News

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

OilPrice·Mar 5·1 min read

Two Russian Urals Tankers Divert 14 Million Barrels to Indian Ports

Two Russian Urals crude tankers, originally bound for East Asia, have redirected their 1.4 million barrels cargo to Indian ports. This diversion highlights the ongoing flexibility in global oil trade

Subsea7 secures additional work at Sakarya field in Türkiye

Subsea7 has secured an expanded contract from the Turkish Petroleum Offshore Technology Center (TP-OTC) for the ongoing development of Türkiye's significant Sak

Offshore Technology·Mar 5

Japan Refiners Ask Government to Tap Crude Stocks

Japanese oil refiners have formally requested their government to tap into the nation's strategic petroleum reserves. This unprecedented move reflects growing i

Rigzone·Mar 5

Corinth Pipeworks to buy 100-year-old LSAW pipes facility in UK

Greek pipe manufacturing giant Corinth Pipeworks, a subsidiary of Cenergy Holdings, is strategically expanding its production capabilities by acquiring a centur

Offshore Energy·Mar 5

Exxon Ships U.S. Gasoline to Australia

ExxonMobil is undertaking an unprecedented move by dispatching gasoline from the U.S. Gulf Coast to Australia, a route not typically utilized for such refined p

OilPrice·Mar 5·ExxonMobil
Mar 5

China Halts Fuel Exports Amid Global Market Squeeze

Mar 5

StanChart Hikes Oil Price Forecast To $74 Per Barrel Amid Iran Conflict

Mar 5

Tanker Squeeze Adds Insult to Oil Injury amid Iran War

Mar 4

Iran War Upends LNG Market and Jolts Gas Prices

Mar 4

Strait of Hormuz Closure Sends European Gas Benchmark Soaring

Mar 4

Crude Volatile as Hormuz Risks Increase

Mar 4

Saudi's Biggest Oil Refinery Faces Another Attack

Mar 4

Middle East Conflict Poised to Benefit U.S. Chemical Manufacturers

Mar 4

U.S. Gives Rosneft’s German Refinery Network Open-Ended Sanctions Exemption

Mar 4

U.S. Crude Inventories Gain as Gasoline Inventories Keep Drawing