OPEC meets on output increase as oil prices rally
OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand...
Energy
OPEC+ considers options for releasing more oil to the market
OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, at...
China seeks to quell power crunch fears, as coal prices soar, winter nears
China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s...
Saudi Arabia plans to issue green bonds soon to advance ESG plans
Saudi Arabia plans to issue green bonds soon, an official said on Monday, as the oil-producing kingdom seeks to embrace environmental, social and governance (ESG)...
Europe needs long-term energy plan, Eni CEO says
Soaring gas prices as winter approaches are evidence that the European Union needs to work out a long-term energy security plan, the head of Italy’s...
Cyprus moves closer to electricity interconnections with neighbouring countries
Cyprus is moving closer to its goal to end energy isolation, with significant developments concerning electricity interconnections with its neighbouring countries. According to Cyprus News...
Soaring gas prices ripple through heavy industry, supply chains
Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply...
Cypriot industry will be green, digitised and add value, Pilides says
Cyprus is working towards an efficient, greener and value-oriented industry sector, Minister of Energy, Commerce and Industry Natasa Pilides said on Monday. “We are one...
Norway to raise gas exports to Europe as prices soar
Norway will allow state-controlled Equinor (EQNR.OL) and its partners to increase gas exports from two offshore fields for the next 12 months amid concerns over...
Renault plans 2,000 job cuts in France as it moves to electric cars
French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and...
Europe’s power firms locked out of record price bonanza
Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in...
Russia’s Gazprom says Europe gas prices could set new records
Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom (GAZP.MM),...
Cyprus Business Now: energy market and shipping industry updates
The Cyprus shipping industry met with the International Chamber of Shipping (ICS) on Tuesday, September 14, to discuss the various technical and environmental issues stemming...
Cyprus Energy Symposium to examine energy landscape
The ninth edition of the Cyprus Energy Symposium will put the spotlight on all energy-related issues pertaining to Cyprus, a statement by its organisers said....
Harvard University to end investment in fossil fuels
Harvard University is ending its investments in fossil fuels, the school’s president said on Thursday, drawing praise from divestment activists who had long pressed the...
OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says
The head of Russia’s No. 2 oil producer Lukoil (LKOH.MM) said that oil prices of $65-$75 were “comfortable” for consumers and that the OPEC+ group...
Saudi Arabia slashes oil prices to Asia; US, Europe prices steady
Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern...
US backs plan to bring badly-needed gas to Lebanon from Syria
The US has backed a plan to bring desperately needed gas to Lebanon from Syria. Syria said on Saturday that it welcomed Lebanon’s request to...
Oil rises on demand outlook, Gulf outages
Oil prices rose on Friday as a rebound in global demand was widely expected and a slow recovery for the US Gulf Coast export and...
Iranian oil, despite sanctions, is on it’s way to Hezbollah in Lebanon
The first Iranian fuel oil cargo secured through Lebanon’s armed group Hezbollah will be delivered via Syria by truck to avoid complications related to sanctions,...
