Energy

Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the Middle East could hurt oil production, even as worries about weak crude demand ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the launch of the Shorewinner project. This initiative, Keve explained, is aligned with the European Green Deal, and seeks ...

The chairman of the parliamentary energy committee has fired a volley of tough questions at the energy minister over the Great Sea Interconnector (GSI) in his persistent effort to pin ...

Oil giant Saudi Aramco (2222.SE) on Tuesday reported a 3.4 per cent fall in second-quarter profit on lower crude volumes and softer refining margins, yet kept its generous dividend policy unchanged, ...

The Employers and Industrialists Federation (OEV) have weighed in on the proposed subsea electricity cable linking the Cypriot grid to Greece, calling the project an opportunity not to be missed. ...

Oil futures extended losses in a volatile session on Monday as fears of a recession in top oil consumer the United States offset supply worries stemming from mounting tensions in ...

The Environment Department this week announced an extension of the application deadline for a grant scheme aiming to encourage businesses in Cyprus to reduce their gas emissions. According to the ...

Saudi Basic Industries Corp (SABIC) (2010.SE), one of the world’s biggest petrochemicals companies, reported a close to 85 per cent jump in second-quarter net profit on Thursday, helped by higher ...

Partners in the Israeli Leviathan offshore gas project have approved a $429 million investment to expand the field and increase production, a statement from the group said on Thursday. The expansion ...

The government will not deviate from its goal to complete the Vasiliko terminal and gain the capacity to bring natural gas to the island, deputy government spokesman Yiannis Antoniou said ...

Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk ...

State authorities will be hard pressed on Tuesday at an extraordinary meeting convened by the House energy committee, to discuss the Vasiliko LNG project fiasco, among other hot topics. Energy ...

Speculation spun into overdrive on Monday over which officials in Cyprus might land in hot water over the liquefied natural gas project fiasco amid an ongoing probe into the matter ...

European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of US projects in doubt because of fears over what a potential election ...

Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which ...

The European public prosecutor’s office (EPPO) should investigate the processes behind the Great Sea Interconnector (GSI), House energy and commerce committee Chairman Kyriacos Hadjiyiannis said on Friday. He also ...

Cyprus experienced an overall decline in the sales of petroleum products during June, which amounted to 127,395 tonnes, marking a 4.1 per cent decrease compared to June 2023, according to the latest figures ...

Oil prices were little changed on Friday but on track for a third consecutive weekly decline, pressured by muted demand in China and expectations of a Gaza ceasefire deal that ...

The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday, citing several unnamed sources. Russia is the world’...

A contract worth €50 million was signed by the electricity authority (EAC) and the Cyprus Telecommunications Authority (Cyta) on Thursday for the installation of and subsequent operation of smart meters across ...

Without transparency and proper financial analysis, the Great Sea Interconnector risks turning into a bane for Cypriot consumers, the House commerce committee chairman said on Wednesday. Disy MP Kyriacos Hadjiyiannis, ...

The Cyprus distribution system operator expects a lower demand for electricity for Tuesday compared to the all-time record recorded the previous day, deputy spokesperson Rogiros Tapakis said. Temperatures on Tuesday ...

The Chinese CPP-Metron Consortium Ltd (CMC) should never have been awarded the Vasiliko liquified natural gas (LNG) project President Nikos Christodoulides said on Monday, as damning statements of blame continued ...

During the last two months two major reports were released reviewing world energy. First was the Energy Institute’s (EI) ‘Statistical review of world energy 2024’ published in June, followed by ...