Group of countries to push EU for gas price cap
A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen ...
Oil prices fall for a second day on concerns for expected recession
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging ...
European Union: a cold winter
By Maria Demertzis
According to current estimates, the European Union spends about 9 per cent of its gross domestic product on energy consumption. As a proportion of its income, this is ...
Oil prices edge down, recession fears back in focus
Oil prices fell on Friday amid recession fears and a stronger US dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with ...
HSBC fund arm toughens thermal coal policy to curb climate change
HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader ...
Oil rises as supply fears outweigh recession worries
Oil rebounded on Thursday after sliding 1 per cent in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession.
Brent crude futures rose 15 ...
Europe burns cash to help businesses in deepening energy crisis
Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights ...
France’s ASN: Fire at uranium site under control, no radiation found
France’s nuclear watchdog ASN on Wednesday said it had found no traces of nuclear radiation after a fire broke out at a plant containing uranium in southeastern France run ...
Europe energy crisis may deepen with looming liquidity crunch
Europe’s problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new crisis in the market where prices are already red-hot: ...
Oil prices tick up on supply woes but Fed rate hike bets cap gains
Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor concerns it could lead to a recession and ...
Petrodollar rush may disappoint Western financiers
Fossil-fuel producers are minting money again. Yet Western financiers hoping to share in the spoils of a 1970s-style petrodollar boom will be disappointed.
High energy prices, caused by Russia’s ...
Progress made on splitting proceeds of natural gas
Cyprus and Israel have made progress in talks regarding the distribution of future proceeds from the sale of natural gas produced at the Aphrodite reservoir, a part of which extends ...
Coal rush! Energy crisis fires global hunt for polluting fuel
The sleepy Tanzanian port of Mtwara mainly dealt in cashew nuts until late last year. Now it bustles with vessels loading up with coal, as Russia’s invasion of Ukraine ...
Russia’s surging oil exports to China in Aug fail to keep Saudis down
China’s crude oil imports from Russia in August surged 28 per cent from a year earlier, data showed on Tuesday, but it handed back its top supplier ranking to Saudi ...
German utilities close to long-term LNG deals with Qatar, sources say
German utilities RWE (RWEG.DE) and Uniper (UN01.DE) are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar’s North Field Expansion project to help ...
Lebanon says to take Novatek’s 20 per cent share in oil and gas consortium
Lebanon said on Monday it will take over Novatek’s 20 per cent share in a consortium licensed to explore two offshore oil and gas blocs after the Russian gas giant ...
Europe races to prepare for energy crunch this winter
European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running ...
Oil dips on recession fears; supply concerns limit declines
Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth will slow, though supply worries ahead of the European Union embargo on Russian ...
€192 million investment in Aphrodite announced
Oil companies operating the Aphrodite gas field have approved a €192 million investment to start drilling, Israeli company NewMed said on Sunday.
The amount will also cover other development costs for ...
Israeli energy minister due in Cyprus to address Aphrodite field dispute
Israeli energy minister Karine Elharrar will be in Cyprus on Monday 19 to address the pending dispute with Nicosia over the Yishai gas field, according to his Cypriot counterpart Natasa Pilides.
...
Fitch affirms Cyprus’ at BBB- with stable outlook but some risks
Fitch Ratings has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook saying the rating was underpinned by governance indicators and GDP per capita levels ...
Putin: 25% of Russian gas supplies to Turkey will be paid for in roubles
Russian President Vladimir Putin said on Friday that 25% of Russian gas supplies to Turkey would be paid for in roubles, and that an agreement on this would come into force ...
IC Ictas recovers Russia deal to build Turkish nuclear plant -sources
Turkish contractor IC Ictas re-captured a deal to build a $20-billion nuclear power plant run by Russia’s Rosatom at Akkuyu in southern Turkey, two sources with information on the ...
France to make formal EDF buyout offer by end of month -sources
The French government is now expected to launch its takeover of EDF by the end of September after a slight delay due to the complexity of clearing the offer price, ...