News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
OilPrice·Jun 22·1 min read

Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets

The tentative diplomatic agreement between the United States and Iran has failed to stabilize crude markets, as conflicting signals regarding the operational status of the Strait of Hormuz fuel ongoin

The Hormuz Threat Oil Markets Are Ignoring

Renewed geopolitical friction involving US-Iran rhetoric and stalled diplomatic negotiations in Switzerland has once again elevated risks surrounding the Strait

OilPrice·Jun 22

Oil Drops as Iran Talks Advance

Global crude benchmarks retreated following Washington's decision to grant limited sanctions relief, allowing restricted volumes of Iranian oil back onto the gl

Rigzone·Jun 22

Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas

Greece is rapidly transforming into the primary energy gateway for Southeastern and Central Europe, backed by a massive $26 billion investment wave aimed at end

OilPrice·Jun 22

The Oil Crisis Is Far From Over

The recently signed Memorandum of Understanding (MOU) outlining terms for a negotiated settlement between the United States and Iran is highly unlikely to avert

OilPrice·Jun 22
Jun 22

Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies

Jun 22

The Race to Revive Venezuela’s Vast Oil Wealth Is Underway

Jun 22

U.S. Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash

Jun 22

Russia Rations Fuel in Crimea as Ukraine Targets Oil Infrastructure

Jun 22

Iran Gets Oil Trading Respite from US

Jun 22

Libya Reaches 1.4 MMbpd of Oil Production

Jun 22

Wellesley confirms Carmen gas-condensate discovery in North Sea

Jun 22

Var Energi Realigns Stakes offshore Norway

Jun 22

Another local company comes onboard Indonesian natural gas project

Jun 22

Methanol-ready subsea vessel traveling from Vietnam to Norway for completion