News

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

OilPrice·May 7·1 min read

Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market

The Australian government has ordered LNG exporters to reserve 20% of their natural gas production for the domestic market starting July next year. This measure aims to prevent supply shortages along

Oil Prices Edge Higher as Iran Deal Doubts Resurface

Oil prices increased slightly in early Asian trading after a previous selloff, driven by renewed uncertainty surrounding a potential U.S.-Iran nuclear deal and

OilPrice·May 7

U.S. Oil Exporters Under Scrutiny As Gas Prices Spike Across 50 States

The United States is acting as a key energy supplier amid global shortages, increasing exports to offset energy deficits. This comes as gas prices are spiking a

OilPrice·May 7

Oil Shortage Pain Begins for Asia

Asian economies are beginning to experience negative economic consequences due to disruptions in oil and gas exports from the Persian Gulf. The article suggests

OilPrice·May 6

Iran War Boosts Russia April Oil Tax Revenue to 6 Month High

Russian oil tax revenues reached a six-month high in April, primarily due to rising crude oil prices. The price increase is attributed, at least in part, to geo

Rigzone·May 6
May 6

Oil Sinks on Iran Peace Proposal

May 6

Fujairah in Focus as Oil Flows Reroute Around Hormuz Crisis

May 6

Supply Chain Pressures Reshaping the European Offshore Wind Market

May 6

U.S. Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows

May 6

Trump Turns to Courts to Shield Big Oil from Climate Lawsuits

May 6

US offshore wind “not a dead industry” – Oceantic Network CEO

May 6

20-year offtake deal in the US LNG deepwater port project’s bag

May 6

Shell, INEOS Plan More Joint Tiebacks in US Gulf

May 6

Fresh gas discovery unveiled as Eni and BP drill offshore well from onshore

May 6

First gas on track before 2026 ends with Southeast Asian project’s subsea ops in full swing