Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Record volumes, estimated at nearly 40 million barrels, of sanctioned crude from Iran, Russia, and Venezuela are currently held in floating storage on tankers offshore China. This unprecedented accumu
Geopolitical tensions in the Middle East are causing a significant surge in global oil prices, but the cost of refined petroleum products is escalating even mor
Iran has reportedly appointed the son of the late Ayatollah Ali Khamenei as its new Supreme Leader, marking a significant political transition in a key global o
The United States experienced an increase in its commercial crude oil inventories, reaching 439.3 million barrels as of February 27, according to the latest wee
Saudi Arabia has commenced a reduction in its crude oil production, a move that coincides with significant operational disruptions at the critical Strait of Hor
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