News

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

Rigzone·Jun 30·1 min read

Morgan Stanley Warns of Oil Glut

Morgan Stanley's consecutive downward revisions to its global oil price forecasts signal a growing consensus among Wall Street analysts that the crude market is transitioning from deficit to surplus.

The Oil Benchmark Named Brent Is Losing Its Brent

The global physical oil market has reached a historic milestone as the Brent field itself, the namesake of the world's premier crude benchmark, is scheduled to

OilPrice·Jun 30

Russian Refinery Disruptions Ripple Across Central Asian Fuel Markets

Drone strikes and operational disruptions at Russian domestic refineries have severely constrained Moscow's refined product export capacity, triggering a supply

OilPrice·Jun 30

US Crude Output Sets New Monthly Production Record

The United States has solidified its position as the world's leading crude producer, reaching an unprecedented monthly output peak that underscores the efficien

OilPrice·Jun 30

Oil Markets Brace for a Summer of Hormuz Volatility

Escalating military exchanges between the United States and Iran have pushed Brent crude past the $73 per barrel threshold, heightening fears of severe supply d

OilPrice·Jun 30
Jun 30

Appraisal ops at Namibian discovery corroborate oil-bearing reservoir continuity

Jun 30

Markets Can't Price a Tweet, Industry Warns

Jun 30

Two hydrocarbon discoveries enrich Petronas’ oil & gas arsenal in South America

Jun 30

ExxonMobil eyes 2033 production start at Cyprus gas fields

Jun 30

NextDecade Seeks to Raise $3.5B in Debt Instrument Sale for Rio Grande LNG

Jun 30

Equinor to transfer Peon interest to Vår Energi in NCS deal

Jun 30

India Plans to Cut Reliance on Middle East Oil

Jun 30

Gas discovery edges closer to development with Equinor-Vår Energi asset swap

Jun 30

QatarEnergy, ExxonMobil Declare Cyprus Gas Discoveries Commercial

Jun 30

Who Is the World's Biggest Oil Producer?