News

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

OilPrice·Feb 28·1 min read

Oil Markets Brace for Volatility As U.S.-Israel Launch Strikes Across Iran

A major escalation in Middle Eastern tensions occurred this morning as the United States and Israel conducted coordinated military strikes across Iran, targeting multiple cities including Tehran. This

How America’s Action in Venezuela Guaranteed Guyana’s Oil Future

Guyana has rapidly ascended to become one of the world's wealthiest nations, driven by significant offshore petroleum discoveries in its territorial waters. Thi

OilPrice.com·Feb 28·Chevron CorporationExxonMobil

U.S. Crude Daily Average Production Falls in December as Bakken Leads Pullback

U.S. daily average crude oil production experienced a notable decline in December, reaching its lowest rate in several months, primarily driven by reduced outpu

OilPrice·Feb 27

Crude Jumps as Iran Risks Mount

Global crude oil prices experienced a significant upward movement as market participants assessed heightened geopolitical risks emanating from the Middle East.

Rigzone·Feb 27

VEN Fuel Retailers Press Gov to Hike Pump Prices

Venezuelan gasoline retailers have declared a national emergency, citing six years of insufficient profit margins and are now pressuring the government to incre

Rigzone·Feb 27
Feb 27

The Oil Glut That Never Showed Up

Feb 27

US Oil Drilling Activity Slows as Oil Prices Jump

Feb 27

Gulf Oil Producers Open the Taps as Iran Risk Premium Builds

Feb 27

Glenfarne Brings on Another Potential Offtaker for Alaska LNG Project

Feb 27

Russia Shipped 80% of its 2025 Oil Exports to China and India

Feb 27

Oil Jumps as Iran Clock Ticks Toward Zero

Feb 27

UAE Boosts Murban Crude Exports Ahead of Key OPEC+ Decision

Feb 27

Why Is the Oil Price Rising Today?

Feb 27

Geopolitics to have a profound impact on upstream investments, says GlobalData poll

Feb 27

Tanker Carrying Russian Oil Diverts From Cuba