Energy

Oil prices ticked higher on Friday but both benchmarks were set for a weekly loss as worries over weak economic outlook in China, Europe and the United States weighed on ...

Turkey’s maritime authority said on Thursday it would continue to block the passage of oil tankers that don’t carry appropriate insurance letters, adding that insurance checks on ships ...

The East Mediterranean Gas Forum (EMGF) this week announced that it has decided to approve the proposal of the Cypriot Presidency of the forum for the creation of a Scientific ...

The trading arm of Azerbaijan’s state oil firm SOCAR has paused purchases of Russian crude oil for its Turkish refinery as the industry grapples with EU sanctions on shipping ...

Oil prices rebounded on Thursday amid optimism over China’s easing of anti-COVID measures, recouping losses after slumping to the lowest levels so far this year in the previous session. ...

European motorists could find Russian diesel in their tanks even after bans take effect because regulators lack tools to trace the origin of fuel when it has passed through other ...

Disruptions in tanker traffic from Russia’s Black Sea ports to the Mediterranean are a result of a new Turkish insurance rule, not the price cap on Russian oil agreed ...

The Minister of Energy, Commerce and Industry Natasa Pilides on Tuesday departed for Cairo, where she will preside over the eighth ministerial meeting of the East Mediterranean Gas Forum (EMGF), ...

European Union countries on Tuesday considered the latest proposal for a lower gas price cap of 220 euros ($231), a week away from a meeting when the bloc hopes to resolve an ...

Approximately 20 per cent of the oil tanker fleet registered in Cyprus have migrated to other registries since October 6, when the European Commission signaled its intention to cap the price of ...

BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop the fuel to decarbonise. Low-carbon ...

OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a slowing Chinese economy on demand ...

By Charles Ellinas When it comes to the main objective of COP summits, to stabilize greenhouse gas concentrations ‘at a level that would prevent dangerous anthropogenic (human-induced) interference with the ...

Oil prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday’s OPEC+ meeting, though easing COVID curbs at the world’s top crude importer China capped ...

When the supertanker Young Yong sailed to the Chinese port of Qingdao in September last year, it had quality certificates for its cargo stating it was transporting Malaysian crude oil, ...

Saudi Arabia’s energy minister said Saudi Aramco had discovered two new natural gas fields, Awtad and AlDahna, in the country’s eastern region, state news agency SPA reported on ...

The full bench of the Supreme Court on Wednesday decided the law on reducing VAT for electricity is unconstitutional, as it violates the separation of powers. According to the decision, ...

Britain’s energy watchdog has proposed price controls for electricity distribution network companies for the next five years that it said would drive investment in homegrown supplies and deliver cheaper ...

Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set ...

Cyprus could supply the European Union with natural gas much earlier, if Brussels strengthened its support for the development of the supply infrastructure, President Nicos Anastasiades said in an interview ...

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. ...

European Union governments failed to reach a deal on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in ...

Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations’ proposed range for a price cap on Russian oil was higher than current trading levels, ...

Cyprus and Germany both want to strengthen and broaden their consistently excellent relations, President Nicos Anastasiades said on Wednesday after meeting with German Chancellor Olaf Scholz. In post on social ...