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WTI edges up to $78.50 after Israeli strike on Rafah

West Texas Intermediate (WTI) crude oil was up slightly and hovering around $78.50 a barrel in Asian trading on Tuesday, following Israel’s strike on Rafah in Gaza. Meanwhile negotiations for a ceasefire continued without resolving. According to Reuters, Israeli forces targeted Rafah on Gaza’s southern edge

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Aphrodite faces uncertain future

Nicosia rejects Chevron’s improved omtimisation plan   Cyprus has chosen to play hardball with the partners of the country’s first gas discovery, the 3.5 tcf Aphrodite offshore gasfield, made back in 2011,

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A stormy 20 years or just a cloud?

It’s been 20 years since Cyprus joined the major eastward enlargement of the European Union, firmly becoming an integral part of the

Mavridis takes over as Cablenet’s new CEO

Ioannis Mavridis, Cablenet’s financial boss for the past four years, is being promoted to CEO as of July 1, replacing Yiannos Michaelides who is stepping down after four years at the helm and will remain a consultant until the end

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Aphrodite faces uncertain future

Nicosia rejects Chevron’s improved omtimisation plan   Cyprus has chosen to play hardball with the partners of the country’s first gas discovery, the 3.5 tcf Aphrodite offshore gasfield, made back in 2011,

More

New approach needed for maritime hub

The sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the

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WTI ends losing streak after Saudi oil price hike

The West Texas Intermediate (WTI) crude oil price snapped its losing streak, trading around $78.20 a barrel in the Asian session on Monday, after Saudi Arabia raised June crude prices for most regions. The Saudi kingdom increased the Official Selling Prices (OSPs)

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Aphrodite faces uncertain future

Nicosia rejects Chevron’s improved omtimisation plan   Cyprus has chosen to play hardball with the partners of the country’s first gas discovery,

Aphrodite faces uncertain future

Nicosia rejects Chevron’s improved omtimisation plan   Cyprus has chosen to play hardball with the partners of the country’s first gas discovery,

More

RoRo traffic up 75% in Limassol since 2017

Limassol port has seen a 75% rise in wheeled cargo traffic ever since DP World Limassol took over its operation in 2017, processing around 60,000 multipurpose RoRo units (roll-on/roll-off) last year alone. Over the past six years the number of

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New approach needed for maritime hub

The sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the