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

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Offshore Energy·Apr 6·1 min read

Asian multi-well drilling campaign bumped to May

Jasmine Energy (JEL), a subsidiary of Rex International, has delayed its offshore Oman multi-well drilling campaign to the second quarter of 2026. This delay impacts Rex International's near-term prod

OPEC Commits to Boost Output Once Hormuz Reopens

OPEC has agreed to a theoretical increase in oil production by 206,000 barrels per day, but this increase is unlikely to materialize due to the ongoing Strait o

OilPrice·Apr 6

Cyprus EEZ in the limelight

Cyprus and Egypt's energy ministers leveraged the prominent EGYPES conference in Cairo to sign a new framework agreement, signaling renewed high-level commitmen

Cyprus Mail·Apr 6

Global Fuel Shortage Pushes Governments Toward Demand Controls

WTI crude oil prices surpassed Brent crude this week, an unusual occurrence attributed to immediate supply concerns in the U.S. market. This price inversion sug

OilPrice·Apr 5

Britain Urges G7 to Accelerate Clean Energy Push Amid Global Turmoil

The UK is pushing the G7 to accelerate the transition to clean energy in response to global geopolitical instability. This call aims to enhance energy security

OilPrice·Apr 5
Apr 5

BP, ADNOC Approve Harmattan Gas Project offshore Egypt

Apr 4

What Beijing Is Learning From Operation Epic Fury

Apr 4

The Two-Week Window That Could Break Global Commodity Markets

Apr 4

Turkey Weighs Raising Energy Prices

Apr 4

Turkey Raises Energy Prices

Apr 4

Cyprus fuel prices fall as emergency tax cut takes effect

Apr 4

ExxonMobil and QatarEnergy declare Glaucus and Pegasus gas fields commercially viable

Apr 4

Cyprus Business Now: hotel support measures, economic slowdown, natural gas

Apr 3

Continental Boosting Oil Output as Prices Soar

Apr 3

Trump Says US Could ‘Take the Oil’ in Hormuz Push