Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Saudi Aramco has opted to enhance shareholder returns by increasing its dividend and initiating a $3 billion share buyback program. This strategic decision comes despite the company reporting a declin
Saudi Aramco, the world's largest oil producer, reported a 12% decline in net profits to $104.7 billion for the fiscal year, a result primarily attributed to th
Iran has issued a significant warning, threatening to block all oil exports from the Middle East unless the United States and Israel cease their military action
Global crude oil prices experienced a significant decline in early Asian trading on Tuesday, reversing a sharp rally from the previous day. This market shift wa
Cyprus's water reservoirs are critically low, holding only 21% of their capacity despite recent rainfall, according to the Water Development Department. This pe