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

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OilPrice·May 29·1 min read

Supermajor Warns Oil Prices Could Hit $160 Within Weeks

The article discusses a potential surge in oil prices, possibly reaching $160 per barrel, due to dwindling operational crude oil stocks. This prediction, stemming from concerns initially raised by JPM

Reform UK Deputy Tells Industry North Sea Drilling Is Priority

Reform UK's Deputy Leader, Richard Tice, has stated that the party would prioritize cutting energy bills through North Sea drilling over green energy investment

Rigzone·May 29

Japan Crude Imports Fell 66% in April

Japan's crude oil imports plummeted by 66% in April compared to the previous year, reaching approximately 850,000 barrels per day. This significant drop is attr

OilPrice·May 29

Oil futures fall amid reports of potential US-Iran ceasefire extension

Oil futures experienced a roughly 2% drop on May 29th due to reports suggesting a potential ceasefire extension agreement between the US and Iran. This developm

Offshore Technology·May 29

CBI to Deliver Storage Tanks for Commonwealth LNG

CB&I has been awarded a contract to construct five LNG storage tanks for the Commonwealth LNG project in Louisiana. This award signifies continued progress and

Offshore EnergyTotalEnergies SE