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

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OilPrice·Jul 14·1 min read

China’s Crude Oil Imports Crash to Decade Low as Hormuz Crisis Bites

China's crude oil imports experienced a dramatic contraction in June, tumbling to levels not seen in ten years as escalating geopolitical tensions in the Strait of Hormuz severely disrupted maritime l

Oil Prices Have Jumped 12% Since Friday as War Risks Return

Global crude benchmarks have surged by approximately 12% following a sharp escalation in geopolitical tensions between the United States and Iran, disrupting th

OilPrice·Jul 14

Oil Refiners Are Cashing In on a Market That Won’t Stay Broken

Global oil refiners are experiencing an unexpected windfall as refining margins surge to multi-year highs. While crude oil prices have retreated to pre-Middle E

OilPrice·Jul 13

OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz

OPEC's third consecutive downward revision of its global oil demand growth forecast signals a structural shift in market sentiment, as macroeconomic headwinds o

OilPrice·Jul 13

Oil Prices Surge 8% After Trump Reimposes Iran Blockade

The sudden reinstatement of U.S. sanctions and a blockade on Iran by the Trump administration has triggered a massive 8% spike in global crude benchmarks, pushi

OilPrice·Jul 13
Jul 13

Iraq’s Oil Lifeline Has Been Saved, But For How Long?

Jul 13

Noble’s 2013-built drillship lines up 296-day Southeast Asian job

Jul 13

UAE Tells OPEC Its Oil Production Surged Last Month

Jul 13

After TechnipFMC, Eni brings OneSubsea onboard Côte d’Ivoire project

Jul 13

Petronas expands three-decade-long LNG ties with Shizuoka Gas up to 2039

Jul 13

Petronas, Shizuoka Gas sign seven-year LNG supply agreement

Jul 13

New player eyes coming aboard Greece’s FSRU project with Aktor-Motor Oil deal

Jul 13

South Africa Plans First Oil Reserves Boost Since Apartheid

Jul 13

Strait of Hormuz Tanker Traffic Falls to Five-Week Low

Jul 13

Aquaterra Energy and James Fisher team up to deliver simplified decommissioning