News

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

OilPrice·May 20·1 min read

Energy Crisis Is Changing Demand Patterns—For Now

Severe maritime disruptions around the Strait of Hormuz have triggered massive supply losses in crude oil and LNG, fundamentally altering global energy consumption patterns. With more than one billion

Americans Rethink Driving as Fuel Costs Keep Climbing

Escalating retail fuel prices in the United States have reached four-year highs, prompting measurable shifts in consumer transit habits and vehicle utilization.

OilPrice·May 20

Oil Falls As Iran Deal Hopes Rise

Global benchmark crude prices experienced a sharp downward correction as diplomatic rhetoric from the incoming U.S. administration hinted at potential negotiati

Rigzone·May 20

Vitol Overtakes Shell in Ranking of USA Physical Gas Traders

Independent commodity trading giant Vitol has surpassed integrated major Shell in the rankings of the top physical natural gas marketers in the United States, b

Rigzone·May 20·Shell plc

Norway’s Offshore Oil Production Beats Forecasts in April

Norway's offshore hydrocarbon sector outperformed regulatory projections during April, delivering a total liquids output of 2.158 million barrels per day. This

OilPrice·May 20
May 20

JODI: Saudi Arabia Crude Exports Sink To Record Lows

May 20

Phillips 66 to Proceed with Two New Processing Plants

May 20

LNG Canada-bound vessel gets its name at Samsung Heavy Industries’ yard

May 20

Iran War Prompts Nigeria Producers to Lift Oil Output

May 20

ConocoPhillips Inks Alaska LNG Deal to Supply Domestic Consumers

May 20

Yinson Production sets up shop in China to bolster project execution

May 20

BW Energy approves investments in Bourdon and Golfinho projects

May 20

NextGeo lands €9 million TenneT survey contract in Dutch offshore wind zone

May 20

Empire Petroleum Posts Lower Revenue

May 20

Would USA Allow Iran Hormuz Tax In Exchange for Peace Deal?