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

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OilPrice·Apr 28·1 min read

UK Borrowing Costs Hit Highest Since 2008 as Oil Tops $111

UK government borrowing costs have surged to levels not seen since 2008, triggered by a sharp increase in oil prices to over $111. This rise in oil prices has fueled inflation concerns, leading to a s

Germany Scrambles for Polish Oil Route as Russia Halts Druzhba Flows

Russia has halted Kazakh oil deliveries via the Druzhba pipeline to Germany, impacting the PCK Schwedt refinery. Germany is now seeking alternative supply route

OilPrice·Apr 28

Higher Oil Prices Lift Sinopec Profit 28% in First Quarter

Sinopec, China's largest refiner, reported a 28% increase in first-quarter profit, driven by higher crude oil prices and stable domestic fuel sales. This perfor

OilPrice·Apr 28

Iran Reactivates Derelict Tanker as Kharg Island Nears Storage Limit

Iran is reportedly reactivating old tankers for oil storage as Kharg Island, a key oil export terminal, approaches its storage capacity limit. This situation is

OilPrice·Apr 28

The Ever-Expanding Legal Battle Over Enbridge's Line 5 Pipeline

Enbridge's Line 5 pipeline faces ongoing legal challenges in Michigan and Wisconsin, primarily driven by environmental concerns raised by the state of Michigan

OilPrice·Apr 28
Apr 28

Trump Cancels More Wind Leases

Apr 28

USA Oil, Gas Workforce Shrinks in 7 of Last 10 Years

Apr 28

Phillips 66 Now Owns Lindsey Refinery

Apr 28

Seatrium Seals Tugboat Fleet Divestment

Apr 28

Mongolia approves Jade Gas appraisal report for TTCBM project

Apr 28

Greenland Energy signs Halliburton for Jameson Land Basin drilling

Apr 28

BP More Than Doubles Profit on 'Exceptional' Oil Trading

Apr 28

Shell to Buy ARC in $16B Deal

Apr 28

Market Correctly Pricing in Ongoing Supply Risks

Apr 28

Finder Energy mobilises resources to fast-track KTJ oil project