Energy

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such ...

Cyprus is working towards an efficient, greener and value-oriented industry sector, Minister of Energy, Commerce and Industry Natasa Pilides said on Monday. “We are one step closer to the industry ...

Norway will allow state-controlled Equinor (EQNR.OL) and its partners to increase gas exports from two offshore fields for the next 12 months amid concerns over a shortage of European gas ...

French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions. The loss-making ...

Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in at lower prices, and face ...

Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom (GAZP.MM), said on Friday. Miller ...

The Cyprus shipping industry met with the International Chamber of Shipping (ICS) on Tuesday, September 14, to discuss the various technical and environmental issues stemming from the implementation of the pertinent ...

The ninth edition of the Cyprus Energy Symposium will put the spotlight on all energy-related issues pertaining to Cyprus, a statement by its organisers said. The symposium, which will be ...

Harvard University is ending its investments in fossil fuels, the school’s president said on Thursday, drawing praise from divestment activists who had long pressed the leading university to exit ...

The head of Russia’s No. 2 oil producer Lukoil (LKOH.MM) said that oil prices of $65-$75 were “comfortable” for consumers and that the OPEC+ group of leading oil-producing nations ...

Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United ...

The US has backed a plan to bring desperately needed gas to Lebanon from Syria. Syria said on Saturday that it welcomed Lebanon’s request to import Egyptian gas for ...

Oil prices rose on Friday as a rebound in global demand was widely expected and a slow recovery for the US Gulf Coast export and refining hub from the hurricane ...

The first Iranian fuel oil cargo secured through Lebanon’s armed group Hezbollah will be delivered via Syria by truck to avoid complications related to sanctions, two sources with knowledge ...

The world’s first carbon border tax proposed by the European Union is likely to hit Russia the hardest but leave Chinese trade relatively unscathed, according to a joint study ...

Egypt’s gross domestic product (GDP) grew 7.7 per cent in the March to June quarter compared to a 1.7 per cent contraction in the same quarter last year, the cabinet said ...

Cyprus must progress from lip-service to serious action if Cypriot consumers are ever to see serious reductions in their inexcusably high energy costs. Household electricity prices shot-up by 38 per cent ...

OPEC and its allies will likely stick to their existing policy of gradual oil output increases despite revising up the 2022 demand outlook and facing US pressure to raise production more ...

Hungary has agreed with Russia on all the conditions for a new long-term gas supply deal to take effect from Oct. 1, Foreign Minister Peter Szijjarto said on his Facebook page ...

Russia will have to split up ownership of the nearly-completed Nord Stream 2 pipeline, according to a German court order issued on Wednesday. In order to comply, Nord Stream 2 must be ...

There is real danger that Europe will see shortages of natural gas this winter, combined with sharp increases in price for the commodity. “Going into the current winter with less ...

“Gas cannot be used as a weapon,” German Chancellor Angela Merkel said on Sunday after meeting Volodymyr Zelensky, Ukrainian president, in Kyiv. “We are for new sanctions if Russia uses ...

At a dam 2,500 metres (8,200 ft) high in the Alps, construction has begun on Switzerland’s largest alpine solar plant aimed at helping the small country secure renewable energy throughout the ...

Oil prices dipped on Friday and ended the week little changed after weathering concerns from banks and the International Energy Agency that the spread of coronavirus variants is slowing oil ...