Energy

Oil futures jumped in Asian trading on Monday as a potential hurricane system approached the US Gulf Coast, and as markets recovered from a selloff following weaker-than-expected US jobs data ...

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, according to ...

The Great Sea Interconnector project will go ahead “if its financial viability is ensured”, Greek Prime Minister Kyriakos Mitsotakis said on Sunday. Speaking at the Thessaloniki international fair, he said, “...

Disy leader Annita Demetriou and her predecessor Averof Neophytou on Friday exchanged differing opinions over the Great Sea Interconnector. Appearing on CyBC just minutes apart, Neophytou first on the radio ...

OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months, four sources from the producer group told Reuters ...

The government on Thursday decided to push back its decision to next Tuesday over the regulatory framework of the leg of the Great Sea Interconnector project connecting Cyprus to Crete. ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that the Shorewinner project, a pioneering effort to advance skills in the offshore renewable energy sector, is set for ...

The London Court of International Arbitration has reserved its decision over the €69 million claim filed for the Vasiliko liquified natural gas (LNG) terminal, it was reported on Thursday. According to ...

Cabinet’s final decision over the regulatory framework of the leg of the Great Sea Interconnector project which runs between Crete and Cyprus was delayed for another day on Wednesday, ...

Oil prices fell on Wednesday, extending a plunge of more than 4 per cent the previous day and hovering at their lowest since December, on expectations that a political dispute halting ...

A European Union directive by which a set percentage of energy used by member state residents must be derived from an interconnected source, means Cyprus must press ahead with the ...

The government on Tuesday was forced to deny media reports it has taken any final decisions hidden from the public eye regarding funding for the controversial electricity interconnector project. “No ...

Cyprus saw an increase in the sales of petroleum products during July, which totalled 134,484 tonnes, marking a 4.6 per cent increase compared to July 2023. According to a report released on Tuesday ...

Chevron on Tuesday confirmed that on August 30, it resubmitted a revised development plan for the Aphrodite gas field to the energy ministry for evaluation. The confirmation comes a day after ...

Turkish state energy company Botas and British oil major Shell (SHEL.L) will sign a long-term LNG agreement on Monday, the Turkish Energy Ministry said. It said Energy Minister Alparslan ...

The government is in talks with a number of stakeholders over the Great Sea Interconnector project, with a key aim of ensuring reduced electricity prices to the public, President Nikos ...

The updated development plan for the Aphrodite gas field is moving “in the right direction” President Nikos Christodoulides said on Monday, while sources suggested the government would be issuing its ...

British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and ...

Oil prices extended losses on Monday on expectations for higher OPEC+ production starting in October and as signs of sluggish demand in China and the US, the world’s two ...

Qatar has agreed to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for 15 years, the second such deal since 2020 as Kuwait imports the fuel to ...

OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of ...

The finance ministry reiterated on Thursday it’s not in a position to evaluate the mooted Cyprus-Greece electricity interconnector project as several parameters remain unknown, while the cost-benefit analysis provided ...

Energy Minister George Papanastasiou on Thursday discussed ways to “speed up” the exploitation of natural gas discoveries in Cyprus’ Exclusive Economic Zone (EEZ) with Egypt’s Petroleum Minister Karim Badawi. ...

Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in US crude inventories sapped demand expectations. Brent crude futures had ...