News

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

OilPrice·May 19·1 min read

Oil Prices Fall After Trump Pauses Planned Iran Strike

Global crude benchmarks experienced downward pressure after Washington opted to delay a retaliatory military action against Tehran, prioritizing diplomatic talks over immediate escalation. This tactic

US Waiver Extension Keeps India’s Russian Crude Lifeline Open

The United States has extended sanctions waivers enabling Indian refiners to process stranded maritime cargoes of Russian crude oil and refined petroleum produc

OilPrice·May 18

Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began

Escalating geopolitical conflict involving Iran and subsequent disruptions around the Strait of Hormuz have triggered an acute supply shock, inflicting an estim

OilPrice·May 18

Venezuela Circulates Draft of Oil Law Regs for Cos

Caracas has begun distributing draft regulatory frameworks to foreign and domestic energy companies to operationalize its recently enacted hydrocarbons legislat

Rigzone·May 18

Oil Settles Higher on Iran Doubts

Global benchmark crude prices advanced as escalating diplomatic friction and stalled negotiations involving Iran injected fresh supply-risk premiums into the ma

Rigzone·May 18
May 18

The Iran War Could Trigger a Global Fertilizer Shock

May 18

North America Adds More Rigs WoW

May 18

Canada Strikes Deal to Start Building Oil Pipeline in 2027

May 18

30-year gas pact puts $44 billion LNG project at go/no‑go crossroads

May 18

USA Upstream M&A Hit $38B in Q1

May 18

UAE fast-tracks oil pipeline to boost exports outside Hormuz strait

May 18

$13 billion US LNG project moves into execution phase with FID in the bag

May 18

US DOE Awards Over $94MM to Light Water SMR Advancement Projects

May 18

Argent LNG and BOTAŞ shake on US LNG deal to enrich Türkiye’s energy arsenal

May 18

Santos, Repsol Start Oil Production at Alaska Project