Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
The US oil and gas rig count experienced a slight increase this week, with the total number of active rigs reaching 547. While this represents a modest uptick, the overall rig count remains significan
Chevron's first-quarter earnings surpassed expectations due to increased upstream profits driven by higher crude oil prices. However, these gains were partially
Oil prices are poised to close the week below $110 per barrel after a volatile period. This decline is attributed to Iran's negotiation proposal, which has ease
Kazakhstan has announced it will remain within the OPEC+ framework, despite speculation it might follow the UAE in seeking to increase production outside of the
Despite Syria's supposed shift towards the West after its civil war and the deposition of the Russia-backed leader, Russia has significantly increased its oil e