Fuel prices are set to increase by up to 10 cents per litre by the end of the month due to the reduction in global production, said the Petrol Station Owners Association.
Financial investors have added exposure to crude oil as a result of the tightening oil market and to benefit from higher roll returns, with the futures curve now more strongly downward sloped,
Cyprus has the necessary know-how for developing Renewable Energy Sources that will contribute to the production of green hydrogen and the geostrategic position for the import of hydrogen to Europe, experts said.
Cyprus was the country with the second largest share of the population, declaring they could not afford to keep their home adequately warm, according to Eurostat data. Last year, Cyprus had double
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
Greek energy firm Energean Plc announced that its production has tripled for the first six months of 2023 compared to last year. Production was 105.9 kboed (thousands of barrels of oil equivalent
Cyprus, Greece and Israel have agreed to deepen their regional energy cooperation to export to Europe, especially natural gas supply and renewables, during a leaders meeting in Nicosia on Monday. “We agreed
Israel’s prime minister has floated the idea of building infrastructure projects such as fibre optic and electricity cables linking countries in Asia and the Arabian Peninsula with Europe through Israel and Cyprus.
Households have seen their power bills more than double since 2020, as Cyprus has become the seventh most expensive in the European Union for electricity. Based on official data from the Cyprus
