News

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

OilPrice·Jul 3·1 min read

Hormuz Turns Oil Outlooks Into a Guessing Game

The Strait of Hormuz remains the ultimate geopolitical wild card for global energy markets, rendering long-term oil price forecasting highly speculative. As a primary transit chokepoint for Middle Eas

Russia Scrambles for Asian Jet Fuel as Crisis Deepens

In an unprecedented turn of events, Russia is resorting to importing aviation fuel from Asia to stave off domestic shortages, highlighting severe structural vul

OilPrice·Jul 3

DOJ Urges States to Enforce Fuel Price-Gouging Laws

The Trump administration has escalated its political campaign against rising domestic fuel costs by formally directing the Department of Justice to coordinate w

OilPrice·Jul 3

Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama

Crude oil markets have entered a period of consolidation, signaling that traders are increasingly discounting the immediate geopolitical risk premium associated

OilPrice·Jul 3

TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers

French energy major TotalEnergies has actively marketed millions of barrels of Iraqi Basrah Medium and Basrah Heavy crude grades to Asian refiners for immediate

OilPrice·Jul 3·TotalEnergies SE
Jul 3

The landscape is changing in Cyprus’ exclusive economic zone

Jul 3

Texas Oil Regulator Directs DOGE to Enhance RRC Efficiency

Jul 3

Japan's Top Oil Refiner Eyes a Post-Hormuz Future

Jul 3

Altera Infrastructure on FPSO duty for Eni’s West African oil & gas project

Jul 3

Alberta Advances West Coast Oil Pipeline Project

Jul 3

ExxonMobil passes the baton for Australian oil & gas asset to Woodside

Jul 3

Kiewit receives LNTP for Glenfarne’s Texas LNG export terminal

Jul 3

Which Country is the Biggest Oil Consumer?

Jul 3

Soaring Imports Push India’s Crude Stocks to Near 1-Year High

Jul 3

Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes