News

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

OilPrice·May 11·1 min read

Modi Urges Indians to Conserve Fuel as Oil Shock Spreads

Indian Prime Minister Narendra Modi has formally urged citizens to adopt remote work, curtail discretionary travel, and cut petroleum consumption to mitigate severe macroeconomic headwinds. As one of

Oil Tankers Go Dark to Exit the Strait of Hormuz

Commercial crude carriers are increasingly disabling their automatic identification systems (AIS) while navigating the Strait of Hormuz to shield valuable Middl

OilPrice·May 11

New Wave Offshore Energy gets mission-critical oversight job on Shell’s Brazilian oil & gas project

Shell Brasil has selected Texas-based marine consultancy New Wave Offshore Energy to provide mission-critical marine warranty services for an undisclosed deepwa

Offshore Energy·May 11·Shell plc

Oil Prices Surge After Trump Rejects Iran Peace Offer

Global benchmark crude surged sharply following the breakdown of diplomatic negotiations between the United States and Iran, reigniting severe geopolitical risk

OilPrice·May 11

$7 Billion In Perfectly Timed Oil Bets Sparks Insider Trading Fears

Suspicious trading volumes totaling approximately $7 billion across conventional crude derivatives and decentralized prediction markets have prompted mounting c

OilPrice·May 10
May 10

Oil Market Runs Down Safety Cushion as Supply Shock Worsens

May 10

Ukraine’s Drone War Is Reaching Deep Into Russia’s Oil Heartland

May 10

WISTA Cyprus visits Vasiliko LPG terminal

May 10

Equinor Starts Gas Production at Eirin in Norwegian North Sea

May 9

Trump Could Tap Oil under U.S. Military Bases to Top Strategic Reserve

May 9

Why U.S. Drillers Can’t Solve the World’s Oil Supply Crisis

May 8

Turkey Prepares New Maritime Claims Bill That Could Renew Tensions With Greece and Cyprus

May 8

Ukraine Says It Hit 2 Major Refineries in Russia

May 8

Cenovus Warns Oil Sands Growth Is Drying Up as Policy Uncertainty Mounts

May 8

Crude Settles Higher on Gulf Clashes