Energy

Oil prices inched higher on Wednesday as data showing a larger-than-expected US crude drawdown last week outweighed concerns about lower fuel demand from China amid tightening COVID-19 curbs. Brent crude ...

Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing global recession worries and ...

Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand from China and US ...

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited. The European Union will ban ...

The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will cost more than 3 billion euros ($3.10 billion) ...

President Nicos Anastasiades said on Thursday Cyprus would continue with its energy policies, despite any provocation or threat face from Turkey. “Cyprus does not object to Turkey’s participation. We ...

The Electricity Authority (EAC) board of directors on Tuesday called on workers to reconsider their decision to strike later in the week, to avoid inconveniencing the public. “In an international ...

Officials revealed on Tuesday they plan to slash the Renewable Energy Sources (RES) charge, giving consumers some relief, although the change is not expected to impact electricity bills for several ...

Exxon Mobil Corp (XOM.N) will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled ...

As the European Commission is finding out, interfering with markets creates unintended consequences and eventually backfires The oil and gas companies cannot get it right, can they? They have been ...

A realistic scenario for when Cyprus can produce natural gas from the Aphrodite gas field is 2027, Energy Minister Natasa Pilides told MPs at the House finance committee on Friday. Construction ...

Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. Brent crude futures were up $1.84, ...

Oil prices rose on Wednesday after industry data showed a surprise drop in US crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth. Brent ...

The United States and United Arab Emirates have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035, US Secretary of State ...

New G7 and European Union sanctions on Russian oil exports will have a muted impact on flows and global prices according to analysts polled by Reuters, as Russia is set ...

The European Union is exploring ways to increase help for Ukraine’s energy sector following “cruel and inhumane” Russian attacks that have caused widespread power cuts, EU Energy Commissioner Kadri ...

Oil prices rose more than 1 per cent on Tuesday, paring losses from the previous session, as a weaker US dollar offset widening COVID-19 curbs in China that have stoked fears ...

Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey fairly quickly and predicted many customers in Europe would want to sign contracts. ...

Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7 per ...

Energy companies, hit by soaring power and gas prices related to the war in Ukraine, can secure public guarantees exceeding 90% coverage from EU governments to cover margin call requirements under ...

A Cypriot delegation in Lebanon on Friday for talks on maritime border delineation between the two countries said any disputes during that process could be easily resolved. “There is no ...

Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of ...

Oil prices dropped on Thursday, reversing a more-than-3 per cent rally in the previous session, as lingering fears over slack demand in China outweighed optimism from record US crude exports ...

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter’s record high due to weaker refining and gas trading, as it announced plans to sharply ...