Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
The United States dispatched its Energy Secretary to Caracas to evaluate Venezuela's recently enacted hydrocarbons law, specifically examining its potential to stimulate actual oil supply increases. T
The International Energy Agency (IEA) has adjusted its forecast for the global oil market, reducing its previous warnings about a significant production surplus
The OPEC+ alliance is reportedly leaning towards resuming oil production increases starting in April, following a period of stable output maintained throughout
Global crude oil benchmarks, specifically West Texas Intermediate, experienced a notable decline this week, with prices falling below $63 per barrel. This downt
ExxonMobil's fifth major oil development offshore Guyana is rapidly progressing towards first oil, with Dutch firm Jumbo Offshore successfully completing the cr