Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
The traditional understanding of Saudi Arabia as the world's preeminent 'swing oil producer,' possessing the unique ability to rapidly adjust crude output to stabilize global prices, is currently bein
US crude oil inventories unexpectedly declined by 1.7 million barrels in the week ending March 6, defying analyst predictions for a build. This draw, following
Global crude oil prices experienced their most significant single-day decline since 2022, triggered by conflicting statements from US officials regarding naval
The chief executive of Saudi Aramco has issued a stark warning regarding the potential for catastrophic disruption in global oil markets should current Middle E
The provided article snippet highlights the inherent difficulty in accurately forecasting oil prices, citing numerous complex variables and the market's history