News

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

OilPrice·Jul 1·1 min read

Putin Admits Shortage of Fuel After Weeks of Refinery Strikes

The Kremlin's admission of active negotiations to import gasoline marks a critical turning point in the Ukraine-Russia energy conflict, proving that Kyiv's targeted drone campaign against Russian refi

Ukraine’s Drone Campaign Forces Russia to Buy Gasoline From India

In a dramatic reversal of traditional energy flows, Russia has been forced to import seaborne refined gasoline from India to cover domestic deficits caused by U

OilPrice·Jul 1

Saudi Aramco Slashes July LPG Prices as Global Supply Swells

Saudi Aramco and Algeria's Sonatrach have aggressively slashed their July official selling prices for liquefied petroleum gas (LPG) in response to a rapidly exp

OilPrice·Jul 1

Oil Execs Predict Future WTI Oil Prices

The Q2 Dallas Fed Energy Survey reveals that US shale executives are anchoring their medium-term planning around a highly stable West Texas Intermediate (WTI) p

Rigzone·Jul 1

Cyprus poised to make ‘continuous concessions’ by energy giants

The Cypriot government is reportedly making successive regulatory and contractual concessions to international oil companies (IOCs) to maintain momentum in its

Cyprus Mail·Jul 1·ExxonMobil
Jul 1

LNG Trade Could Match 2025 despite Mideast Crisis, Shell Says

Jul 1

Eni, Mercuria Agree to Join Forces in Commodity Trading

Jul 1

BP Sees More Leadership Changes

Jul 1

Trump Tells Gasoline Retailers to Cut Prices Immediately

Jul 1

Petronas reports two new hydrocarbon finds in Suriname’s Block 52

Jul 1

Transocean secures $1bn Equinor contract for three Norwegian rigs

Jul 1

Oil's Softening Trend Continues

Jul 1

ADNOC, Eni Acquire Stakes in Argentina LNG Blocks

Jul 1

ExxonMobil, QatarEnergy pen commercial gas discovery declaration in Cyprus

Jul 1

America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars