News

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

OilPrice·Feb 19·1 min read

Japan’s $36 Billion Bet on U.S. Energy Dominance

Japan has initiated a substantial investment in the United States' energy sector, committing $36 billion as part of a larger $550 billion program tied to a bilateral trade agreement. This initial tran

Oil Settles At Six-Month High

Global crude benchmarks have reached their highest levels in six months, reflecting a market increasingly sensitive to supply-side pressures. This upward trajec

Rigzone·Feb 19

Energy debate reignites as MPs clash over EAC budget

Cypriot Members of Parliament engaged in a contentious debate over the Electricity Authority of Cyprus's (EAC) 2026 budget, which quickly escalated into broader

Cyprus Mail·Feb 19

Bulgaria's Lukoil Refinery Slashes Costs By $8 Million

Bulgaria’s Lukoil Neftohim Burgas refinery has achieved significant cost reductions, saving $8 million in just two months, by discontinuing its reliance on the

OilPrice·Feb 19

Hungary Weighs Cutting Power and Gas Shipments to Ukraine

Hungary is threatening to halt its power and natural gas deliveries to Ukraine unless Kyiv expedites the resumption of Russian oil flows through the Druzhba pip

OilPrice·Feb 19
Feb 19

EIA: US Crude Oil Inventories Slump As Demand Rises

Feb 19

Oil Demand Slumped by 614,000 Bpd in December on U.S. Decline

Feb 19

Trump Admin Threatens To Withdraw From IEA Over Net Zero Agenda

Feb 19

USA Says VEN Oil Output Can Climb 30-40 Pct This Year

Feb 19

EIA Lowers USA Gasoline Price Forecasts

Feb 19

Shell spins the drill bit with Stena drillship in Egyptian waters

Feb 19

Turkey Opposes Greece-Chevron Exploration Deal Offshore Crete

Feb 19

EU reaffirms support for great sea interconnector

Feb 19

Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link

Feb 19

2016-built vessel goes to its new owner