Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Saudi Aramco, the world's largest oil producer, reported a 12% decline in net profits to $104.7 billion for the fiscal year, a result primarily attributed to the softening global oil prices experience
Iran has issued a significant warning, threatening to block all oil exports from the Middle East unless the United States and Israel cease their military action
Global crude oil prices experienced a significant decline in early Asian trading on Tuesday, reversing a sharp rally from the previous day. This market shift wa
Cyprus's water reservoirs are critically low, holding only 21% of their capacity despite recent rainfall, according to the Water Development Department. This pe
Global crude oil markets experienced extreme volatility on Monday, with Brent prices briefly surging to their highest levels since 2022 before undergoing a sign