News

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

OilPrice·Jun 10·1 min read

Japan Secures Major LNG Deal as Energy Risks Mount

Japan's largest power generator, JERA, has locked in a critical 20-year liquefied natural gas (LNG) supply agreement with Malaysia's state-owned Petronas, set to commence in 2028. This long-term bilat

Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

The escalation of military tensions in the Persian Gulf has triggered an immediate risk premium in global crude benchmarks following targeted U.S. military acti

OilPrice·Jun 10

Disconnected Oil Futures Market Could See Price Spike within Weeks

The paper-driven oil futures market is exhibiting a dangerous disconnect from physical supply realities, ignoring the prolonged closure of the Strait of Hormuz

OilPrice·Jun 9

US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

The latest American Petroleum Institute data reveals a massive, larger-than-expected drawdown in US crude inventories, yet global oil benchmarks have remained l

OilPrice·Jun 9

The Clock Is Ticking Down To Iraq’s Economic Disaster On 27 July

Iraq is facing a critical economic deadline on July 27, 2023, as the temporary agreement governing its northern crude export pipelines through Turkey is set to

OilPrice·Jun 9
Jun 9

Oil Futures Volatility Returns

Jun 9

BLM Opens Review of 126,744 Acres for Colorado Oil and Gas Lease Sale

Jun 9

Cyprus promotes regional energy cooperation in Washington

Jun 9

Kuwait Offers Oil to Asian Buyers for 1st Time Since War

Jun 9

BP CEO Shakes Up Structure

Jun 9

North America Keeps Adding Rigs

Jun 9

Eni, Petronas give birth to Southeast Asia’s energy player with $20 billion five-year investment plan

Jun 9

Vaalco restarts Baobab oil output after FPSO refurbishment

Jun 9

Qatar Quietly Sends LNG Tanker Through Hormuz

Jun 9

Viridien, Aker BP forge OBN seismic pact to advance exploration in Norwegian waters