Big Oil maintain output plans

International oil companies (IOCs) are maintaining their output plans, despite increasing demand and output of electric vehicles and emission targets that should match zero-carbon ambitions over the next two decades. ExxonMobil is

Hybrid, electric cars gaining traction

Cypriot motorists are switching to greener cars as registrations of hybrid, and electric cars reached an all-time high in 2022. According to data released by the European Automobile Manufacturers Association (ACEA), total

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Freeze on fuel tax to be extended

As fuel prices start to rise after reaching their lowest ebb for a year, the outgoing government is considering extending a freeze on consumer tax at the pumps. In comments to Omega

Israel’s first oil exports from Energean field

Israel’s first-ever stream of crude oil exports to global markets was launched from Energean’s Karish development in the eastern Mediterranean. The crude shipment was loaded this week from the Energean Power Floating

Government told more RES can’t be absorbed

The government will continue to subsidise the installation of solar panels in homes, despite warnings the system can’t absorb additional Renewable Energy Sources (RES), said Energy Minister Natasa Pilides. A joint letter

Energy markets to remain unstable

The Russia-Ukraine war continues to destabilise energy markets in 2023, as tight oil and gas supplies will persist and economic recovery, driven by China, leads to increased energy demand, impacting prices upwards.

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Natgas market under the weather

The lack of new liquefaction capacity coming online in the US, combined with low additions globally in 2023, stands to pressure the gas market as it grapples with extreme volatility and persistently

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