Energy

Oil prices pared losses on Friday, after falling sharply in early trade and by over 2 per cent on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ ...

OPEC+ oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional ...

Chevron’s call for synergies between companies regarding natural gas in Cyprus’ exclusive economic zone (EEZ) is positive, Energy Minister George Papanastasiou said on Wednesday. “Our ministry’s position has ...

Just over a sixth of Cypriot electricity consumption came from renewable energy sources in 2022, it was learned on Wednesday. The exact figure, 17.2 per cent, was included in a report handed ...

Oil edged higher on Wednesday as investors turned cautious ahead of a crucial OPEC+ meeting to decide output policy in the coming months, while a supply disruption caused by a ...

Energy Minister George Papanastasiou conceded on Tuesday that Cyprus cannot become an energy hub in the eastern Mediterranean, as it lacks the necessary infrastructures. He made the remarks during the ...

One of Russia’s most lucrative oil trade routes since the imposition of Western sanctions over the Ukraine conflict faces a major challenge because of the drawbacks of payment in ...

OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday. ...

The government has given energy giant Chevron until Friday to put its position in writing concerning the commercial development of the offshore Aphrodite gas field, the energy minister revealed on ...

The Israel-Hamas war is a crisis but, in terms of energy, what happens is dependent on the extent and duration of the fighting. The concern is that the main combatants ...

Navigating the complex interplay of geopolitics and geoeconomics By Panayiotis Tilliros The world is currently witnessing a tumultuous period marked by three significant wars that have far-reaching geopolitical, geoeconomic and ...

Energy Minister George Papanastasiou on Saturday stated that both the Cypriot government and Chevron are highly optimistic that they will come to a mutually accepted plan over the Aphrodite gas ...

A preliminary version of the EuroAsia Interconnector electricity interconnection project has been sent to the energy ministry and the final text of the study will be sent next week, Energy ...

Energy Minister George Papanastasiou said on Thursday that he is much more optimistic about reaching an agreement with Chevron over the development of Aphrodite natural gas field. He added that ...

Oil prices fell by more than 1 per cent on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers might cut output ...

Goldman Sachs says the possibility of a deeper group oil output cut is on the table when OPEC+ oil producers meet this weekend, and it expects Saudi Arabia and Russia ...

An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to materials from the ...

Energy Minister George Papanastasiou on Tuesday spoke of “cautious optimism” regarding talks with energy giant Chevron over development of the Aphrodite offshore gas field. Without divulging details of the discussions – ...

Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group ...

In an ongoing back and forth, the government was due to respond to Chevron’s letter in negotiations over the development of the Aphrodite natural gas reservoir on Monday night, ...

Energy Minister George Papanastasiou on Monday opened this year’s Industry Week by reaffirming the government’s resolve to support the sector in Cyprus, underpinned by its commitment to the ...

Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle ...

By Charles Ellinas The UN Intergovernmental Panel on Climate Change (IPCC) released in September a review of the energy transition progress on meeting the Paris Agreement goals, referred to as ...

Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5 per cent to a four month-low on Thursday on worries ...