News

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

OilPrice·Jun 13·1 min read

UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude

The United Kingdom has formalized a hard deadline of January 1, 2027, to eliminate the 'refining loophole' that allowed petroleum products derived from Russian crude oil to enter its domestic market v

Russia, China, and Iran Are Joining Forces Against Western Pressure

The deepening strategic alignment between Russia, China, and Iran represents a formidable challenge to Western hegemony, particularly through the creation of al

OilPrice·Jun 13

ExxonMobil Explores Acquisitions Including Woodside

ExxonMobil's internal deliberations regarding a potential acquisition of Australia's Woodside Energy signal a continued appetite for mega-mergers in the oil and

Rigzone·Jun 13·ExxonMobil

The Oil Market Could Be Weeks From a Breaking Point

Despite a prolonged, unprecedented blockage of the Strait of Hormuz that has sidelined 13 million barrels per day of global supply, crude prices have surprising

OilPrice·Jun 12

Oil Drops to Four-Month Low

Crude oil benchmarks have plummeted to their lowest levels in four months following reports of diplomatic progress between Washington and Tehran regarding the S

Rigzone·Jun 12
Jun 12

The Hidden Supply Chain Behind Every SpaceX Launch

Jun 12

Pace of US Oil Drilling Inches Up

Jun 12

U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says

Jun 12

A War of Words Sends Brent Crude to a Two-Month Low

Jun 12

Europe Wary Of Too Much Dependence on U.S. LNG

Jun 12

APA Expands Alaska Footprint with Savant Acquisition

Jun 12

Nigeria's Crude Oil Production Hits 15-Month High

Jun 12

No ‘immediate commercialization’ in sight for gas discovery offshore Japan

Jun 12

Australian gas project’s LNG comes to Japan as JERA brings in first cargo

Jun 12

Norway Pitches Arctic Resources as Key to EU Energy Security