News

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

OilPrice·May 7·1 min read

Oil Prices Edge Higher as Iran Deal Doubts Resurface

Crude benchmarks staged a modest recovery following a sharp retreat as traders recalibrated the probability of Iranian barrels returning swiftly to global markets. Persistent diplomatic friction surro

U.S. Oil Exporters Under Scrutiny As Gas Prices Spike Across 50 States

Surging domestic gasoline prices across all 50 states have intensified political and regulatory scrutiny on record-breaking U.S. crude and petroleum product exp

OilPrice·May 7

Oil Shortage Pain Begins for Asia

Severe export disruptions across the Persian Gulf have begun cascading through Asian energy markets, threatening major regional economies with protracted stagfl

OilPrice·May 6

Iran War Boosts Russia April Oil Tax Revenue to 6 Month High

Escalating regional hostilities involving Iran have driven a sustained rally in global crude benchmarks, directly boosting the Russian Federation's hydrocarbon

Rigzone·May 6

Oil Sinks on Iran Peace Proposal

Global benchmark crude and natural gas futures experienced sharp downward pressure following market reports of potential diplomatic breakthroughs between Washin

Rigzone·May 6
May 6

Fujairah in Focus as Oil Flows Reroute Around Hormuz Crisis

May 6

Supply Chain Pressures Reshaping the European Offshore Wind Market

May 6

U.S. Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows

May 6

Trump Turns to Courts to Shield Big Oil from Climate Lawsuits

May 6

US offshore wind “not a dead industry” – Oceantic Network CEO

May 6

20-year offtake deal in the US LNG deepwater port project’s bag

May 6

Shell, INEOS Plan More Joint Tiebacks in US Gulf

May 6

Fresh gas discovery unveiled as Eni and BP drill offshore well from onshore

May 6

First gas on track before 2026 ends with Southeast Asian project’s subsea ops in full swing

May 6

Gas Trading Boosts Equinor Profit