Energy

Unexplained damage to the Nord Stream pipelines that run under the Baltic Sea have dashed hopes that Russian gas flow to Germany will resume anytime soon. Nord Stream 1 had been ...

Prime ministers of Italy and Belgium were among those to air frustration on Thursday with Germany’s refusal to cap gas prices as the 27 European Union leaders met for a ...

Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures for ...

ExxonMobil director of frontier exploration Tristan Aspray on Wednesday called for the necessary level of support from Eastern Mediterranean countries in order to achieve an increase in natural gas production ...

Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of ...

Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritize securing shipments of ...

Energy Minister Natasa Pilides said on Wednesday that Cyprus is making great strides towards reaching energy self-sufficiency and a competitive internal gas market. “At the same time, we are also ...

High natural gas prices and global competition for the fuel have driven more demand for thermal coal for power generation this year as countries try to wean themselves off Russian ...

The European Commission proposed a new raft of measures on Tuesday, aimed at pulling down high gas and power prices that are stoking inflation, hampering industrial activity and hiking citizens’ ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Tuesday said that the EU has for many years been devising a sustainable energy strategy to tackle climate change and strengthen ...

Oil prices climbed on Tuesday, bolstered by a weaker US dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists ...

Oil output at the giant Exxon-led (XOM.N) Sakhalin-1 Russian Pacific project collapsed following the US major’s refusal to accept local insurance for tankers after Western insurers pulled out ...

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude ...

OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war of words with Riyadh, claimed Saudi ...

European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks, according to ...

An explosion in a coal mine in Turkey’s northern Bartin province on Friday killed 40 people, Interior Minister Suleyman Soylu said on Saturday, adding that search and rescue operations were ...

Oil prices plummeted on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Brent crude futures ...

Sweden has rejected plans to set up a formal joint investigation team with Denmark and Germany to look into the recent ruptures of the Nord Stream 1 and 2 pipelines, a Swedish ...

A project which will connect the Cypriot, Greek and Israeli power grids through the world’s longest submarine power cable which will total over 1,200 kilometres with a 2,000 Megawatt capability that ...

President Nicos Anastasiades on Friday addressed the opening of the Eastern Mediterranean Gas Forum (EMGF) Energy Transition Conference, noting that the conference being held in Cyprus underlines the collaborative relationship ...

EU Energy Commissioner Kadri Simson arrived in Cyprus on Thursday to take part in the inauguration of the works on the EuroAsia Interconnector that are set to start on Friday. ...

Oil prices struggled to find a footing on Thursday after easing in the previous session on a weakening global demand outlook. Brent crude futures fell 7 cents, or 0.1 per cent, to $92.38 ...

Israelis are as fed-up with soaring prices as they are with the country’s seemingly never ending elections. In the Nov. 1 ballot – a fifth in less than four years – steep ...

– President Vladimir Putin on Thursday touted Turkey as the best route for redirecting gas supplies to the Europe Union after the Nord Stream leaks, despite the region’s growing efforts ...