Energy

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 ...

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 ...