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

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Rigzone·Apr 8·1 min read

Oil Sharply Reprices Lower

Oil prices have decreased sharply, indicating a significant repricing in the market. According to Naeem Aslam, CIO at Zaye Capital Markets, the market's volatility is driven by news headlines, suggest

Two-week ceasefire deal putting Strait of Hormuz back in business

An alleged deal between the U.S. and Iran has reportedly been struck, involving a two-week ceasefire in exchange for reopening the Strait of Hormuz. The Strait

Offshore Energy·Apr 8

Refining Margins to Provide Buffer as Shell Gas Production Takes War Hit

Shell anticipates a decrease in Integrated Gas production in Q1 2026, projecting 880,000-920,000 boed compared to 948,000 boed in Q4 2025. This decline is attri

Rigzone·Apr 8·Shell plc

Eco Wave Power reports continuous operations of its Israeli pilot project

Eco Wave Power reports continuous operation of its wave energy pilot project at Jaffa Port, Israel. This demonstrates the viability of wave energy technology an

Offshore Energy·Apr 8

Oil prices dip below $100 after US, Iran agree on ceasefire

Oil prices fell below $100 per barrel after a reported agreement between the US and Iran for a two-week ceasefire, conditional on the reopening of the Strait of

Offshore Technology·Apr 8
Apr 8

AFR taps Fluor for FEED at new refinery in Brownsville, Texas

Apr 8

Saudi player’s takeover bid deadline for UK oil & gas firm gets prolonged

Apr 8

China’s Teapot Refiners Rush to Secure Iranian Crude as Oil Prices Slide

Apr 8

Eni discovers 2tcf of gas in Egypt’s Temsah Concession

Apr 8

Iran, US Eke Out Truce

Apr 8

Malaysian Tanker With Iraqi Crude Passes Through Hormuz

Apr 8

Oil Prices Plunge Below $100 as Trump Announces Iran Ceasefire

Apr 8

The Pentagon Has 268 Days to Replace America’s Most Critical Supply Chain

Apr 7

Crude Sinks on Two-Week Iran Pause

Apr 7

JPMorgan Flags Oil Shock as New Inflation Driver