News

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

OilPrice·May 19·1 min read

Oil Prices Fall After Trump Pauses Planned Iran Strike

Oil prices declined in early trading following President Trump's decision to halt a planned military strike against Iran. This decision eased immediate concerns about potential disruptions to oil supp

US Waiver Extension Keeps India’s Russian Crude Lifeline Open

The US extended a waiver on Russian crude and oil products for India, allowing shipments already loaded before a certain date to continue. This extension provid

OilPrice·May 18

Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began

The article reports that U.S. consumers have paid an extra $45 billion in gasoline and diesel costs since the start of a hypothetical Iran war and the closure o

OilPrice·May 18

Venezuela Circulates Draft of Oil Law Regs for Cos

The Venezuelan government is distributing a draft of regulations related to its recently implemented oil law. This move is crucial for international oil compani

Rigzone·May 18

Oil Settles Higher on Iran Doubts

Oil prices increased due to renewed uncertainty surrounding the Iran nuclear deal negotiations. The stalled talks raise concerns about the potential return of I

Rigzone·May 18
May 18

The Iran War Could Trigger a Global Fertilizer Shock

May 18

North America Adds More Rigs WoW

May 18

Canada Strikes Deal to Start Building Oil Pipeline in 2027

May 18

30-year gas pact puts $44 billion LNG project at go/no‑go crossroads

May 18

USA Upstream M&A Hit $38B in Q1

May 18

UAE fast-tracks oil pipeline to boost exports outside Hormuz strait

May 18

$13 billion US LNG project moves into execution phase with FID in the bag

May 18

US DOE Awards Over $94MM to Light Water SMR Advancement Projects

May 18

Argent LNG and BOTAŞ shake on US LNG deal to enrich Türkiye’s energy arsenal

May 18

Santos, Repsol Start Oil Production at Alaska Project