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

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OilPrice·Apr 29·1 min read

Venezuelan Crude Will Eventually Lower US Gas Prices: Chevron Exec

Chevron leadership anticipates that resuming and expanding Venezuelan crude flows to Gulf Coast refiners will structurally alleviate upward pressure on United States retail fuel prices. While US pump

Chevron Corporation

Military Spending Soars in Armenia and Azerbaijan Despite Peace Agreement

Recent data from SIPRI indicates that both Azerbaijan and Armenia maintained near-record military expenditures as a percentage of GDP in 2025, defying expectati

OilPrice·Apr 29

Another Russian Oil Facility Struck As Zelensky Touts Drone Capabilities

Ukrainian long-range strike capabilities have expanded significantly, marked by a suspected drone operation targeting a critical oil pumping station in Russia's

OilPrice·Apr 29

Pakistan PM: Oil Import Costs Up 167% Since Iran War Began

Pakistan is facing severe fiscal strain as regional geopolitical conflict drives weekly petroleum import expenses to unprecedented highs. With benchmark crude c

OilPrice·Apr 29

Russia Says It Has No Plans to Leave OPEC+

Moscow has reaffirmed its strategic commitment to the OPEC+ alliance in a bid to calm global crude markets following reports concerning the United Arab Emirates

Rigzone·Apr 29
Apr 29

Eni Reaches Agreement with Venezuela to Restart 35Bbbl Field

Apr 29

M&P, NG Energy make gas discovery at Hechicero-1X well in Colombia

Apr 29

OMV Petrom Raises Annual Budget by 23 Percent

Apr 29

Woodside LNG Trading Shielded from Iran War

Apr 29

Turkey plans to construct natural gas pipeline to Cyprus

Apr 29

Macquarie Strategists Predict USA Crude Inventory Drop

Apr 29

Christodoulides calls for ‘acceleration’ of plans to extract natural gas

Apr 29

TotalEnergies Raises Q1 Dividend as LNG Trading Rides Volatility

Apr 29

Petro Victory confirms 72m gas pay at SJ-12 well in São João field

Apr 29

UAE to quit OPEC, opening door to higher output outside quotas