News

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

OilPrice·Jun 25·1 min read

Asia's Crude Buying Spree Is Running Out of Steam

Asia's major refining hubs have abruptly halted their aggressive spot purchasing campaign of Middle Eastern crude, signaling a shift in regional demand dynamics. This cooling-off period follows a heav

Oil Rebounds After Hormuz Ship Attack

The recent attack on commercial shipping near the strategic Strait of Hormuz has triggered a sharp rebound in global crude prices, temporarily shifting market f

Rigzone·Jun 25

SpaceX Wants to Fuel Its Mars Ambitions With Its Own Gas Pipeline

Elon Musk's SpaceX is vertically integrating its energy supply chain by planning the construction of 'Starpipe,' a proprietary eight-mile natural gas pipeline i

OilPrice·Jun 25

Gas Prices Are Falling. Your July 4 Fill-Up Still Won't Feel Cheap.

Despite a six-week downward trend in retail gasoline prices, American motorists are facing historically high fuel costs for the Independence Day holiday weekend

OilPrice·Jun 25

Russia Turns Asia’s Oil Shock Into an Indonesian Opening

The geopolitical fallout from the Middle East conflict has reshaped global crude flows, allowing Russia to penetrate the Indonesian market, a territory historic

OilPrice·Jun 25
Jun 25

Major Saudi Oil Terminal Roars Back to Life as Gulf Supply Recovery Accelerates

Jun 25

AI Boom Forces Tennessee to Plan Massive Natural Gas Expansion

Jun 25

UK Energy Secretary Vetoed Plan to Boost Oil Output for Defense Funds

Jun 25

Vitol Seals 20-Year, 1MMtpa Deal to Supply LNG to IRH

Jun 25

First AI-powered walking island rig enters ADNOC Drilling’s fleet months ahead of schedule

Jun 25

Vår Energi submits PDO for Gjøa Subsea Projects in North Sea

Jun 25

Wellesley Confirms New Discovery in Norwegian North Sea

Jun 25

Equinor eyes final call on Norway’s largest undeveloped oil discovery by 2027-end

Jun 25

After Saipem and TechnipFMC, Baker Hughes hired for Angolan ultra-deepwater development

Jun 25

Perenco pens gas deal for Southeast Asian offshore project