Energy

A US Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits ...

Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday, benefitting from exemptions from ...

The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels ...

Norway’s $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday. “We probably ...

Oil prices bounced on Wednesday ahead of an announcement by the US Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China. ...

BP (BP.L) boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy ...

Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China’s COVID-19 lockdowns, which could weigh on fuel demand, and ...

US natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion ...

Saudi Arabia’s economy grew by 9.6 per cent in the first quarter of 2022, compared to a year earlier, according to flash government estimates on Sunday, as a recovery in the ...

Wind turbine maker Vestas (VWS.CO) posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an ...

Adolfo Laurenti, Principal European Economist for multinational financial services firm Visa, earlier this week participated in an event co-hosted by the Cyprus Economic Society, as well as the Cyprus Association ...

Cyprus recorded the third highest increase in domestic electricity bills, as prices rose by 36 percent in the second half of 2021 compared to last year, according to data released by Eurostat, ...

As Germany speeds up investment in renewables, the energy consumption of its carmakers reveals just how reliant the country’s most important industry is on fossil fuels, a Reuters analysis ...

By George Pirishis It seems that something has started to shift in Cyprus’ Exclusive Economic Zone (EEZ) in relation to the Aphrodite block. In last week’s meeting between the ...

The Cyprus Institute of Certified Management Consultants (Sesek) on Wednesday announced that it has entered into a partnership agreement with Cyprus International Institute of Management (CIIM). The partnership entails Sesek ...

Several companies plan to open production facilities for lithium iron phosphate (LFP) batteries or components in North America and Europe by 2025, as the alternative to nickel-cobalt-manganese (NCM) cells begins to ...

European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions ...

Israel’s Econergy Renewable Energy (ECNR.TA) has partnered with Greece’s Terna Energy (TENr.AT) to develop 460 megawatts (MW) of solar plants in Greece, it said on Monday. Econergy ...

The urgent push to end dependency on Russian energy is creating new opportunities for the East Med and reviving projects previously considered unviable By Charles Ellinas A proposal by Energean ...

EU companies may be able to work around Russia’s demand to receive gas payments in roubles without breaching sanctions if they pay in euros or dollars which are then ...

Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favouring what have historically been the least profitable parts of ...

Vagit Alekperov, a former Soviet deputy oil minister and a supporter of close ties between Russia and OPEC, has resigned as president of Russia’s second-largest oil producer Lukoil (LKOH....

Saudi Arabia exported nearly 13 per cent less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14 per cent, ...

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in US ...