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
President Nikos Christodoulides has decided to keep a state subsidy on fuel prices at the pumps unchanged, despite an earlier decision to halve it in May that would have pushed prices up
In the second half of 2022, average household electricity prices in Cyprus rose sharper than the EU average, from €23 per 100 kWh to €32.6 per 100 kWh, while Europe went from €23.5
Main opposition party DISY is attempting to keep a state subsidy on fuel prices at the pumps by tweaking a Finance Ministry bill aiming to halve it in May. In April, the
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
Chevron is seeking a drilling ship to explore for natural gas off Cyprus, Egypt and Israel as the US energy major looks to meet growing demand in the region and Europe. Chevron,
Energy Minister George Papanastasiou has discussed with consortiums the option of importing natural gas quantities from Cyprus’ Exclusive Economic Zone for power generation in combination with LNG exports via a small plant.
The government has decided to continue subsidising fuel prices at the pumps by extending a reduction on consumption tax for another two months. The Finance Ministry announced on Wednesday that the government
Having definitive criteria for renewable hydrogen is key to making investment decisions to launch EU initiatives that can support the growth of the industry, the European Parliamentary Research Service (EPRS) said. EPRS
