News

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

Rigzone·6d ago·1 min read

Refiner Profits Are Soaring

A perfect storm of constrained global refining capacity and resilient post-pandemic fuel demand has pushed U.S. refining margins to historic highs. This profitability surge marks a dramatic turnaround

OPEC Oil Production Jumps, But Gulf Supply Is Still Far From Normal

The partial recovery of OPEC's crude output in June highlights the cartel's struggle to stabilize global markets following severe geopolitical disruptions in th

OilPrice·6d ago

Hormuz Turns Oil Outlooks Into a Guessing Game

The Strait of Hormuz remains the ultimate geopolitical wild card for global energy markets, rendering long-term oil price forecasting highly speculative. As a p

OilPrice·6d ago

Russia Scrambles for Asian Jet Fuel as Crisis Deepens

In an unprecedented turn of events, Russia is resorting to importing aviation fuel from Asia to stave off domestic shortages, highlighting severe structural vul

OilPrice·6d ago

DOJ Urges States to Enforce Fuel Price-Gouging Laws

The Trump administration has escalated its political campaign against rising domestic fuel costs by formally directing the Department of Justice to coordinate w

OilPrice·6d ago
6d ago

Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama

6d ago

TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers

6d ago

The landscape is changing in Cyprus’ exclusive economic zone

6d ago

Texas Oil Regulator Directs DOGE to Enhance RRC Efficiency

6d ago

Japan's Top Oil Refiner Eyes a Post-Hormuz Future

6d ago

Altera Infrastructure on FPSO duty for Eni’s West African oil & gas project

6d ago

Alberta Advances West Coast Oil Pipeline Project

6d ago

ExxonMobil passes the baton for Australian oil & gas asset to Woodside

6d ago

Kiewit receives LNTP for Glenfarne’s Texas LNG export terminal

6d ago

Which Country is the Biggest Oil Consumer?