Energy

In a rare instance of criticism among their own, European Council President Charles Michel has said the European Commission led by Ursula von der Leyen has been late in responding ...

Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25...

Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe’s difficulties in securing winter fuel, after saying it had found ...

Ukraine’s state-owned energy company Naftogaz is working hard to increase natural gas production, and could supply gas to European countries in time for next year’s heating season, chief ...

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China’s COVID-19 curbs and weak global growth continued ...

Architect and founder of the eponymous firm Yiannis Armeftis on Thursday said that environmental policies and the various measures that facilitate them could help mitigate the severe energy crisis currently ...

Oil firms operating in Kurdistan have asked the United States to help defuse an upsurge in tension between Iraq’s central government and the semi-autonomous region, according to a letter ...

Turkish authorities raised electricity and natural gas prices for households by around 20 per cent and by around 50 per cent for industry on Thursday, putting further upward pressure on inflation, which ...

Cuba, mired in an energy crisis that has brought frequent blackouts, is negotiating with a Turkish company to have it double the megawatts it currently produces for the country from ...

Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy ENR1n.DE is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural ...

Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. “The internal protection systems ...

Oil prices recovered slightly on Wednesday as data pointed to firm US fuel demand, providing respite after a 5 per cent drop a day earlier on fears that demand will suffer ...

The Russian government on Tuesday said it approved handing over a 12.5 per cent stake in operator of Russia’s Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment Ltd, ...

Total petroleum product sales in Cyprus experienced a slight drop in July, with sales from gas station pumps falling for the second month in a row, according to a report ...

British government bonds are on course for their biggest monthly fall since 1994, as surging energy prices create a perfect storm of higher inflation, tighter monetary policy and the prospect of ...

Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global ...

Oil prices rose 1 per cent on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural ...

The balance of deposits in Cyprus amounted to €51.2 billion, while the balance of loans to €28.6 billion in July 2022, registering a net decrease compared to June, according to a report published ...

The Italian navy ship Mimbelli was spotted sailing near the ENI drill ship, in Block 6 of Cyprus exclusive economic zone (EEZ) on Friday. In a post on twitter, the Italian ...

Oil prices rose as much as $1 on Friday on signs of improving fuel demand, although further gains were capped as the market awaited clues from the US Federal Reserve chairman ...

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US ...

Another dramatic spike in natural gas prices appears to have ended any hopes that Europe’s inflation battle is set to ease, with financial markets now bracing for higher prices, ...

Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would ...

Greenhouse gas emissions (GHG) in Cyprus have risen steadily in the past three decades from 1990 to 2020 compared to the rest of the European Union, which recorded a decline in most ...