Energy

Oil rose on Wednesday as the American Petroleum Institute reported a drop in US crude inventories and investors awaited the next steps in talks to end the Ukraine war, with ...

The Sustainable Development Solutions Network (SDSN) Cyprus has expressed concern over the country’s ranking of 56th out of 167 nations and last in the European Union in the 2025 Sustainable Development ...

Oil prices fell on Tuesday as traders weighed the possibility that talks between Russia, Ukraine and the US to end the war in Ukraine could lead to the lifting of ...

Oil prices edged up on Monday after White House trade adviser Peter Navarro said India’s purchases of Russian crude were funding Moscow’s war in Ukraine and had to ...

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency ...

Oil prices erased losses on Wednesday after US Treasury Secretary Scott Bessent said sanctions against Russia or secondary tariffs could go up if Friday’s meeting between President Donald Trump ...

It is expected that there will be no power cuts on Wednesday night, electricity authority (EAC) spokeswoman Christina Papadopoulou said. Speaking to the Cyprus Mail, she said a generator at ...

Oil prices were broadly steady on Tuesday as the United States and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would hit oil ...

The continuous power cuts faced by the north after an explosion at a substation on Friday “would have been more widespread” were it not for the Republic stepping in to ...

Oil prices edged higher on Monday, after falling more than 4 per cent last week, as investors looked ahead to talks between the US and Russia later this week on the ...

The Republic of Cyprus is providing electricity to the north on Monday, as the north’s energy woes continue into a fourth day following an explosion at a substation on ...

Kuwait’s Oil Minister, Tariq Al-Roumi, stated on Thursday that OPEC is closely observing global oil market developments, including supply and demand dynamics, as well as recent comments made by ...

Turkey’s aggressive and multi-faceted energy strategy is posing increasing challenges for Cyprus and the broader Eastern Mediterranean region, according to Andreas Poullikkas, professor of energy systems and former chairman ...

The electricity authority (EAC) on Wednesday called on trade unions to act responsibly after facing criticism the previous day regarding its plans to upgrade Cyprus’ electricity network. Unions had said ...

Oil prices edged higher on Monday, paring earlier losses, as traders expect the market to absorb another large output hike by OPEC+ in September, while worries about disruptions to Russian ...

ADNOC Drilling (ADNOCDRILL.AD), a unit of Abu Dhabi’s state oil giant, reported a 19 per cent rise in second-quarter profit this week, supported by strong performance in its oilfield ...

Two separate studies conducted by two “serious and reliable” organisations show that the Great Sea Interconnector project “is not sustainable”, Finance Minister Makis Keravnos said on Friday. Speaking to Politis ...

Oil prices fell nearly 1 per cent on Wednesday as investors awaited developments on US President Donald Trump’s tighter deadline for Russia to end the war in Ukraine and his ...

There are strong echoes of Donald Trump’s failed trade deal with China from his first term as US president in the framework agreement reached with the European Union. Trump ...

Cyprus’ industrial sector relied primarily on oil and petroleum products and electricity in 2023, which together accounted for over half of its total energy use, according to Eurostat figures released on ...

Electricity demand in Cyprus exceeded all expectations on Wednesday afternoon, reaching a new yearly high of 1,211 megawatts at 2:15pm, according to updated figures from the Transmission System Operator (TSO). This ...

Oil prices declined for a third consecutive session on Tuesday on concerns the brewing trade war between major crude consumers the United States and the European Union will curb fuel ...

The finance ministry has asked “reasonable questions” regarding the Great Sea Interconnector project in its letter to the energy ministry, Energy Minister George Papanastasiou said on Tuesday. Speaking to CyBC ...

Google has agreed to secure as much as 3 gigawatts of US hydropower in the world’s largest corporate clean power pact for hydroelectricity, the company has announced, as Big Tech ...