Energy

Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan to gradually restore supply, along ...

Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and ...

Turkey will extract oil from three newly discovered wells in the country’s Diyarbakir and Kirklareli provinces, Turkish Energy Minister Fatih Donmez said on Thursday. “We have also found oil ...

European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission’s plan to end such funding, according to ...

Too many measures have only a short-term effect and major goals are neglected. By Dr. Charles Ellinas Cyprus’ government has put forward an ambitious ‘Recovery and Resilience Plan’ (RRP), with ...

Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs (NYSE:GS) said the case ...

On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot ...

The decision came as the Biden administration seeks to rebuild ties with Germany, after relations deteriorated under Republican former President Donald Trump. The waivers have no specific end date, but ...

Cyprus minister of energy, commerce and industry Natasa Pilides presented a new scheme on Tuesday, May 18, to promote new business activity on the island. The scheme includes a budget of €30 ...

Over 11,000 Turkish-backed Syrian mercenaries remain in Libya despite a ceasefire agreement that calls for the withdrawal of all foreign fighters, the Libya Review reported on Saturday. At the same time, ...

Ever since its conception, the Nord Stream 2 project has faced controversy within Europe and has attracted the wrath of and sanctions from the US due to concerns that ‘it will ...

Crude futures settled lower on Tuesday, pulling back from one-month highs, on fears that India, the world’s third-biggest oil importer, may impose restrictions as coronavirus infections and deaths surge ...

Saipem and Hyperion Systems Engineering have joined forces to create Saipem-Hyperion Eastmed Engineering Ltd, a jointly controlled company based in Nicosia. The joint venture was registered in March. The new ...

Part II: Natasa Pilides, minister for energy, commerce and industry, has kindly conceded to Dr. Charles Ellinas and Andrew Rosenbaum a major update on energy policy and legislation. The Minister ...

Natasa Pilides, minister for energy, commerce and industry, has kindly conceded to Dr. Charles Ellinas and Andrew Rosenbaum a major update on energy policy and legislation. The Minister addresses nearly ...

Oil prices surged up 3 per cent on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude rose $1.94, or 3.1 per cent, to $64.68 a ...

Salvage teams freed the Ever Given in the Suez Canal, according to maritime services provider Inchcape, almost a week after the giant vessel ran aground in one of the world’...

EU experts say that nuclear power is a green investment, according to a document reviewed by Reuters. The Commission asked the Joint Research Centre (JRC), its scientific expert arm, to ...

One in five of the world’s 2,000 largest publicly listed companies have now committed to a “net-zero” emissions target to help tackle climate change, researchers said on Tuesday. The companies, ...

The European Union plans to label some gas power plants as sustainable investments, a draft document seen by Reuters showed, after an initial proposal to deny them a green label ...

“The recent aggressive price rally seems to have come to an end,” writes analyst Tom Kool at oilprice.com. Oil prices resumed their decline on Monday, falling around 1 per cent ...

By Dr. Charles Ellinas We urgently need a major rethink and change in direction. I have called repeatedly, and have been advocating through my articles in this newspaper, for the ...

Germany is betting the US administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion ...

Volkswagen plans to build half a dozen battery cell plants in Europe and expand infrastructure for charging electric vehicles globally, accelerating efforts to overtake Tesla and speed up mass adoption ...