News

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

OilPrice·May 11·1 min read

Modi Urges Indians to Conserve Fuel as Oil Shock Spreads

Indian Prime Minister Narendra Modi is urging citizens to conserve fuel to alleviate pressure on foreign exchange reserves amidst rising global oil prices. The call to action includes working from hom

Oil Tankers Go Dark to Exit the Strait of Hormuz

Three supertankers carrying Iraqi and Emirati crude oil exited the Strait of Hormuz last week after switching off their transponders to avoid detection. This ra

OilPrice·May 11

New Wave Offshore Energy gets mission-critical oversight job on Shell’s Brazilian oil & gas project

New Wave Offshore Energy, a marine consultancy firm, has secured a Marine Warranty Services (MWS) contract for Shell Brasil's deepwater oil and gas project off

Offshore Energy·May 11·Shell plc

Oil Prices Surge After Trump Rejects Iran Peace Offer

Oil prices jumped significantly in early trading following President Trump's rejection of Iran's response to a U.S.-proposed peace deal. This rejection has heig

OilPrice·May 11

$7 Billion In Perfectly Timed Oil Bets Sparks Insider Trading Fears

Large, accurately timed bets totaling $7 billion, placed on oil futures and prediction markets, correctly anticipated geopolitical shifts related to US-Iran ten

OilPrice·May 10
May 10

Oil Market Runs Down Safety Cushion as Supply Shock Worsens

May 10

Ukraine’s Drone War Is Reaching Deep Into Russia’s Oil Heartland

May 10

WISTA Cyprus visits Vasiliko LPG terminal

May 10

Equinor Starts Gas Production at Eirin in Norwegian North Sea

May 9

Trump Could Tap Oil under U.S. Military Bases to Top Strategic Reserve

May 9

Why U.S. Drillers Can’t Solve the World’s Oil Supply Crisis

May 8

Turkey Prepares New Maritime Claims Bill That Could Renew Tensions With Greece and Cyprus

May 8

Ukraine Says It Hit 2 Major Refineries in Russia

May 8

Cenovus Warns Oil Sands Growth Is Drying Up as Policy Uncertainty Mounts

May 8

Crude Settles Higher on Gulf Clashes