News

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

OilPrice·Jun 19·1 min read

Russia Is Rationing Fuel in Moscow After Drone Strikes

The implementation of gasoline rationing in Moscow represents a significant domestic setback for Russia, exposing the cumulative damage inflicted on its refining sector by targeted Ukrainian drone cam

Kuwait Says Oil Output Could Hit 2 Million Bpd Within a Week

Kuwait's state-run oil company is preparing a massive, rapid scale-up of its crude production to 2 million barrels per day following the reopening of the critic

OilPrice·Jun 19

Why Oil Prices Are Falling Even as Tankers Remain Trapped

The recent U.S.-Iran ceasefire has triggered a sharp decline in global crude prices as financial markets price in the imminent normalization of flows through th

OilPrice·Jun 19

Equinor to Boost Troll Gas Output with $412 Million Subsea Development

Equinor and its joint venture partners have sanctioned a $412 million (NOK 4.5 billion) investment in the Troll Phase 3 Stage 2 project to sustain high-volume g

OilPrice·Jun 19·Shell plcTotalEnergies SE

Vitol Supplies Emergency Fuel to Zambia in IMF-Opposed Deal

Global energy trader Vitol has secured an exclusive, short-term monopoly to supply diesel to landlocked Zambia through a critical regional pipeline, bypassing s

Rigzone·Jun 19
Jun 19

Oil Markets Need More Than a Peace Deal to Recover

Jun 19

Venture Global Bags New LNG Supply Contract from EnBW

Jun 19

Energy Transfer to Expand Texas NGL Export Terminal

Jun 19

Var Energi to Proceed with Balder Next Project

Jun 19

India Receives First Post-Deal LNG Cargo Through Strait Of Hormuz

Jun 19

Valeura Energy concludes Nong Yao drilling campaign in Gulf of Thailand

Jun 19

Advanced underwater vehicle goes on first mission to chart Norwegian Sea’s subseascape

Jun 19

Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil

Jun 19

Oil Flows Resume Through Hormuz as Insurers Remain Wary

Jun 19

Libya Draws Oil Majors Back in First Licensing Round in 17 Years