By Craig Erlam European stocks were treading water on Monday and Wall Street was eyeing a similar theme amid another cautious start to the week. Pressure is ramping up on Brussels to
By Craig Erlam Equity markets are a little lower on Thursday, as the broad consolidation continues against the backdrop of gradual progress on Ukraine, fluctuating energy prices and inverting yield curves. There’s
By Craig Erlam Stock markets were giving back some of their gains on Wednesday, as skepticism grows around Russia’s intentions following the previous day’s announcements. Initial reports suggested a de-escalation in Ukraine,
President Nicos Anastasiades and his energy minister are pushing to raise awareness and support in the urgency for energy security as part of the EU’s desire to diversify supplies, especially within the
By Craig Erlam European stock markets are making modest gains at the end of the week, but broadly remain in consolidation, as has been the case throughout. We appear to have reached
ExxonMobil and Qatar Petroleum, consortium partners in Block 10 of the Cyprus Exclusive Economic Zone (EEZ), have found “high quality natural gas” in the ‘Glaucus-2’ appraisal well, with the drillship Stena Forth
Cyprus will be looking to upgrade its role as an alternative energy hub and supplier to the EU, making the most of its untapped natural gas reserves and upcoming electricity interconnectors with
Cyprus’ dreams of building the ambitious EastMed natural gas pipeline from Israel to Europe may not be dead in the water just yet, as the war in Ukraine and sanctions on Russia
By Brigitte Hagemann Even as Italy’s Mario Draghi voices firm opposition to Russia’s invasion of Ukraine, the country’s dependence on Russian gas puts the prime minister in a tight spot. Italy was
Italian energy giant Eni, with interests in seven offshore gasfields around Cyprus, on Friday said it returned to net profit last year, boosted by soaring oil prices that brought better-than-expected fourth-quarter results.
