Energy

Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising with the start of ...

Cyprus’ Electricity of Authority (EAC) has approved works that will cost €45 million, it was reported on Wednesday. According to the head of the authority George Petrou, the EAC board of ...

Oil prices edged up in Asia on Tuesday, extending gains from the previous session, buoyed by expectations of strong fuel demand from the US during the summer, and ahead of ...

Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco (2222.SE) as soon as June in what would be one of the region’s biggest stock deals, two ...

The Electricity Authority of Cyprus (EAC) has begun examining what tariff hikes it will impose for 2025, the head of the state-run utility said on Monday. Giorgos Petrou, board chairman at ...

The Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) will sign a Memorandum of Understanding (MOU) governing negotiations on the secondary market of Guarantee of Origin certificates from ...

Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the US Federal Reserve entertaining further tightening of interest rates if inflation remains sticky, ...

The London-based independent exploration and production company Energean, which specialises in developing resources across the Mediterranean, on Thursday announced the discovery of new gas findings, in the context of disclosing ...

Shell (SHEL.L) expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some ...

The Cyprus University of Technology (Tepak) and the Polemidia municipality announced on Wednesday that they have agreed to jointly develop a photovoltaic (PV) park with a total capacity of approximately 9 ...

The Vasiliko liquified natural gas (LNG) project is “not shipwrecked” President Nikos Christodoulides said on Tuesday after widespread speculation that the project’s future was looking increasingly dire. Christodoulides, in ...

Researchers are helping residents across the EU opt for clean energy. By Helen Massy-Beresford Europe has a common goal of clean energy and numerous paths towards it. One of the ...

The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk ...

President Nikos Christodoulides will meet with Chinese ambassador Liu Yantao on Monday to discuss the ongoing and escalating spat between Chinese-led construction firm CPP-Metron Consortium Ltd (CMC) and Natural Gas ...

Chinese-led construction firm CPP-Metron Consortium Ltd (CMC) has hit back at Natural Gas Infrastructure Company (Etyfa) in the latest round of their ongoing spat regarding the under-construction liquefied natural gas (...

Natural Gas Infrastructure Company (Etyfa) on Friday slammed what it called the “unfortunate and desperate attempt” by the consortium constructing the beleaguered natural gas terminal at Vasiliko to “mislead public ...

Chevron (CVX.N) said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy ...

The House on Thursday gave the nod to a law that unties the hands of the Cyprus Telecommunications Authority (CyTA), allowing the semi-governmental organisation to land a contract for supplying ...

Hellenic Bank on Thursday announced that it achieved a recertification under the International Energy Management System ISO 50001, focusing on energy management, for yet another year. “With a focus on energy ...

Oil company Chevron (CVX.N) was the most shorted US stock in April, overtaking long-standing top target Tesla (TSLA.O) as short-sellers up their bets on weaker energy prices, according ...

OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would switch to focus on projected demand for OPEC+ crude, reflecting that ...

The first results of the cost-benefit study requested by the energy ministry for the Greece-Cyprus Great Sea Interconnector electricity project are anticipated to be unveiled by the end of May, ...

Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the United States and a return to ...

Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas ...