compared with the second quarter of 2025, placing it among the EU countries that achieved notable ...

The board of directors and management of Cyta on Friday issued a statement clarifying the organisation’s position on proposed amendments to the law governing its operation and its planned ...

Cyprus has recorded a 23.2 per cent reduction in its net domestic energy use intensity over the last decade, according to Eurostat. The figures show that the EU economy used 56.1 million ...

Industrial producer prices for energy in the domestic market across the European Union fell by 1.3 per cent in December 2025 compared with the previous month, according to Eurostat. These figures represent ...

Oil prices fell more than 1 per cent on Monday as fears of a Middle East conflict eased after the US and Iran pledged to continue indirect talks about Tehran’s ...

Petrolina (Holdings) Public Limited has completed the acquisition of ExxonMobil Cyprus Limited, with the transaction finalised end of January, 2026, the company said in a filing to the Cyprus stock exchange (...

Nuclear power generation across the European Union experienced a significant rebound during 2024 as twelve member states produced a combined 649,524 gigawatt hours of electricity, according Eurostat. This output represents an increase ...

Forecasts published last week show that by 2030 the EU could be reliant on the US for 80 per cent of its LNG imports (Figure 1). That could mean about 40 per cent of ...

Energean plc announced during its stock market update for preliminary 2025 results that the fourth quarter of 2025 was the strongest production quarter in the company’s history. The company stated the ...

The total sales of petroleum products in Cyprus rose by 4.9 per cent in December 2025 compared with the same month a year earlier, data released by the Statistical Service (Cystat) showed ...

Greece will hire an external adviser to review costs for a stalled project to build one of the world’s largest undersea power cable and link mainland Europe to Cyprus, ...

The European Union reached a record high in the use of renewable energy for heating and cooling in 2024, according to Eurostat, with the total share climbing to 26.7 per cent during ...

The Energy Ministry has launched a Digital One Stop Shop service for renewable energy sources on a pilot basis to support the energy upgrade of buildings, the Energy Service announced. ...

Plans for further natural gas drilling in Cyprus’ gas-bearing blocks 5 and 10, as well as the prospect of expanding cooperation with US energy giant ExxonMobil, were discussed at the Presidential Palace ...