Energy

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 ...

Cyprus, Israel and Greece on Monday signed a memorandum of understanding (MoU) on cooperation in relation to the EuroAsia Interconnector, taking another step towards the implementation of an ambitious project ...

The German government has agreed to pay four nuclear operators nearly €2.6 billion ($3.1 billion) in compensation for forcing them to shut their nuclear plants early in response to the Fukushima disaster, ...

Will the EastMed pipeline bypass Cyprus? by Dr. Charles Ellinas The Greek and Cypriot press abounds with news and denials that a new plan has emerged for the much-talked about ...

Just because cars are going electric, is not to say they are getting boring. Rather the opposite: the move towards electrification is producing some of the hottest automotive propositions in ...

By Dr. Charles Ellinas What has become abundantly clear over the past year is the EU’s determination to drive a fast transition to cleaner energy. Not only it has ...

The EU’s mammoth post-pandemic recovery fund, which is intended to exclude projects that worsen climate change or harm the environment, could in some circumstances be used for investment in ...

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus ...

But scars of the pandemic will hang over the world for many years to come By Charles Ellinas The Atlantic Council (AC) held its annual Global Energy Forum at Abu ...

By Elias Hazou While by no means a death blow to Cyprus’ aspirations to export natural gas to Egypt, a recent investment decision by companies in nearby Israel to expand ...

The European Union should set binding targets for one million public charging points for electric vehicles by 2024, and three million by 2029, to give consumers the confidence to switch to the ...

Cyprus’s Aphrodite gas field, located in located in Block 12 of Cyprus’s exclusive economic zone, and with reserves of 129 billion cubic metres, is expected to begin production in 2025. But ...

Small Estonian firm Fermi Energia said on Monday it was raising capital to start the official planning process for a new generation small modular reactor (SMR) which would be one ...

Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for ...

The US is signaling that it is ready to end sanctions on the Nordstream 2 pipeline, according to a report published by German newspaper Handelsblatt. Under US President Joe Biden, the ...

Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10 per cent of overall sales, data showed ...