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

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OilPrice·Jun 26·1 min read

Oil Heads for Weekly Loss as Hormuz Tanker Traffic Rebounds

Crude oil benchmarks are experiencing a downward correction as maritime data reveals a swift normalization of tanker transits through the critical Strait of Hormuz chokepoint. This easing of supply di

Colombia's Cocaine Trade Now Outearns Its Oil Exports

Colombia's illicit cocaine trade has officially eclipsed its legitimate crude oil sector as the nation's primary export revenue generator, signaling a profound

OilPrice·Jun 25

Asia's Crude Buying Spree Is Running Out of Steam

Asia's major refining hubs have abruptly halted their aggressive spot purchasing campaign of Middle Eastern crude, signaling a shift in regional demand dynamics

OilPrice·Jun 25

Oil Rebounds After Hormuz Ship Attack

The recent attack on commercial shipping near the strategic Strait of Hormuz has triggered a sharp rebound in global crude prices, temporarily shifting market f

Rigzone·Jun 25

SpaceX Wants to Fuel Its Mars Ambitions With Its Own Gas Pipeline

Elon Musk's SpaceX is vertically integrating its energy supply chain by planning the construction of 'Starpipe,' a proprietary eight-mile natural gas pipeline i

OilPrice·Jun 25
Jun 25

Gas Prices Are Falling. Your July 4 Fill-Up Still Won't Feel Cheap.

Jun 25

Russia Turns Asia’s Oil Shock Into an Indonesian Opening

Jun 25

Major Saudi Oil Terminal Roars Back to Life as Gulf Supply Recovery Accelerates

Jun 25

AI Boom Forces Tennessee to Plan Massive Natural Gas Expansion

Jun 25

UK Energy Secretary Vetoed Plan to Boost Oil Output for Defense Funds

Jun 25

Vitol Seals 20-Year, 1MMtpa Deal to Supply LNG to IRH

Jun 25

First AI-powered walking island rig enters ADNOC Drilling’s fleet months ahead of schedule

Jun 25

Vår Energi submits PDO for Gjøa Subsea Projects in North Sea

Jun 25

Wellesley Confirms New Discovery in Norwegian North Sea

Jun 25

Equinor eyes final call on Norway’s largest undeveloped oil discovery by 2027-end