Energy

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 ...

Jobs in the US clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first ...

The government is “examining the possibility” of declassifying Cyprus’ energy market from its current status as “emergent”, Energy Minister George Papanastasiou said on Wednesday. Cyprus’ energy market is currently classified ...

Cyprus’ authorities “have not seen” the financing plan for the Great Sea Interconnector project, the finance ministry’s permanent secretary George Panteli said on Wednesday. Speaking at an extraordinary meeting ...

Oil prices slipped on Wednesday on persistent concern over Chinese demand and elevated risks of a broader slowdown, though the decline was capped by potential supply losses from the Middle ...

Oil prices paused recent advances to trade in a range on Tuesday, after a surge of more than 7 per cent in the previous three sessions, on supply concerns prompted by ...

Finance Minister Makis Keravnos on Monday waved off the notion he might quit over lingering concerns he has regarding the mooted Cyprus-Greece electricity interconnector. Speaking to the ANT1 television channel, ...

The Israeli partners in the consortium holding the concession on the Aphrodite offshore gas reservoir confirmed on Monday that they had received from the Cypriot government a ‘notice of breach’ ...

The government is due to give the thumbs-up on Tuesday to a call for tender for the selection of a project manager for the troubled Vasiliko LNG terminal. The decision ...

The electricity authority (EAC) on Monday cancelled a meeting with the electricity market association (EMA) over what they described as a “violation” of an agreement on the EMA’s part ...

Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while approaching US interest ...

Battery maker Northvolt will shut down and shift development of lithium-metal battery technology from California to its R&D hub in Vasteras, Sweden, the company announced. The decision is ...

This week saw the Electricity Authority of Cyprus and private energy producers trading barbs over who is gouging consumers and who’s responsible for the high electricity prices. So what’...

Oil prices were little changed on Friday but on track to end the week lower, as weaker US employment data raised concerns over demand, and renewed ceasefire talks in Gaza ...

The European Commission has given assurances that it will use “all the diplomatic means at its disposal” in order to protect the Great Sea Interconnector (GSI) after reports this week ...

Oil prices were steady on Thursday, after falling for four straight days as investors worried about the global demand outlook, but a decline in US fuel inventories provided a floor. ...

Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about ...

Dealmaking activity in the oil and gas industry increased 57 per cent last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according ...

Private renewable energy (RES) companies are trying to squeeze the electricity authority (EAC) out of the running, the authority’s chairman said on Tuesday. Giorgos Petrou made his statements to ...

Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease concerns over supply disruptions in the Middle East. ...

Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week, a Goldman Sachs note seen by Reuters on ...