News

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

OilPrice·Sep 11·1 min read

Europe's "Less" Is Doing More Than Anyone Gives It Credit For

Crude benchmarks have climbed past $104 per barrel as protracted maritime disruptions in the Middle East severely constrict international supply chains. The prolonged closure of the Strait of Hormuz h

White House Weighs Defense Production Act as U.S. Refineries Maxed Out

The U.S. administration is evaluating emergency executive powers through the Defense Production Act to expand domestic downstream processing as fuel production

OilPrice·Sep 11

Oil Posts Biggest Weekly Gain Since July

Global benchmark crude recorded its sharpest five-day price surge in several months, driven largely by escalating military tension in the Middle East that threa

Rigzone·Sep 11

IEA Says Ukraine Strikes Degrade Russian Oil Refining Sector

Sustained Ukrainian long-range drone strikes have shifted tactical focus toward Russia's complex downstream infrastructure, successfully knocking out critical s

Rigzone·Sep 11

U.S. Oil Rig Count Rises as Oil Tops $100

Upstream drilling activity in the United States registered a modest uptick, reflecting operator resilience amid benchmark crude futures breaching the $100 per b

OilPrice·Sep 11
Sep 11

Drone Strikes Hit Saudi Arabia’s Vital East-West Oil Pipeline

Sep 11

Saudi Arabia’s Critical Oil Bypass Comes Under Threat

Sep 11

IEA Sees 5.7 Million Bpd Oil Supply Plunge as Gulf Recovery Slips to 2027

Sep 11

Shell Acquires PJM Gas Power Plant

Sep 11

Norway Sees 'Strong Confidence' in New Discoveries Potential

Sep 11

Debunking the Viral Claim That America Has Only 14 Days of Oil Left

Sep 11

Jeff Currie Sees $5 Gasoline Before Midterms

Sep 11

IEA Slashes Oil Demand View

Sep 11

Energy Holdings plans $1bn combination with Ventura Offshore

Sep 11

WTI Breaks $100 as Middle East Supply Crisis Deepens