News

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

OilPrice·May 1·1 min read

Chevron Earnings Top Estimates While Refining Swings to Loss

Chevron's first-quarter earnings surpassed expectations due to increased upstream profits driven by higher crude oil prices. However, these gains were partially offset by a significant swing to losses

Oil Rally Stalls as Iran Proposal Triggers Profit-Taking

Oil prices are poised to close the week below $110 per barrel after a volatile period. This decline is attributed to Iran's negotiation proposal, which has ease

OilPrice·May 1

Kazakhstan to Stick With OPEC+ After UAE Exit

Kazakhstan has announced it will remain within the OPEC+ framework, despite speculation it might follow the UAE in seeking to increase production outside of the

OilPrice·May 1

Syria Still Leans on Russia for Oil Supply

Despite Syria's supposed shift towards the West after its civil war and the deposition of the Russia-backed leader, Russia has significantly increased its oil e

OilPrice·May 1

Ukraine Hits Russian Black Sea Oil Port Four Times in One Week

Ukraine has reportedly struck the Russian Black Sea oil port of Tuapse with drones for the fourth time in a week. These attacks are aimed at disrupting Russian

OilPrice·May 1
May 1

High Gas Prices Are Just the Start of a Much Deeper Energy Crunch

May 1

DOE Continues ‘Swift Execution' of 172MM Barrel SPR Exchange

May 1

Exxon Beats Q1 Earnings on Oil Price Surge Despite 6% Production Drop

May 1

Kimmeridge, Mubadala Raise JV Production to Over 1Bcfd

May 1

Trump approves new Canada-to-Wyoming oil pipeline border permit

May 1

EnBW awards offshore wind subsea inspection contracts to RS Diving

May 1

Pakistan Imports First LNG Cargo in Weeks in Relief for Energy Crisis

May 1

Oil & gas firms step up exploration game to tackle supply shortfall by 2050

May 1

OKEA Back to Black but Dividends Remain On Hold