Energy

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab ...

Matters became heated between Energy Minister George Papanastasiou and the electricity authority’s scientific staff’s trade union Sepaik leader Marios Pappoutis at the union’s annual general meeting on ...

There will be “no immediate exploitation” of the ‘Pegasus’ natural gas field, Energy Minister George Papanastasiou said on Saturday. Addressing the electricity authority’s scientific staff’s trade union Sepaik, ...

Electricity tariffs will rise by three per cent from the next two-month billing period, Energy Minister George Papanastasiou confirmed on Saturday. Speaking before the the electricity authority’s scientific staff’...

Shell (SHEL.L) expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said this week ahead ...

Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs ...

The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel ...

President Donald Trump claims that rapid adoption of solar and wind power has made US electricity unstable and expensive, justifying his bid to end most subsidies for renewable energy. But ...

Energy Minister George Papanastasiou on Thursday visited the rig which recently completed drilling a well in Block 10 of the island’s exclusive zone. In a statement, the energy ministry said ...

Electricity demand is expected to reach 1090 megawatts (mw) on Thursday, remaining at roughly the same levels as Wednesday. The demand is expected to reach 1090 mw between 2pm and 4.30pm. From 7...

A large project to install smart electricity meters will continue across Cyprus from Wednesday, the electricity authority of Cyprus (EAC) has confirmed. Smart meters record electricity use in real time. ...

The Electricity Market Association (EMA) on Wednesday expressed concern over two critical energy projects that directly affect Cyprus’ energy future. These include the Vasilikos liquefied natural gas (LNG) terminal and ...

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact of US tariffs, with prices rising ...

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, ...

Oil prices steadied on Tuesday after sliding earlier in the session, with the market weighing expectations of an OPEC+ output hike in August in an upcoming meeting. Brent crude rose 10 ...

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market. ...

Cyprus must urgently decouple renewable energy prices from volatile fossil fuel costs to ensure stability and fairness in its electricity market, according to energy systems expert and former Cyprus Energy ...

On a purchasing power basis Malta had the lowest electricity price in Europe in 2024, in contrast to Cyprus that had the second highest price. Both are small island states within ...

Oil prices climbed more than 1 per cent on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, while support also came from data that showed US ...

Energy Minister George Papanastasiou on Tuesday said there was no justification for any increase in fuel prices despite the present geopolitical upheaval in the Middle East. Speaking after the conclusion ...

Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas ...

The Cyprus Stock Exchange (CSE), acting as the clearing body for the competitive electricity market (CEM), on Monday announced the launch of a certification process for energy clearers. The process ...

Shipping Deputy Minister Marina Hadjimanolis on Monday warned of “global implications” if Iran blockades the Strait of Hormuz. “The developments are rapid and without a doubt very worrying, with global ...

Cyprus recorded the fourth lowest share of renewable energy in net electricity production among EU member states during the first quarter of 2025, according to data released by Eurostat. Across the ...