Baker Hughes and Strohm are developing a hybrid flexible pipe for ultra-deepwater flowline and riser applications, targeting reduced weight and improved installation efficiency. SourceContinue Reading

Iraq Offers Huge Discounts for Crude Shipments via Hormuz | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 05, 2026, 9:30 AM CDT OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude...Continue Reading

Ukraine Hits 400,000 bpd Kirishi Refinery in Drone Attack Near St. Petersburg | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 05, 2026, 8:30 AM CDT One of Russia’s largest oil refineries, the 400,000 barrels-per-day Kirishi refinery southeast of St. Petersburg, was on fire early...Continue Reading

Missile Strikes and Naval Escalation Threaten Fragile Gulf Cease-Fire | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – May 05, 2026, 8:00 AM CDT U.S. forces intercepted...Continue Reading

Ships Cluster Off Dubai as Iran Expands Area of Control at Hormuz | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 05, 2026, 7:30 AM CDT About five dozen vessels...Continue Reading

Norway’s $2.2T Fund Accused of Backing Big Oil | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 05, 2026, 6:30 AM CDT The world’s biggest sovereign wealth fund, Norway’s $2.2-trillion...Continue Reading

Norway’s $2.2 Trillion Wealth Fund Accused of Siding with Big Oil on Climate Issues | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 05, 2026, 6:30 AM CDT The world’s...Continue Reading

Goldman Sachs: Global Oil Inventories Fall to 8-Year Low | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 05, 2026, 5:30 AM CDT Global oil inventories are crashing and approaching...Continue Reading

Explosion Rocks South Korean Cargo Ship in Strait of Hormuz | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 05, 2026, 4:30 AM CDT South Korean authorities are investigating the...Continue Reading

California Gas Prices Surge Past $6 Amid Oil Supply Crunch | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 05, 2026, 3:00 AM CDT Californian retail fuel prices have hit $6.114 per...Continue Reading