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Wednesday
05
Aug 2026
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Green light for sale of Cypriot natural gas: First exports from “Cronos” expected in 2028

Cyprus is entering the era of natural gas production and exports for the first time, after Eni reached the final investment decision for the development of the “Cronos” gas field in Block 6 of the Cypriot Exclusive Economic Zone (EEZ)

Chevron enters Block 10 in the Kyparissiakos Gulf with a 70% stake & Operator role – Path opens for next phase of exploration

Approvals for the agreement with HELLENiQ ENERGY were completed in record time. Chevron will acquire its fifth offshore concession in Greece’s hydrocarbons sector

Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon

Natural gas: Egypt “locks in” all production from the Aphrodite field in Cyprus

Egypt secures all production from the Aphrodite field, enhancing its energy security and investing in new gas transmission infrastructure in the Eastern Mediterranean

International Energy Agency: Even if the war ends now, it will take six months to restore oil and natural gas flows

The problem will worsen as long as energy flows from the Middle East remain blocked, noted the head of the organization, Fatih Birol

Oil reaches $114, European natural gas jumps 30% after strikes on Middle East energy infrastructure

Strikes on critical energy facilities in the Middle East, as markets price in serious disruptions to global supply

Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year

The escalation of attacks on Iran’s critical energy infrastructure, such as the South Pars gas field, is triggering a new surge in prices

UBS: The good, the bad and the “ugly” scenario for oil and natural gas

Oil remains the most immediate indicator of geopolitical risk – Brent crude oil could range from $80 to $150 across UBS scenarios, while European gas could move between €50 and €80

Middle East: Conflict may hasten Europe’s “divorce” from Russian gas

The message from the Americans is clear: Accelerate the flow of US LNG to Europe's most vulnerable markets and that is why, according to Reuters, the value of the Vertical Corridor is highlighted

Oil: Explosive weekly surge of 35% in US crude and 28% in Brent amid crisis in the Strait of Hormuz

The escalation of the US–Iran war sent oil prices soaring, with WTI recording its biggest weekly rise since 1983 and Brent its largest since 2020

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