Energy

Wind power generation in Germany – Europe’s largest wind producer – is on track to record its longest stretch of below-normal production since early 2021 due to a spell of low wind ...

A substantial drop in the cost of electricity this year is “impossible,” Energy Minister George Papanastasiou said on Thursday, adding that people should manage their expectations. The minister made the ...

Members of Turkey’s parliament were on Wednesday night incensed by the commencement of drilling for natural gas off the coast of Cyprus and a perceived lack of government action ...

Oil prices ticked up but hovered near a two-week low on Tuesday after weak economic data from China and warming weather forecasts elsewhere soured the demand outlook. Brent crude oil ...

Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in March to their highest in more than a year after benchmark prices spiked on higher demand from ...

Cypriot natural gas will be extracted from under the sea for the first time in 2027, Energy Minister George Papanastasiou said on Monday. Speaking to Politis radio, he said he expects ...

By Charles Ellinas The US Energy Information Administration has just published new forecasts for oil production, consumption and prices to the end of 2026 as shown in Figures 1 and 2 below.  Clearly, ...

Energy Minister George Papanastasiou met with Egyptian Minister of Petroleum and Mineral Resources Karim Badawi on Friday to discuss bilateral cooperation on gas transmission projects. The primary focus of the ...

The ministry of transport has announced plans for a significant expansion of Vasiliko port. This project aims to establish a new industrial port under the management of the Cyprus ports ...

Oil prices dipped in Asian trade on Thursday, extending losses amid uncertainty over how US President Donald Trump’s proposed tariffs and energy policies would impact global economic growth and ...

Members of the House ethics committee on Wednesday called on the competition commission to be harsher on companies and more vigilant in its efforts to ensure healthy competition in Cyprus’ ...

Jinko Solar, a global leader in solar technology, has set a new benchmark in solar efficiency with its latest innovation, the Tiger Neo III module. Designed with advanced tunnel oxide ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced the launch of the EcoSMEnergy project. The project, co-funded by the European Union under the LIFE Programme, aims to ...

Oil prices fell on Monday as expectations of US President-elect Donald Trump relaxing curbs on Russia’s energy sector in exchange for a deal to end the Ukraine war offset ...

Global diesel prices and refining margins spiked following the latest round of US sanctions on Russia’s oil trade on expectations the measures would tighten supplies, according to analysts and ...

Farmers wanting to install solar panels for their own consumption will be able to do so without needing a construction permit, under a law passed by the House of Representatives ...

Oil prices gained for a second session on Thursday, supported by worries over potential supply disruptions amid US sanctions on Russia, a larger-than-forecast fall in US crude oil stocks, and ...

The floating storage and regasification unit (Fsru), an integral component of the LNG project, is expected to remain in Malaysia for about two to three months, Energy Minister George Papanastasiou ...

Russia’s vast Arctic oil business is facing major disruption from US sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according ...

Invest Cyprus issued a statement on Monday underscoring the significance of five strategic Memoranda of Understanding (MoUs) signed on January 8 at the Egyptian presidential palace in Cairo. These agreements were ...

After years of delays, the Electricity Authority of Cyprus (EAC) will begin installing smart meters this month, starting with urban areas across the country. EAC spokesperson Christina Papadopoulou outlined the ...

Global energy major BP (BP.L) has pledged to lift oil production by 44 per cent and gas output by 89 per cent from India’s largest field off its west coast, ...

Oil producer Saudi Aramco (2222.SE) and Algeria’s Sonatrach lowered January’s official selling prices (OSPs) for liquefied petroleum gas (LPG) by between 1.6 per cent and 6 per cent from December ...

Oil prices were little changed on Thursday as investors weighed firm winter fuel demand expectations against large US fuel inventories and macroeconomic concerns. Brent crude futures were down 3 cents at $76.13 ...