News

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

OilPrice·Sep 9·1 min read

Morgan Stanley: Oil Traders Are ‘More Precise’ With Risk as Wars Drag On

Crude oil market participants are increasingly narrowing their trading horizons due to unpredictable geopolitical escalations in Eastern Europe and the Middle East. According to Morgan Stanley, specul

Diesel Crunch Set to Worsen as Refining Capacity Falls Short, Industry Warns

Global middle distillate balances face severe structural deficits as aging refinery infrastructure and delayed capacity additions coincide with heavy maintenanc

OilPrice·Sep 9

India’s Refineries Run at Up to 108% as Diesel Demand Surges

Indian downstream operators have pushed refinery utilization rates beyond design capacity to between 105% and 108% over the past six months, capitalizing on rob

OilPrice·Sep 9

Vallourec and Aramco expand partnership dating back to 1962

French tubular goods manufacturer Vallourec has reinforced its long-term strategic alliance with Saudi Arabian energy giant Aramco, building on an industrial re

Offshore Energy·Sep 9

Santos commences drilling of first appraisal well in Beetaloo Basin

Santos has officially spudded its first appraisal well within the Beetaloo Sub-basin, targeting significant unconventional shale gas resources in Australia's No

Offshore Technology·Sep 9
Sep 9

Oil and gas electrification: why the sector’s big shift has a power problem

Sep 9

Iraq Pushes OPEC for a Huge Increase in Its Oil Quota

Sep 9

Iraq Asks OPEC to Raise Quota

Sep 9

India: Larsen & Toubro company gets EPCIC order from ONGC

Sep 9

Brent Breaks $100 for the First Time in Nearly Two Months

Sep 9

McDermott wins subsea contract for Cronos gas field off Cyprus

Sep 9

Oil Prices Hit $100 as U.S. Destroys Five Iranian Tankers

Sep 8

Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

Sep 8

D.C. Gas Ban Gets Favorable Hearing in Federal Appeals Court

Sep 8

Tamarack Valley, Headwater Exploration agree $7.2bn all-stock merger