Energy

Oil held its ground on Monday as downward pressure from a stronger US dollar and concern about demand in top importer China offset support from political uncertainty in the United ...

Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion and emissions ...

By Charles Ellinas Judging from the latest statements by the Energy Minister, George Papanastasiou, the negotiations with the Chinese-led consortium CPP-METRON Consortium Ltd (CMC) have probably been exhausted, with no ...

Energy Minister George Papanastasiou on Thursday took formal delivery of a cost-benefit analysis for the Great Sea Interconnector project – the mooted subsea electric cable linking Cyprus to Greece. The dossier ...

Energy Minister George Papanastasiou is on Thursday expected to take delivery of a cost-benefit analysis for the Great Sea Interconnector project. The analysis is set to be handed over by ...

The contract between the state Natural Gas Infrastructure Company (Etyfa) and CPP-Metron Consortium Ltd (CMC Ltd) for the construction of the natural gas liquification plant at Vasiliko is heading towards ...

Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased geopolitical tensions in the Middle East, while investors assessed potential ...

Europe and the European Commission (EC) consider electricity grid interconnections between member states as strategically important, contributing to Europe’s energy security. They offer economic efficiency, provide reliability to the ...

By Charles Ellinas Eni, the Italian multinational energy company, published its ‘Capital Markets Update’ on 14th March focusing on ‘a distinctive strategy to address the challenges and opportunities of the ...

Oil prices dipped on Friday but were on track for a fourth straight week of gains and were near their highest levels since late April on hopes of strong summer ...

The government is concerned the European Commission may withdraw its €657 million subsidy for the electricity connection between Cyprus and Greece through the Great Sea Interconnector project, Energy Minister George Papanastasiou ...

Eni denied on Thursday that it has been engaged in any discussion for the sale of shares in Cyprus, a company spokesperson told the Cyprus Mail after the government also ...

Cyprus’ decision on investing in the Great Sea Interconnector project will hinder whether the cost-benefit analysis is approved, it was reported on Wednesday. Speaking to CyBC in the morning, Energy ...

Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent crude futures rose 70 ...

Energy Minister George Papanastasiou highlighted Egypt as an essential partner for Cyprus during an interview with the Cyprus News Agency (CNA) on Sunday, in the context of the EU-Egypt Investment ...

Data centres and electric vehicles are expected to ramp up US power demand by about 300 terawatt-hours (TWh), equivalent to the electricity consumed annually by Turkey, by the end of the ...

US oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of ...

Total oil product sales in Cyprus saw a marginal year-on-year decrease of 0.2 per cent in May, while sales during the first months of the year are up compared to 2023, according ...

Cyprus Energy Regulatory Authority (CERA) Chairman Andreas Poullikkas this week provided an analytical overview of the European Union’s strides towards establishing a robust hydrogen market by 2030. “The EU’s ...

Implications of Euro-elections on European energy The headline in the FT following the June elections in Europe was: ‘Europe’s green backlash – Rightwing advances in EU parliament (EP) elections will ...

Brent oil futures were steady on Thursday, hovering just below seven-week highs as escalating conflict in the Middle East raised supply disruption fears while the market awaits US inventory data ...

Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said US crude inventories unexpectedly rose. Brent crude futures ...

The government on Wednesday announced it had extended the electricity subsidy until the end of October, meaning it will have been in place for exactly a year upon its currently ...

Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production. ...