News

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

OilPrice·Feb 20·1 min read

Oil Prices Head for First Weekly Gain Since January on Iran Tensions

Global crude oil prices are experiencing their first weekly increase since January, reversing a three-week decline, primarily due to heightened geopolitical tensions stemming from a direct ultimatum i

Libya’s Oil Licensing Round Fails to Deliver Promised Comeback

Libya's first oil licensing round in nearly two decades, launched by the National Oil Corporation in March 2025, has reportedly failed to attract the anticipate

OilPrice·Feb 20

Civil War-Torn Sudan Sits On Unexplored Mineral Riches Worth Billions

Sudan, a nation historically reliant on agriculture and oil, is now strategically pivoting to unlock its extensive, largely unexplored mineral resources. This s

OilPrice·Feb 20

Trump’s Energy Dominance Clashes with Soaring Bills at Home

The Trump Administration's core energy policy, centered on achieving "energy dominance" through robust natural gas production and record LNG exports, is inadver

OilPrice·Feb 19

Japan’s $36 Billion Bet on U.S. Energy Dominance

Japan has initiated a substantial investment in the United States' energy sector, committing $36 billion as part of a larger $550 billion program tied to a bila

OilPrice·Feb 19
Feb 19

Oil Settles At Six-Month High

Feb 19

Energy debate reignites as MPs clash over EAC budget

Feb 19

Bulgaria's Lukoil Refinery Slashes Costs By $8 Million

Feb 19

Hungary Weighs Cutting Power and Gas Shipments to Ukraine

Feb 19

EIA: US Crude Oil Inventories Slump As Demand Rises

Feb 19

Oil Demand Slumped by 614,000 Bpd in December on U.S. Decline

Feb 19

Trump Admin Threatens To Withdraw From IEA Over Net Zero Agenda

Feb 19

USA Says VEN Oil Output Can Climb 30-40 Pct This Year

Feb 19

EIA Lowers USA Gasoline Price Forecasts

Feb 19

Shell spins the drill bit with Stena drillship in Egyptian waters