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

OilPrice·May 15·1 min read

Trump Administration Pledges SPR Refill With Bonus Oil Barrels

The United States Department of Energy has announced a novel repurchase strategy to replenish the Strategic Petroleum Reserve by acquiring 1.2 barrels for every single barrel released during ongoing e

US Oil Rig Count Jumps amid Rising Crude Prices

Recent data from Baker Hughes indicates an uptick in domestic US upstream activity, with operators adding five oil rigs in response to strengthening crude bench

OilPrice·May 15

Vaca Muerta Emerges as Top Alternative to Middle East Oil Supply Risk

Escalating geopolitical instability across the Middle East and maritime chokepoints is accelerating international interest in Argentina's prolific Vaca Muerta s

OilPrice·May 15

Xi-Trump Summit Disappoints as Oil Bulls Regain Momentum

Global crude benchmarks registered a sharp $7 per barrel weekly increase, driven primarily by escalating geopolitical friction surrounding Iran and heightened n

OilPrice·May 15

Pakistan Uses Diplomacy to Secure LNG Supply from Hormuz

Islamabad has successfully leveraged its diplomatic intermediary role between Washington and Tehran to secure safe passage for Qatari LNG cargoes through the vo

OilPrice·May 15
May 15

INPEX to Acquire PetroChina Stake in Australian Browse Gas Project

May 15

BP Weighs Egyptian Gas Asset Sale in Restructuring Drive

May 15

UAE to Double Oil Export Capacity Bypassing Hormuz by 2027

May 15

Texas Upstream Employment Rises

May 15

UK Moves to Ban New North Sea Oil and Gas Licences Permanently

May 15

Caturus makes FID on $13bn Commonwealth LNG project in Louisiana

May 15

India's Trade Deficit Jumps as Energy Import Prices Soar

May 15

Scottish Greens Push for Expanded Tax on Windfall Oil Profits

May 15

Yinson Production and PTSC lock in financing for Southeast Asian gas project’s FSO

May 15

India Signs LPG and Strategic Oil Reserves Deal with UAE