Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Oil prices have risen above $110 per barrel due to heightened tensions between the US and Iran. This increase is driven by concerns about potential disruptions to oil flow through the Strait of Hormuz
The article highlights that AI companies led M&A activity in Q1, despite the energy crunch caused by the Middle East conflict. This suggests a shift in investme
U.S. crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), increased by more than 5 million barrels week-over-week, reaching 461.6 million bar
The US oil and gas rig count increased for the first time in three weeks, with the total count reaching 548. While this week saw a slight increase, the overall
OPEC+ is considering another oil production increase at its upcoming meeting, despite ongoing disruptions to global oil supply. The group is reportedly discussi