News

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

OilPrice·Jun 18·1 min read

The Invisible Energy Crisis Threatening to Derail the AI Boom

The rapid expansion of artificial intelligence infrastructure is colliding with global power grid constraints, exposing a critical vulnerability in Big Tech's growth projections. Companies like Bitzer

State of Global Oil Inventories Ruins Iran Peace Optimism

Despite a recent downward trend in crude benchmarks pushing Brent below the $80 threshold, underlying physical market indicators reveal a tightening global supp

OilPrice·Jun 17

Crude Stabilizes After Sharp Selloff

Global crude benchmarks stabilized slightly following a steep selloff driven by market anticipation of a potential US-Iran diplomatic breakthrough. The prospect

Rigzone·Jun 17

How the Oil Sands Became the Lowest-Cost North American Producer

The transformation of the Canadian oil sands from a high-cost marginal play into one of North America's most resilient and low-cost oil producers represents a m

Kazakhstan Bets $10 Billion on AI With Nvidia-Backed Data Center Valley

Kazakhstan's $10 billion partnership with Nvidia and an Armenian-American cloud provider to build a massive 'Data Center Valley' in Pavlodar represents a major

OilPrice·Jun 17
Jun 17

IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns

Jun 17

Iraq Readies to Boost Oil Exports When Hormuz Reopens

Jun 17

US Lower 48 shale plays continue to flourish amid geopolitical uncertainties

Jun 17

ExxonMobil joins Vopak–Transnet JV to progress South Africa’s LNG import terminal

Jun 17

Bass Oil concludes purchase of Vanessa gas field in Cooper Basin

Jun 17

$15.7 billion floating LNG project on Canada’s horizon as Kanata partners with Hanwha Ocean

Jun 17

CLNE to Deliver LNG Systems for 2 Power Projects in Puerto Rico

Jun 17

Chevron joins Helleniq in Eastern Mediterranean offshore block

Jun 17

US Gulf oil production flow another well richer with more to come before year-end