News

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

OilPrice·Jun 15·1 min read

Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz

The sudden reopening of the Strait of Hormuz following a diplomatic breakthrough between Washington and Tehran has triggered a sharp sell-off in global crude benchmarks, erasing risk premiums that had

Alaska’s Untapped Oil Wealth Is Still Struggling to Find Investors

The ongoing struggle to secure investment for Alaska's vast untapped oil reserves highlights the deepening friction between regulatory hurdles and upstream capi

OilPrice·Jun 14

Damianos assures US support for GSI and natural gas extraction

Cyprus has secured renewed diplomatic backing from the United States for its flagship energy initiatives, spanning offshore natural gas extraction and the Great

Cyprus Mail·Jun 14

Fuel Tax Changes Hit Six States As Energy Inflation Accelerates

Crude oil benchmarks experienced a sharp downward correction following unexpected geopolitical de-escalation signals from the United States regarding its stance

OilPrice·Jun 13

The Promise and Peril of Jamaica’s Offshore Oil Ambitions

Jamaica is positioning itself to join the Caribbean offshore energy boom, inspired by the massive deepwater discoveries in the Guyana-Suriname basin. This ambit

OilPrice·Jun 13
Jun 13

UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude

Jun 13

Russia, China, and Iran Are Joining Forces Against Western Pressure

Jun 13

ExxonMobil Explores Acquisitions Including Woodside

Jun 12

The Oil Market Could Be Weeks From a Breaking Point

Jun 12

Oil Drops to Four-Month Low

Jun 12

The Hidden Supply Chain Behind Every SpaceX Launch

Jun 12

Pace of US Oil Drilling Inches Up

Jun 12

U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says

Jun 12

A War of Words Sends Brent Crude to a Two-Month Low

Jun 12

Europe Wary Of Too Much Dependence on U.S. LNG