News

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

OilPrice·Jun 10·1 min read

Algeria’s Gas Advantage Is Real. So Are Its Production Problems.

Algeria is positioning its upcoming 2026 hydrocarbon licensing round to capitalize on Europe's urgent structural shift away from Russian pipeline gas. While the North African nation boasts geographica

Traders Are Shorting Oil As If The Hormuz Crisis Is Over

Financial speculators are aggressively building short positions in crude oil futures, signaling a strong market belief that the risk of a major supply disruptio

OilPrice·Jun 10

Oil Prices Are Up. Investment Isn't Following

Despite elevated crude prices that historically triggered aggressive capital expenditure, global oil and gas upstream investment is decoupling from commodity pr

OilPrice·Jun 10

Oil Climbs as Trump Warns Iran

Crude oil benchmarks ticked upward following direct warnings from U.S. President Donald Trump regarding potential military escalation against Iran. This geopoli

Rigzone·Jun 10

Germany's Big LNG Deal With Canada May Never Deliver a Single Cargo

Germany's strategic push to secure long-term liquefied natural gas (LNG) from Canada is facing severe structural and economic headwinds, threatening to render h

OilPrice·Jun 10
Jun 10

Iran Linked Oil Tanker Suffers Fire

Jun 10

Suez Canal Gets Oil Tanker Boost

Jun 10

JERA to buy around 2mtpa of LNG from Petronas in 20-year deal

Jun 10

Gasum, Naftogaz among those locking in multi-year capacity at Lithuanian LNG hub

Jun 10

Swedish firm gets nearly $105M order for subsea piece of Southeast Asian gas project

Jun 10

Eni, Petronas Launch Southeast Asian Gas JV

Jun 10

TGS unveiling Equatorial Guinea’s offshore basin prospectivity with major seismic dataset

Jun 10

Kazakhstan Oil Buyers Demand More Supply as Hormuz Closure Tightens Market

Jun 10

Germany’s energy network awaits September to ignite next LNG link in FSRU chain

Jun 10

War Erases 1B Barrels of Cumulative Oil Supply from Market