Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Oil prices surged in early Asian trading following U.S. military strikes against Iranian targets near the critical Strait of Hormuz, which were launched in retaliation for a downed Apache helicopter.
The oil futures market remains disconnected from physical realities, largely driven by sentiment despite a massive disruption of 13 million barrels per day due
The American Petroleum Institute reported a massive crude oil inventory draw of 9.119 million barrels for the week ending June 5, significantly outpacing analys
Iraq, OPEC's second-largest oil producer, faces a critical deadline on July 27 when its agreement to export crude through two pipelines into Turkey is set to ex
Crude oil futures experienced a downward swing in prices despite the presence of active supply disruptions in the market. This return of volatility highlights a