Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Vitol, the world's largest independent oil trader, assesses that ongoing international sanctions against major producers like Russia and Iran are significantly constricting global crude supply. This r
The OPEC+ alliance experienced a significant reduction in crude oil production during January, with output falling by 439,000 barrels per day compared to the pr
Japanese energy giant Inpex has projected a significant LNG supply shortfall in the Pacific coastal region, encompassing major Asian markets, by 2035. This warn
Ukrainian forces have successfully targeted another Russian oil refinery owned by Lukoil PJSC with drones, marking the second such incident involving the compan
The United States experienced a substantial increase in its commercial crude oil inventories, with stocks rising by over 8 million barrels week-over-week to rea