Energy

Households and businesses across Cyprus will soon have better control over their electricity costs, thanks to the nationwide rollout of smart meters by the electricity authority of Cyprus (EAC). With 500,000 ...

Cyprus’ electricity network is set to bear more pressure over the coming days, due to the cold spell forecast for Thursday onwards, increasing demand for heating. “Things will be difficult. ...

The electricity supplied to the Republic of Cyprus by the north was provided free of charge, the north’s electricity authority Kib-Tek workers’ trade union El-Sen leader Ahmet Tugcu said ...

Cyprus and Egypt on Monday signed two agreements concerning the exploitation of natural gas resources under the seabed in the eastern Mediterranean. The first agreement was a memorandum of understanding ...

Oil prices were little changed on Monday as investors eyed developments on a potential Russia-Ukraine peace deal that could ease sanctions disrupting global supply flows. Brent crude futures was up 7 ...

Wind-powered electricity production across Europe dropped by over 7 per cent in January from the same month in 2024, depriving regional power producers with a key source of clean energy right when ...

Asia’s crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucking up cargoes while they can and moving to alternatives for deliveries in coming months. ...

Much of the discussion at the FT’s International Energy Policy Forum in Brussels earlier this month applied to Cyprus as well as other areas of the world. The event ...

Three presidents and 13 years after the discovery of gas in the Aphrodite field, the government this week clinched a deal with US oil giant Chevron for the development of the ...

Cyprus and Egypt are set to sign two major agreements on natural gas commercialisation next Monday in Cairo, marking a significant milestone for energy cooperation between the two nations. Cypriot ...

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher US sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes ...

The government will next month invite tenders for the development of a new system monitoring retail fuel prices that will use artificial intelligence to track irregular market fluctuations, the energy ...

Turkey and Turkmenistan have signed an agreement to facilitate the flow of Turkmen natural gas to Turkey, marking a significant step in energy cooperation between the two nations, Turkish Energy ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the ...

Electricity prices are unlikely to drop over the next two years, given the absence of natural gas and the lack of storage for energy generated by renewables, the head of ...

Europe’s battery storage capacity is expected to grow around five-fold by 2030, bringing with it increasing returns for energy majors, project developers and traders, as the cost of new projects ...

Following the publication by the EU of ‘Justice-focused approach key to effective energy poverty solutions’, energy poverty in Europe was again in the news last week. This is based on ...

Oil prices rose marginally in Asian trade on Friday but were on track for a third straight week of decline, hurt by US President Donald Trump’s renewed trade war ...

Energy Minister George Papanastasiou said on Thursday he was satisfied with the Greek side’s response to a series of questions posed by the Cypriot side about the functioning of ...

Oil prices edged up in Asian trading on Thursday after Saudi Arabia’s state oil company sharply raised March oil prices, but the increase was barely a blip on the ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab ...

US crude prices fell by nearly 2 per cent on Tuesday as US tariffs on China took effect, though President Donald Trump paused for a month a decision on steep levies ...

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the US government’s Energy Information Administration from the sources used to ...

Oil prices rose on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what ...