Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
The United Arab Emirates (UAE) has reportedly withdrawn from OPEC and OPEC+. This decision, according to the UAE Ministry of Energy and Infrastructure, is in line with the country's long-term strategi
Brent crude oil prices have surpassed $114 per barrel, and WTI exceeded $103, driven by concerns over stalled U.S.-Iran negotiations and the potential for a pro
President Christodoulides recently informed a Chevron delegation that the Cypriot government is nearing completion of its internal review processes for a natura
China's LNG imports are projected to hit a six-year low in April, falling to 3.5 million tons, a 30% year-over-year decrease. This decline is primarily attribut
BP's Q1 2026 net profit surged to $3.8 billion, a 453.1% increase compared to Q1 2025's $687 million. This significant profit jump indicates strong performance