News

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

OilPrice·Mar 3·1 min read

Qatar’s LNG Blackout Just Broke the Global Gas Market

QatarEnergy has completely ceased its liquefied natural gas production following reported Iranian drone attacks targeting its facilities on March 2. This unprecedented shutdown of the world's second-l

Qatar’s Latest LNG Mega-award Signals a Full Strategic Turn to the West

Qatar has recently finalized a significant LNG supply agreement, signaling a definitive strategic reorientation towards Western energy markets. This move unders

OilPrice·Mar 3

Surging Oil Prices Could Derail Pakistan’s Fragile Economic Recovery

Global oil prices experienced a significant surge, climbing nearly 10% in early trading, following a major geopolitical escalation in the Persian Gulf. Iran lau

OilPrice·Mar 2

Brazil’s Oil Production Keeps Growing

Brazil, a rapidly expanding oil producer and South America's largest economy, has formally accepted an invitation to join the OPEC+ alliance in early 2025. This

OilPrice·Mar 2

Crude Jumps on Iran War Escalation

Escalating geopolitical tensions, particularly concerning Iran, have triggered a sharp increase in global crude oil prices. This surge is primarily driven by fe

Rigzone·Mar 2
Mar 2

U.S. Gasoline Tops $3 as Iran Conflict Sends Fuel Prices Higher

Mar 2

Chevron declares force majeure as Israel shuts Leviathan gas field

Mar 2

How Many Hormuz Warnings Does Europe Need?

Mar 2

Chevron Declares Force Majeure as Israel Shuts Leviathan Gas Field

Mar 2

Gas Surges as Qatar Shuts World's Largest LNG Export Plant

Mar 2

Iran War Sends Oil Curve Into Crisis Mode

Mar 2

PM Aldabaiba discusses with Shell activating January’s MoU expediting its return to the Libyan market – supporting its exploration and development programmes

Mar 2

Cyprus has enough fuel supplies to last for two months

Mar 2

Seplat Expects 10 Percent Increase in Annual Output

Mar 2

Emerging technologies shaping oil and gas operations