News

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

Rigzone·2d ago·1 min read

Qatari LNG Carrier Struck in Hormuz

The physical targeting of a fully laden Qatari LNG vessel near the Strait of Hormuz represents a dangerous escalation in maritime energy risks, directly threatening the primary transit corridor for gl

India’s Fuel Consumption Slips Despite Record Crude Oil Imports

India's domestic fuel demand experienced a notable contraction in June, dropping both month-on-month and year-on-year despite the country maintaining historical

OilPrice·2d ago

Big Oil Heads for Record Profits as Trump Turns Up the Heat on Gas Prices

A dramatic surge in crude oil prices, driven by geopolitical friction and the temporary closure of the critical Strait of Hormuz shipping chokepoint, has positi

Shell And ExxonMobil Are Betting Billions On Nigeria's Deepwater Comeback

Nigeria is undergoing a structural overhaul of its energy sector, shifting its focus from troubled onshore assets to high-yield deepwater projects while scaling

OilPrice.com·3d ago·ExxonMobilShell plc

Saudi Arabia Ships 34 Million Barrels Through Hormuz Despite Thin Tanker Traffic

Despite a significant drop in visible vessel traffic through the Strait of Hormuz, Saudi Arabia has successfully moved approximately 34 million barrels of crude

OilPrice·3d ago
3d ago

Saudi Price Cut Sends Oil Lower

3d ago

Russia Oil Price Falls to Pre-Iran War Level

3d ago

North America Drove Nearly Half Of Global Emissions Growth In 2025

3d ago

UAE Oil Production Nears Record High After OPEC Exit

3d ago

Russia’s Oil Windfall Vanishes as Urals Crashes to $42 a Barrel

3d ago

Europe versus China: who is ready to take over the Southeast Asian power industry?

3d ago

Ukraine Hits Russia's Biggest Refinery

3d ago

Which Country is the World's Biggest Energy Supplier?

3d ago

Elixir Energy’s Lorelle-3H begins transition to gas production

3d ago

Who Are the Most Prolific Private Oil, Gas Producers in USA?