News

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

OilPrice·Feb 28·1 min read

OPEC+ Weighs Shock Output Surge as Iran Conflict Rattles Oil Markets

Amid escalating military tensions involving Iran that threaten regional energy flows, OPEC+ is reportedly weighing a substantial increase in oil production at its upcoming meeting. This potential move

World’s Most Critical Oil Route Under Operational Freeze

A significant and unconfirmed claim has emerged from former US President Donald Trump, asserting the death of Iran's Supreme Leader, Ayatollah Ali Khamenei. Thi

OilPrice·Feb 28

Israel shuts down Leviathan gas field and energy infrastructure amid Iran strikes

Israel has temporarily halted operations at its critical Leviathan offshore gas field and other key energy infrastructure following recent US and Israeli milita

In-Cyprus·Feb 28·Chevron Corporation

Oil Markets Brace for Volatility As U.S.-Israel Launch Strikes Across Iran

A major escalation in Middle Eastern tensions occurred this morning as the United States and Israel conducted coordinated military strikes across Iran, targetin

OilPrice·Feb 28

How America’s Action in Venezuela Guaranteed Guyana’s Oil Future

Guyana has rapidly ascended to become one of the world's wealthiest nations, driven by significant offshore petroleum discoveries in its territorial waters. Thi

OilPrice.com·Feb 28·Chevron CorporationExxonMobil
Feb 27

U.S. Crude Daily Average Production Falls in December as Bakken Leads Pullback

Feb 27

Crude Jumps as Iran Risks Mount

Feb 27

VEN Fuel Retailers Press Gov to Hike Pump Prices

Feb 27

The Oil Glut That Never Showed Up

Feb 27

US Oil Drilling Activity Slows as Oil Prices Jump

Feb 27

Gulf Oil Producers Open the Taps as Iran Risk Premium Builds

Feb 27

Glenfarne Brings on Another Potential Offtaker for Alaska LNG Project

Feb 27

Russia Shipped 80% of its 2025 Oil Exports to China and India

Feb 27

Oil Jumps as Iran Clock Ticks Toward Zero

Feb 27

UAE Boosts Murban Crude Exports Ahead of Key OPEC+ Decision