Energy

Artificial intelligence will play a vital role in the future of the energy sector, especially as it continues to become more digital and decentralised, according to Cyprus Energy Regulatory Authority (...

European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their ...

Oil rally to $100 not ruled out by OPEC sources So far in 2023 Brent is up slightly at just over $86 China demand rebound, lack of sizeable supply growth key drivers Some ...

Russia to cut oil output by around 5 per cent in March Brent rises 2.5 per cent on the news West introduced price caps on Russian oil over Ukraine Russia banned deals ...

Russian state oil revenues fall 40 per cent on sanctions Tanker owners post record profits, traders and bankers say India, China get cheaper oil Western sanctions on Russia have significantly reduced ...

BP (BP.L) on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia’s invasion of Ukraine, while boosting its dividend in ...

Britain is likely to spend 69 billion pounds ($82.95 billion) on schemes to protect households and business from soaring electricity costs, half of the original estimate, a UK spending watchdog said, as ...

Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of US dollars, four sources with knowledge of the ...

France is leading a campaign for the European Union to recognise low-carbon hydrogen produced from nuclear power in its renewable energy rules, but some member states oppose the idea for ...

Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset ...

The subsidy for the cost of electricity consumption from September 1, 2022 to January 31, 2023 amounted to €58.4 million, the finance ministry said on Thursday. In an announcement, the ministry said that it had ...

Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01, ...

Turkey will hold a natural gas summit on Feb. 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on ...

The inauguration of the VLPG consortium’s LPG terminal at Vasiliko is not only a boost to the island’s energy hub but was the final step in removing oil ...

Europe is striving to cut the costs of operating wind turbines on water. By Michael Allen Off the coast of Portugal, a team of underwater robots is scanning the base ...

By Maria Demertzis The global fight against climate change suffers from a problem that holds back international action in many areas: countries make promises and set goals, but then fail ...

Oil prices rose for a second session on Friday, buoyed by stronger than expected US economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese ...

As Europe strives to become the first climate-neutral continent by 2050, Turku and Dijon are among a group of cities seeking to reach this goal two decades earlier. By Gareth Willmer ...

We still lag terribly behind on the use of renewables and battery storage and there’s no firm date for the import of LNG at Vasiliko In a first, and ...

By Charles Ellinas With no end in sight for the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. On top of ...

Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB (SLB.N) has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, ...

Europeans have dialled down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it on by almost a month and ...

The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after ...

A meeting between the energy and finance ministers, and unions representing workers at the Electricity Authority (EAC) has been rescheduled for this coming Friday. The meeting had been set for ...