News

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

Rigzone·Jul 2·1 min read

Oil Holds Near Prewar Lows

Global crude benchmarks are hovering near pre-war lows as robust export volumes flowing through the strategic Strait of Hormuz signal that physical supply remains highly resilient despite heightened g

Carney Backs B.C. Tanker Ban as Alberta Unveils Pipeline Plan

A major political clash has emerged in Western Canada as federal adviser Mark Carney publicly endorsed British Columbia's coastal tanker ban, directly challengi

OilPrice·Jul 2

Iran Tightens Grip on Strait of Hormuz Tanker Traffic

Tehran's unilateral declaration of routing authority over the Strait of Hormuz represents a significant escalation in its efforts to project power over the worl

OilPrice·Jul 2

Tesla Delivers a Blowout Quarter, Crushing Wall Street Estimates

Tesla's surprisingly robust second-quarter delivery figures represent a pivotal moment for the global electric vehicle (EV) market, challenging the prevailing n

OilPrice·Jul 2

OPEC+ Plans Another Output Hike. The Market Barely Notices.

OPEC+ is moving forward with scheduled production increases despite a lukewarm market response, signaling a shift in strategy from price defense to market share

OilPrice·Jul 2
Jul 2

Trump Administration Advances New California Oil Lease Plans

Jul 2

MODEC’s Brazil-bound FPSO hull on its way to China for integration work

Jul 2

USA Crude Oil Stocks Drop Almost 4MM Barrels WoW

Jul 2

Aqualis brings Southeast Asian player into its fold

Jul 2

Shell Offloads Stake in US Gulf Production Hub

Jul 2

Galilee Energy begins drilling Zydeco-1 well on Louisiana Gulf Coast

Jul 2

Russia Gasoline Shortage Starts to Spill Into Central Asia

Jul 2

Floating hydrogen terminals edge closer to reality with ammonia cracking tech validation

Jul 2

Ocean energy can supply 13% of global electricity demand, report says

Jul 2

Execs Predict Where Henry Hub Price Will Land in Future