Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Oil prices have significantly increased, reaching multi-year highs due to escalating conflict with Iran and a blockade of the Strait of Hormuz. This disruption to a critical oil transit route is causi
A Chevron executive suggests that Venezuelan crude oil could eventually lower US gas prices, which currently average $4.17 per gallon, a significant increase fr
Despite a provisional peace agreement, Armenia and Azerbaijan continue to exhibit high military spending as a percentage of GDP. Azerbaijan, a significant oil p
A fire erupted at a Russian oil pumping station in the Perm region, suspected to be caused by a Ukrainian drone attack. This incident follows President Zelensky
Pakistan's Prime Minister revealed a 167% increase in the nation's weekly oil import bill, rising from $300 million to $800 million, which he attributes to the