Oil dips but hovers near three-year highs on recovery signs
Oil prices dipped on Thursday but still held close to their highest in almost three years, supported by drawdowns in US inventories and accelerating German...
Energy
Gulf states will take at least 10 years to end oil dependence – Moody’s
Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next ten years as efforts to diversify economies have...
Turkey turns to US firms with plans of Black Sea gas extraction
Turkey has shared data on its Black Sea discovery with US energy majors Chevron and Exxon Mobil ahead of possible cooperation in extracting the gas,...
Britain to classify ‘green’ investments to prevent greenwashing
Britain has set up a group of experts to help it classify climate-friendly assets and stop “greenwashing” of investments that don’t live up to their...
Lebanon’s president approves loan for fuel to generate electricity
Lebanon’s President Michel Aoun approved an exceptional loan of up to 300 billion Lebanese pounds ($200 million) on Monday for the state electricity company to...
Green transition deal gets approval as EU mulls state aid for renewables
European Union countries on Monday approved the bloc’s flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for...
Oil eases as investors await Iran nuclear talks this week
Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week’s talks between Iran and world powers over...
Germany says Ukraine will still transit gas after Nord Stream 2
Germany said Ukraine should remain a transit country for Russian gas, the Frankfurter Allgemeine newspaper reported, after President Vladimir Putin said it would depend on...
Putin says Nord Stream 2 gas link to be finished as US seeks good European ties
* First Nord Stream 2 line completed, Putin says * Gazprom shares rally, hit highest since mid-2008 * Putin says Russian gas to Europe to...
Oil hits over 1-year high on OPEC+ supply discipline, demand prospects
Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan...
OPEC, Russia seen gaining more power with Shell Dutch ruling
Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia....
Turkey to extract oil from 3 new onshore wells — Energy minister
Turkey will extract oil from three newly discovered wells in the country’s Diyarbakir and Kirklareli provinces, Turkish Energy Minister Fatih Donmez said on Thursday. “We...
EU countries seek to prolong bloc’s funding for gas projects
European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission’s plan to end...
Cyprus Recovery and Resilience Plan falls short on energy goals
Too many measures have only a short-term effect and major goals are neglected. By Dr. Charles Ellinas Cyprus’ government has put forward an ambitious ‘Recovery...
Oil prices up over $1 amid potential Iran talks hitch
Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman...
Oil drillers and Bitcoin miners bond over natural gas
On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and...
Nord Stream 2 sanctions waived by White House; pipeline is 95% complete
The decision came as the Biden administration seeks to rebuild ties with Germany, after relations deteriorated under Republican former President Donald Trump. The waivers have...
Cyprus Minister unveils scheme to stimulate new business activity
Cyprus minister of energy, commerce and industry Natasa Pilides presented a new scheme on Tuesday, May 18, to promote new business activity on the island....
Libya: 11,000 Turkish-backed Syrian mercenaries remain, threatening commerce
Over 11,000 Turkish-backed Syrian mercenaries remain in Libya despite a ceasefire agreement that calls for the withdrawal of all foreign fighters, the Libya Review reported on Saturday....
Nord Stream 2 – Nearly finished, ready to start this summer
Ever since its conception, the Nord Stream 2 project has faced controversy within Europe and has attracted the wrath of and sanctions from the US...