News

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

OilPrice·Mar 3·1 min read

Qatar’s Latest LNG Mega-award Signals a Full Strategic Turn to the West

Qatar has recently finalized a significant LNG supply agreement, signaling a definitive strategic reorientation towards Western energy markets. This move underscores the critical role LNG has assumed

Surging Oil Prices Could Derail Pakistan’s Fragile Economic Recovery

Global oil prices experienced a significant surge, climbing nearly 10% in early trading, following a major geopolitical escalation in the Persian Gulf. Iran lau

OilPrice·Mar 2

Brazil’s Oil Production Keeps Growing

Brazil, a rapidly expanding oil producer and South America's largest economy, has formally accepted an invitation to join the OPEC+ alliance in early 2025. This

OilPrice·Mar 2

Crude Jumps on Iran War Escalation

Escalating geopolitical tensions, particularly concerning Iran, have triggered a sharp increase in global crude oil prices. This surge is primarily driven by fe

Rigzone·Mar 2

U.S. Gasoline Tops $3 as Iran Conflict Sends Fuel Prices Higher

U.S. average gasoline prices have surged past $3 per gallon for the first time since November, a direct consequence of escalating geopolitical tensions involvin

OilPrice·Mar 2
Mar 2

Chevron declares force majeure as Israel shuts Leviathan gas field

Mar 2

How Many Hormuz Warnings Does Europe Need?

Mar 2

Chevron Declares Force Majeure as Israel Shuts Leviathan Gas Field

Mar 2

Gas Surges as Qatar Shuts World's Largest LNG Export Plant

Mar 2

Iran War Sends Oil Curve Into Crisis Mode

Mar 2

PM Aldabaiba discusses with Shell activating January’s MoU expediting its return to the Libyan market – supporting its exploration and development programmes

Mar 2

Cyprus has enough fuel supplies to last for two months

Mar 2

Seplat Expects 10 Percent Increase in Annual Output

Mar 2

Emerging technologies shaping oil and gas operations

Mar 2

Oil and gas contracts value reports increase in Q4 2025