Energy

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in US interest rates would weaken fuel demand. Brent crude futures for September settlement ...

French oil major TotalEnergies TTEF.PA and shipping giant CMA CGM announced further measures to cut prices on Friday, following government pressure for companies to do more to help consumers ...

German gas importer Uniper UN01.DE, its Finnish parent Fortum FORTUM.HE and their governments have agreed in principle on the terms of a bailout after Uniper was hit by ...

The French government on Thursday urged companies whose profits have surged during the inflation crisis to do more to help households cope as it faces pressure from lawmakers for a “...

Gas rationing in Germany would impact the metal production and processing, chemical and paper industries most severely, according to a study on Thursday, amid heightened uncertainty over Russian supply via ...

The Spanish government will not order consumers to limit their gas consumption, Energy Minister Teresa Ribera said on Thursday, after Spain said it would oppose a European Union proposal to ...

Thanks to the renewables’ boom, the limiting factor of the energy revolution is not power supply as much as power storage these days. Cleaner, greener batteries are needed to charge ...

European shares rose on Wednesday as energy supply worries eased following a report that Russian gas supplies would resume as scheduled, while Italian shares were volatile as Prime Minister Mario ...

France’s government is offering 12 euros per share to take full control of EDF EDF.PA, in a 9.7 billion euro ($9.85 billion) buyout offer that gives it a free hand to ...

Germany may extend the life of its three remaining nuclear power plants, the economy ministry said on Monday, as public support rises in the face of a possible cut-off of ...

The governments of France and the United Arab Emirates signed on Monday a strategic agreement to cooperate in the energy sector, the French government said. The partnership aimed to identify ...

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again ...

Saudi Arabia’s foreign minister said a US-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is necessary. “There ...

‘This winter in Europe will be very, very difficult’ These will probably be the most important elections Cyprus has had for a long time. And it is not just the ...

Germany’s cartel office said it has since May been investigating the divergence between crude oil prices, refinery sale prices and service station prices but had not yet drawn any ...

Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer ...

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and ...

By George Pirishis With the cost of energy and electricity increasing dramatically, there are many households trying to take advantage of the subsidisation programmes by the Ministry of Energy, Trade ...

The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price ...

Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large US rate hike that could stem inflation and curb crude demand. Brent crude futures ...

Oil edged up on Wednesday, a day after settling below $100 a barrel for the first time since April, and gains were limited by a US supply report showing rising inventories ...

Egypt’s fuel pricing committee in a quarterly review on Wednesday raised domestic fuel prices by 0.50 Egyptian pounds for 80-octane, 92 octane petrol, and diesel while 95-octane petrol was raised by 1 ...

Moscow’s war in Ukraine must not sideline European Union efforts to cut carbon emissions even as the continent is forced to turn back to coal to cope with reduced ...

The global price of oil could surge by 40 per cent to around $140 per barrel if a proposed price cap on Russian oil is not adopted, along with sanction exemptions that ...