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Don’t roll out the barrels: Oil prices fall in view of slow recovery

Oil prices were down on April 24 as traders believe economic recovery will be slower than expected hurting global oil demand. A decision by...

World better prepared for Russian energy weapon in 2023

China’s demand for energy, the amount of Russian oil that will be cut from global supply will be key factors which will determine where the oil price trades in 2023.

Oil prices shrug off cap as Russia fires back with price floor threat

Oil markets will likely stay volatile in the near term amid uncertainty over the impact on Russian output from the EU's ban, headlines on China's COVID policy and central bank movements in the U.S. and Europe.

The Cyprus Connection: EU funds EuroAsia electric link

Planning to create well-integrated energy infrastructure networks, EU countries have agreed on a European Commission proposal to invest €1.037 billion in 5 cross-border infrastructure...

Energean, DEPA sign EastMed pipeline gas purchase deal

ATHENS - Several hours before the leaders of Greece, Israel and Cyprus signed an intergovernmental agreement to construct the EU-backed gas pipeline, Energean and...

EIB loan to finance power cable between Crete and mainland Greece

ATHENS - The Greek island of Crete took a step closer towards energy independence and cutting CO2 emissions on 9 May, following a deal...

Exxon, Total get the green light for drilling off the Greek island of Crete

ATHENS - A consortium of US oil and gas giant ExxonMobil, French energy major Total, and Greece’s Hellenic Petroleum (HELPE) has been awarded a...

Russia resumes construction of TurkStream Line 2 for Europe

THESSALONIKI, Greece – Russia has resumed the pipelaying operations for the second string of the Turkish Stream or TurkStream offshore gas pipeline, which aims...

At Rome ‘Club Med’ summit, Greece gets a line on TAP gas to Italy

As heads of state and government of Cyprus, France, Greece, Italy, Malta, Portugal and Spain, or so-called “Club Med,’ convened in Rome on January...

Energy hopes, US drive renewed Turkey, Israel relations

THESSALONIKI - The restoration of diplomatic ties between Turkey and Israel after a six-year break creates fresh impetus for regional alliances in the exploration,...

Gazprom, EU Mend Pipeline Talk Break

ATHENS –Gazprom and the European Commission appear to be closer to a compromise as the Russian gas monopoly tries to fend off accusations of...

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