Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
US commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), fell by over 7 million barrels week-over-week to reach 426.5 million barrels for the week ending June 5. This sign
Intelligence firm Rystad Energy warns that oil prices could surge to $150 per barrel if the fragile ceasefire between the United States and Iran collapses and h
Oil futures rose on June 11 following reports of the closure of the Strait of Hormuz amid escalating tensions between the United States and Iran. As one of the
Rystad Energy has warned that oil prices could surge toward $150 per barrel if hostilities between the U.S. and Iran resume in earnest. This potential price spi
South Korea's Taihan Cable & Solution has signed memoranda of understanding (MOUs) with leading offshore installation contractors Jan De Nul and Boskalis to coo