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

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OilPrice·May 20·1 min read

Two Supertankers Exit Hormuz With Crude Bound for China

A pair of Very Large Crude Carriers (VLCCs) carrying crude oil from Iraq and Qatar has successfully transited the Strait of Hormuz en route to Chinese import terminals. The shipments, destined for Chi

US Crude Inventories Fall Quickly, But Still Up This Year

Recent data from the American Petroleum Institute indicates a substantial draw of 9.1 million barrels in US crude stockpiles for the week ending May 15, far exc

OilPrice·May 19

Brent, WTI Slip In Volatile Trade

Global crude benchmarks Brent and West Texas Intermediate (WTI) retreated following a volatile trading session marked by heightened geopolitical tension between

Rigzone·May 19

U.S. LNG Exporters Ask Europe for a Methane Timeout

United States liquefied natural gas exporters are lobbying the European Union to delay enforcement of its strict methane import regulations until at least 2028.

OilPrice·May 19

Equinor and Eneco Sign New Long-Term Gas Supply Deal

Equinor has entered into a new long-term natural gas sales agreement with Dutch utility Eneco, reinforcing Norway's dominant role in northwestern Europe's energ

OilPrice·May 19
May 19

$2.3 billion LNG project breaks ground in Southeast Asia

May 19

OMV’s Wittau gas field starts up, targets 11TWh in phase one

May 19

Cabinet moves bring Cyprus gas one step closer to market

May 19

FSRU launch bringing Europe’s next terminal closer to completion

May 19

UAE and India deepen energy ties with oil, LNG, LPG and storage deals

May 19

OMV Starts Up Major Austrian Gas Development

May 19

Karpowership upping Mexico’s energy ante with LNG-to-power project

May 19

Offshore vessel charging pilot launches this June in Denmark

May 19

Next Gas Price Spike May Come Just Before Memorial Day

May 19

UAE, India Agree to Expand Energy Supply Partnership