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

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OilPrice·Jul 16·1 min read

India, South Africa To Boost Their Strategic Petroleum Reserves

The decision by major non-IEA emerging economies like India and South Africa to bolster their Strategic Petroleum Reserves (SPRs) signals a structural shift in global energy security paradigms followi

IEA Predicts First Decrease in Global Oil Demand Since 2020

The International Energy Agency's projection of a potential contraction in global oil demand marks a pivotal shift in post-pandemic energy dynamics, driven by p

OilPrice·Jul 16

Chevron Moves Closer to Iraq's Biggest Oil Prize—and a Hormuz Exit Strategy

Chevron's preliminary agreements to develop Iraq's massive West Qurna 2 and Nassiriya projects signal a major strategic push by the U.S. supermajor to secure lo

OilPrice·Jul 16·Chevron Corporation

Oil Ends Lower but Holds Weekly Gains

Global crude benchmarks experienced a minor pullback as market participants locked in profits following a strong weekly rally driven by escalating geopolitical

Rigzone·Jul 16

Eni CEO: Big Oil Bets on Southeast Asia and Latin America

Eni's leadership has signaled a strategic pivot in global upstream capital allocation, driven by persistent maritime security threats in the Middle East's criti

OilPrice·Jul 16·ENI S.p.A.
Jul 16

$21 billion Asian LNG project enters construction phase with groundbreaking ceremony

Jul 16

Ukraine Hit 2 Large Russia-Linked Oil Tankers in Black Sea

Jul 16

Argent LNG, Naftogaz pool resources to look into multi-path LNG supply and distribution

Jul 16

GTT’s new LR-approved NO96 criteria expand LNG carrier design flexibility

Jul 16

Oil prices fall but remain near one-month highs amid Gulf tensions

Jul 16

USA Crude Oil Stocks Drop Almost 2MM Barrels WoW

Jul 16

Delfin issues LNTP to Siemens Energy for FLNG2 vessel

Jul 16

Delfin gives Siemens go-ahead for early works on second FLNG, as EIG’s MidOcean signs up to come aboard

Jul 16

JDR delivers electrical umbilical for Ireland’s only producing natural gas field