News

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

Rigzone·Jul 1·1 min read

Saudis Make Rare Spot Oil Sales

Saudi Aramco's departure from its traditional long-term contract model to sell millions of barrels of crude on the spot market signals a tactical shift in Riyadh's marketing strategy. This unusual mov

How the U.S. and U.K. Are Redrawing Syria's Energy Map

The landmark agreement between Syria's state-owned oil firm and Western energy majors marks a highly controversial geopolitical shift in the Middle East's energ

OilPrice·Jul 1

Crude Extends Losses on Glut Fears

Global crude benchmarks extended their downward trajectory as supply anxieties eased, driven by the normalization of maritime traffic through the critical Strai

Rigzone·Jul 1

Same Fear, Different Fallout: Oil and Gold's Diverging Collapse

The recent decoupling of oil and gold prices marks the end of a five-month correlation driven by geopolitical anxiety over a potential US-Iran conflict. While b

OilPrice·Jul 1

Russia’s Security and Trade Blocs Show Signs of Fracturing

The escalating vulnerability of Russian domestic energy infrastructure to Ukrainian drone strikes is severely undermining Moscow's geopolitical leverage and reg

OilPrice·Jul 1
Jul 1

Putin Admits Shortage of Fuel After Weeks of Refinery Strikes

Jul 1

Ukraine’s Drone Campaign Forces Russia to Buy Gasoline From India

Jul 1

Saudi Aramco Slashes July LPG Prices as Global Supply Swells

Jul 1

Oil Execs Predict Future WTI Oil Prices

Jul 1

Cyprus poised to make ‘continuous concessions’ by energy giants

Jul 1

LNG Trade Could Match 2025 despite Mideast Crisis, Shell Says

Jul 1

Eni, Mercuria Agree to Join Forces in Commodity Trading

Jul 1

BP Sees More Leadership Changes

Jul 1

Trump Tells Gasoline Retailers to Cut Prices Immediately

Jul 1

Petronas reports two new hydrocarbon finds in Suriname’s Block 52