News

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

OilPrice·Jul 15·1 min read

The Next Oil Rally May Depend On China, Not The Middle East

The global oil market's next major price movement is increasingly tied to Chinese demand dynamics rather than geopolitical friction in the Middle East. During recent escalations involving Iran, Chines

Canada Ties New West Coast Pipeline to Oil Sands Expansion

A major alignment between Canadian federal authorities, the Alberta provincial government, and leading oil sands operators has cleared a critical hurdle for a p

OilPrice·Jul 14

US Crude Oil, Gasoline Inventories Still Falling

The latest American Petroleum Institute data reveals a consecutive weekly draw in US commercial crude stockpiles, signaling sustained tightness in the physical

OilPrice·Jul 14

Dangote's Dollar Shift Reveals Nigeria's Bigger Oil Problem

The decision by the newly commissioned Dangote Petroleum Refinery to price its domestic fuel sales in U.S. dollars highlights a systemic failure in Nigeria's up

OilPrice·Jul 14

EU’s Arctic LNG appetite hits new high with €5.96 billion bill for 136 Russian cargoes in H1 2026

Despite ongoing geopolitical tensions and rhetorical commitments to decouple from Russian energy, the European Union has solidified its role as the primary fina

Offshore Energy·Jul 14
Jul 14

Golar LNG tasks Axess with work on FLNG pair bound for South American project

Jul 14

AIM-listed player seeks to widen gas horizons with exploration permit offshore New Zealand

Jul 14

Chesapeake Utilities unveils $1.2bn Florida Energy Pathway plan

Jul 14

Iran Sneaks 12 Million Barrels Past Renewed U.S. Oil Blockade

Jul 14

SLB OneSubsea wins EPC contract for Baleine phase three

Jul 14

China’s Crude Oil Imports Crash to Decade Low as Hormuz Crisis Bites

Jul 14

Oil Prices Have Jumped 12% Since Friday as War Risks Return

Jul 13

Oil Refiners Are Cashing In on a Market That Won’t Stay Broken

Jul 13

OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz

Jul 13

Oil Prices Surge 8% After Trump Reimposes Iran Blockade