News

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

OilPrice·Sep 11·1 min read

Oil Prices Surge to Four-Month Highs as War Risks Mount

Global benchmark crude contracts have spiked past the triple-digit threshold, propelled by escalating geopolitical friction and direct security threats to maritime infrastructure in the Persian Gulf.

Higher Oil Prices Let Mexico Pull Back Billions in Pemex Support

Mexico's federal administration has moved to cut fiscal backing to state-owned Petróleos Mexicanos by up to 70%, banking on elevated global crude benchmarks to

OilPrice·Sep 10

OPEC Sees Oil Demand Growth Explode Sixfold in 2027

In its latest assessments, OPEC outlines an aggressive surge in medium-term crude consumption, projecting global demand expansion will jump to 2.36 million barr

OilPrice·Sep 10

How China Became the World's First Electrostate

China has effectively emerged as the world's inaugural 'electrostate,' systematically securing dominant global market shares across clean technology manufacturi

OilPrice·Sep 10

Russia's Crude Output Fell in August

Russian crude production registered a contraction in August, highlighting ongoing operational constraints and adherence pressures tied to the OPEC+ alliance fra

Rigzone·Sep 10
Sep 10

Oil Soars as Hormuz Risks Rattle Markets

Sep 10

Enbridge to Acquire Tallgrass Pipelines for $2.55B

Sep 10

Two Historic USA Fuel Records Fall

Sep 10

Odfjell secures $518m contract for Deepsea Bergen from Vår Energi

Sep 10

McDermott Wins Contract for Eni's Cronos Project offshore Cyprus

Sep 10

Clean Hydrogen Investment Tops $130 Billion

Sep 10

Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar

Sep 10

Argent LNG, Albania sign MoU for coastal LNG terminal

Sep 10

India Calls for Bigger Biofuel Push as Oil Prices Soar

Sep 10

Odfjell Drilling’s new rig busy until 2031 thanks to deal with Vår Energi