Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
The Trump administration, through Energy Secretary Chris Wright, announced plans to refill the Strategic Petroleum Reserve (SPR) after the current emergency drawdown, aiming to add 1.2 barrels for eve
The US oil rig count increased by 5 this week, reaching 415, contributing to a total active rig count of 551. While this week saw an increase, the total rig cou
The article highlights Vaca Muerta shale in Argentina as a potential alternative to Middle Eastern oil supply, particularly given increasing geopolitical instab
Oil prices jumped $7 this week despite bearish demand forecasts from OPEC and the IEA. Geopolitical tensions surrounding Iran and the Strait of Hormuz, coupled
Pakistan has reportedly secured safe passage for Qatari LNG vessels through the Strait of Hormuz, a critical chokepoint, amidst ongoing tensions in the region.