Energy

Egypt will again use daylight saving time this summer after a seven-year gap, the cabinet said on Wednesday, the latest in a series of government efforts to save energy. Last ...

British energy regulator Ofgem on Monday lowered its price cap on household energy bills from April, but this will offer little relief to consumers as energy costs continue to rise. ...

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 66 cents, ...

Climate and human rights activists sued two of France’s biggest corporations over fossil fuel financing and alleged human rights abuses on Thursday, as campaigners increasingly turn to lawsuits to ...

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. Investors ...

Exxon Mobil Corp (XOM.N) on Wednesday warned in a securities filing of potential risks to its Kazakhstan oil operations, which provided $2.5 billion in earnings last year. Threats to Kazakhstan ...

After years of delays and shifting timetables, work has begun in Vasiliko for the construction of a jetty to facilitate a floating LNG storage and regasification unit (FSRU), but the ...

The Finance Ministry on Wednesday announced that the Cabinet has approved a bill amending the Income Tax Law, allowing for an additional tax exemption, in the form of a capital ...

Brent oil fell on Tuesday as concern about a global economic slowdown that would reduce demand prompted investors to take profits on the previous day’s gains, outweighing supply curbs. ...

Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. Brent ...

Cyprus has the resources and potential to generate most of its electricity from RES Cyprus has a new president. A new era is starting and that includes energy. Many serious ...

International hydrocarbon exploration and production company Energean on Tuesday announced that Israel has now officially entered the oil exporters club, after hydrocarbon liquids were transported from Karish. “Energean is delighted ...

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict. After President ...

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 ...