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

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Rigzone·Apr 18·1 min read

Magyar Says Druzhba Oil Flows Could Resume Next Week

The Druzhba pipeline, a key conduit for Russian oil to Central Europe, is potentially resuming operations next week after being offline since January. This resumption could alleviate supply concerns i

Tankers U-Turn in Persian Gulf as Iran Closes Hormuz Again

The article reports that Iran's Islamic Revolutionary Guard Corps (IRGC) has declared the Strait of Hormuz closed again after a brief opening, contradicting cla

OilPrice·Apr 18

Energy Prices Sink on Hormuz News

Oil and gas prices decreased following reports that Iran signaled a temporary reopening of the Strait of Hormuz. This development eased concerns about potential

Rigzone·Apr 17

Worst U.S. Drought in Decades Puts Spring Crops at Risk

A severe drought is impacting a significant portion of the US agricultural belt, jeopardizing crops and livestock. This situation is exacerbated by already high

OilPrice·Apr 17

Oil Tankers Test Hormuz Reopening

Following Iran's declaration of the Strait of Hormuz being open to shipping under a ceasefire framework, at least eight crude oil tankers have begun moving towa

OilPrice·Apr 17
Apr 17

US Oil, Gas Drilling Activity Slows

Apr 17

Oil Slides but the Real Test Comes This Weekend

Apr 17

Labor Dispute in Australia Could Further Hinder Global LNG Supply

Apr 17

Why Diesel Prices Surge Faster Than Gasoline in Every Energy Crisis

Apr 17

EIA Raises USA Fuel Price Projections for 2026, 2027

Apr 17

World’s first global shipping carbon price talks back at UN’s bargaining table

Apr 17

Oil Prices Sink 10% as Trump Announces Strait of Hormuz is Fully Open

Apr 17

Chile pilot blends 10% green hydrogen into gas network

Apr 17

Oil prices fall as US-Iran talks and ceasefire spur hopes

Apr 17

Dajin, Zhengli eye vessel retrofit for European offshore wind market