Oil prices edged above $90/barrel this week, even as the US and Venezuela agreed to a deal that would ease restrictions in exchange for a freer presidential election in the country next
The EuroAsia interconnection project must move forward. The future of energy worldwide, and in Cyprus, is green energy and renewable energy sources (RES). We cannot increase the penetration of RES by more
Oil prices surged to over $90 a barrel this week as Saudi Arabia and Russia extended their 1.3 million barrel per day oil cut through to December. The oil price has hit the highest
The European Commission thinks the natural gas crisis has gone away. However, many energy-intensive companies have either closed or reduced production after being unable to cope with higher energy prices, especially as
Concerns about a global economic slowdown impacting demand overshadow Saudi Arabia’s promised output cuts. The market sentiment has also been affected by rising fuel stocks in the US and disappointing Chinese export
Follow-through from last month’s G7 meeting, when “increased deliveries of LNG” and “publicly supported gas investments” were endorsed, has started to emerge. US public finance has started to flow for LNG, despite
Portfolio investors and fund managers have dumped petroleum futures and options, reversing the buying frenzy inspired by the production cuts announced by Saudi Arabia and its OPEC-plus allies at the start of
The Group of Seven energy ministers have agreed that new investments in natural gas are needed because of the energy fallout from Russia’s invasion of Ukraine. The G7 statement, released on April
Global energy markets continue to be volatile, with major producers saying their cartel decisions to cut production and hike prices were justified. Saudi Arabia will keep supplying at least several refiners in
Transatlantic trade disputes are moving to a new US-controlled rhythm and increasingly, the US is acting without consulting its European allies. Because of the EU’s deep and growing security dependence on the
