News

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

OilPrice·Jun 19·1 min read

80 Million Barrels of Crude Are Lined Up to Exit the Strait of Hormuz

The imminent transit of 80 million barrels of Iranian crude through the Strait of Hormuz, following a preliminary US-Iran diplomatic understanding, marks a major shift in global oil supply dynamics. T

Forget Critical Metals, Electricity is The Real Bottleneck for AI

The rapid expansion of artificial intelligence is shifting the primary constraint of tech development from hardware and critical minerals to raw electrical grid

OilPrice·Jun 19

First Oil Sands Project in 10 Years Starts Production

International Petroleum Corp. (IPC) has initiated commercial production at its Blackrod oil sands project in Alberta, marking the first greenfield oil sands dev

OilPrice·Jun 18

Oil Slips as Hormuz Traffic Resumes

Global crude prices experienced a downward correction as maritime traffic resumed through the strategic Strait of Hormuz, easing immediate market anxieties over

Rigzone·Jun 18

Germany Considers Extending Oil Reserve Relief Despite Falling Prices

Germany's consideration to extend its strategic oil reserve waiver reflects deep-seated anxieties over European energy security, despite a temporary cooling of

OilPrice·Jun 18
Jun 18

How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices

Jun 18

Hormuz Shipping Activity Accelerates

Jun 18

ExxonMobil Backs 1st South African LNG Import Terminal with Supply Deal

Jun 18

Oil prices hit lowest level since March after US-Iran ceasefire deal

Jun 18

Sable Seeks $1B Loan

Jun 18

Equinor Targets 150,000 Boed Production Growth by 2030

Jun 18

India’s Energy Import Bill Jumps 82% Due to High Oil Prices

Jun 18

Brazil’s frontier basin lit up as TGS, SLB drive 3D seismic push

Jun 18

More Than 60 Million Barrels of Oil Ready to Head to Asia as Hormuz Reopens

Jun 18

ExxonMobil and ZET strike deal for South Africa’s first LNG terminal