News

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

OilPrice·Jul 1·1 min read

Oil Prices Reflect Optimism That Hormuz Has Yet to Justify

The dramatic nearly 40% decline in Brent crude prices at the end of Q2 reflects premature market optimism over a potential US-Iran diplomatic breakthrough. While traders are pricing in a de-escalation

India’s Russian Oil Boom Outlives the Hormuz Shock

India's appetite for discounted Russian crude has reached unprecedented heights, defying logistical bottlenecks and geopolitical pressures in the Red Sea. By se

OilPrice·Jun 30

Australia’s Oil and Gas Exploration Set for Renaissance

Australia is positioning itself for a major upstream exploration resurgence as global energy security concerns, intensified by geopolitical instability in the M

OilPrice·Jun 30

Why a Supply Crunch From Iran Could Send Oil Back Below $40 a Barrel

While conventional market wisdom dictates that geopolitical supply disruptions in the Middle East inevitably drive crude prices upward, systemic economic feedba

OilPrice·Jun 30

US Crude Oil Inventories Keep Falling As Hormuz Flows Slow To Start

The American Petroleum Institute's report of a substantial 6.072 million barrel draw in US crude inventories indicates a tightening domestic market, far outpaci

OilPrice·Jun 30
Jun 30

Crude Slides on Rising Supply

Jun 30

Morgan Stanley Warns of Oil Glut

Jun 30

The Oil Benchmark Named Brent Is Losing Its Brent

Jun 30

Russian Refinery Disruptions Ripple Across Central Asian Fuel Markets

Jun 30

US Crude Output Sets New Monthly Production Record

Jun 30

Oil Markets Brace for a Summer of Hormuz Volatility

Jun 30

Appraisal ops at Namibian discovery corroborate oil-bearing reservoir continuity

Jun 30

Markets Can't Price a Tweet, Industry Warns

Jun 30

Two hydrocarbon discoveries enrich Petronas’ oil & gas arsenal in South America

Jun 30

ExxonMobil eyes 2033 production start at Cyprus gas fields