News

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

OilPrice·May 24·1 min read

European Gas Storage Can’t Survive 3 More Months of Hormuz

Equinor executives warn that Europe's gas storage levels could face a critical shortfall if disruptions in the Strait of Hormuz persist for 1-3 months. This is due to Europe entering the summer refill

Coal Is Fueling China’s Next Energy Power Play

The article highlights the resurgence of coal consumption in China, driven by energy security concerns and disruptions in gas supply. This shift is occurring de

OilPrice·May 24

Australia’s LNG Industry Warns Policy Uncertainty Is Hurting Investment

Australian LNG producers are urging state and federal governments to streamline project approvals and provide fiscal stability to capitalize on the global gas m

OilPrice·May 24

Heat Pump Sales Surge Across Europe Amid Energy Shortages

Heat pump sales are increasing significantly across Europe due to high gas prices and energy shortages exacerbated by the Russia-Ukraine conflict. Consumers are

OilPrice·May 24

Norway Doubles Down on Oil and Gas as Europe Scrambles for Supply

Norway has increased its oil and gas production to compensate for supply disruptions, particularly following the closure of the Strait of Hormuz. This move aims

OilPrice·May 23
May 23

NYSE Owner, OKX to Launch Perpetual Futures Tied to Oil

May 23

Kronos gas development: A viable project for companies — but will Cyprus benefit?

May 23

Cronos gets DPP approval on eve of elections

May 22

Colombia's Natural Gas Crisis Deepens as Strait of Hormuz Closure Cuts Supply

May 22

Ukraine Says It Targeted Yaroslavl Oil Refinery Again

May 22

Asia’s Next Energy Hub May Rise in Malaysia

May 22

Oil Swings on Iran Peace Hopes

May 22

3D-Printed Copper Plates Could Cut Data Center Cooling Energy Use by 97%

May 22

Oil Prices Rise as Iran Tempers U.S. Deal Hopes

May 22

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030