Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
The US oil and gas rig count increased this week, driven by a rise in active oil rigs. This suggests that higher oil prices are incentivizing US drillers to increase production, although the total rig
A Kazakhstan court has upheld a $1.4 billion award in favor of Ukraine's Naftogaz against Russia's Gazprom. This ruling stems from a dispute related to gas tran
Ukraine has reportedly struck the Yaroslavl oil refinery, a facility operated by Gazprom Neft with a capacity of 300,000 barrels per day. This attack is part of
The article discusses the ongoing stress in global oil markets due to disruptions in the Strait of Hormuz, weak economic data, and declining inventories. Despit
U.S. crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), decreased by almost 8 million barrels week-over-week, according to the EIA's latest