News

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

OilPrice·Feb 9·1 min read

Hedge Funds Increase Bullish Oil Bets Amid Rising Iran Tensions

Speculative investors are significantly increasing their bets on rising crude oil prices, reaching multi-month highs, driven primarily by renewed geopolitical instability linked to Iran. This shift in

Why Falling Oil Prices Won’t Save Consumers From Rising Power Bills

Despite a recent decline in global crude oil prices, which benefits motorists, electricity consumers are experiencing a contradictory trend of escalating power

OilPrice·Feb 9

Ukrainian Strikes Take a Heavy Toll on Russia’s Oil Refineries

Ukrainian drone attacks have inflicted significant financial and operational damage on Russia's oil refining sector, with estimated losses reaching nearly $13 b

OilPrice·Feb 9

Egypt targets doubling oil output through advanced drilling technologies, global partnerships

Egypt's Ministry of Petroleum is initiating an ambitious five-year plan aimed at significantly boosting the nation's crude oil production. This strategy involve

Daily News Egypt·Feb 9

Tengiz Oilfield Ramps Up Output to 550,000 Bpd after Fire

Kazakhstan's massive Tengiz oilfield has significantly restored its output, reaching 550,000 barrels per day after a fire forced a shutdown for half of January.

OilPrice·Feb 9
Feb 9

Namibia refuses to recognize TotalEnergies oil acquisition

Feb 9

Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs

Feb 9

Competition watchdog warns Cyta-EAC energy deal would kill open market

Feb 9

Nauticus Robotics secures up to $50M financing for UAE expansion

Feb 9

Vitol Pushes Back Peak Oil Demand Forecast

Feb 9

WATCH: Eni commends LNG cargo debut from African FLNG project

Feb 9

Russia Crude Output Shrinks

Feb 9

AET to grow multi-fuel fleet with order for its first hybrid-electric, ethanol-ready tanker

Feb 9

Major oil & gas operators facing 48-hour strike across multiple UK offshore assets

Feb 9

ADNOC Gas Q4 2025 net income decreases 15% to $1.2bn