News

Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.

OilPrice·May 4·1 min read

ADNOC Accelerates $55 Billion Investment after UAE’s OPEC Exit

ADNOC is accelerating its investment plans to $55 billion following the UAE's exit from OPEC on May 1st. This move signals a shift in the UAE's oil strategy, prioritizing independent production and gr

Volume Down Revenue Up Iran’s Oil Trade Defies the War

The article posits that despite a hypothetical 2026 US-Israeli war against Iran and significant damage to Iranian infrastructure, Iran's oil revenue increased e

OilPrice·May 4

Oil Surges on Middle East Attacks

Oil prices surged due to heightened tensions in the Persian Gulf, stemming from tanker attacks and subsequent military responses. This escalation introduces sig

Rigzone·May 4

Why the U.S. Is Pouring Billions Into Energy Projects in the Balkans

The US is increasing its investment in energy projects in the Western Balkans, creating a new area of competition with Russia and China. This move is strategica

OilPrice·May 4

Oil Surges to $114 Following Iranian Strikes on UAE Port

Oil prices surged to $114 following reported Iranian strikes on a UAE port, threatening a fragile ceasefire between the US and Iran. The escalation of tensions

OilPrice·May 4
May 4

UAE Withdraws From OAPEC

May 4

Equinor Bets on New Wells to Offset Declining Fields

May 4

Qatar Extends Force Majeure on LNG Supply

May 4

North America Goes Back to Losing Rigs

May 4

Oil prices increase as US-Iran negotiations remain unresolved

May 4

Norwegian CO2 transport and storage project gathers three industry majors

May 4

OPEC Report Shows Oil Demand Reached Over 105MMBpd in 2025

May 4

Eighth FPSO at Brazil’s giant deepwater field begins producing, four to go

May 4

Southeast Asia’s deepwater gas expansion faces ‘fragile economics’ challenge

May 4

EPA eases flaring rules for oil and gas sector beyond 2026 phase-out