The cost of Oman crude on the Gulf Mercantile Exchange slipped below Brent on Tuesday for the first time since late 2024, according to data compiled by Bloomberg. That marks the end of the Middle Eastern grade’s longest run of premiums over the global benchmark since 2023. SourceContinue Reading

Oil Hits One-Year Low on Tariffs Fears, Rising Supply | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Mar 05, 2025, 12:30 PM CST Oil prices declined for the third consecutive day after U.S. crude oil stocks posted a...Continue Reading

Libya’s oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The bid round is expected to attract foreign investors and drive exploration activities across Libya’s resource-rich basins. SourceContinue Reading

Texas Seeks to Balance AI Growth and Grid Security | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Mar 05, 2025, 12:00 PM CST Texas is projected to need the equivalent of 30 nuclear power plants by 2030 to meet the electricity demands...Continue Reading

STATS Group, a global provider in pipeline isolation and connection solutions, is tackling critical challenges in offshore infrastructure and revolutionizing subsea pipeline tie-ins with its advanced mechanical hot tap clamps and proprietary intervention technologies.  SourceContinue Reading

Trump’s Secret Plan To Restart Nord Stream 2 Sparks Backlash in Germany | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Mar 05, 2025, 11:45 AM CST Germany is exploring ways to prevent the resumption of the Nord Stream...Continue Reading

Russian oil supply to the Czech Republic via the Druzhba pipeline was cut short on Tuesday due to sanction-linked payment issues between Czech refineries’ Polish owner and Russian suppliers. According to CTK news agency, the disruption forced refiner Unipetrol to ask to tap state reserves, with the Czech government agreeing to release 330,000 metric tons...Continue Reading

Battery Pack Prices Drop Below Key Threshold but China Rules the Market | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 05, 2025, 10:30 AM CST The global average price of an EV battery pack dropped below the $100 per kilowatt-hour threshold, considered the milestone...Continue Reading

Crude oil inventories in the United States saw an increase of 3.6 million barrels during the week ending February 28, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were down prior to the crude data release by the U.S. Energy Information Administration, even after the American Petroleum...Continue Reading

Ukrainian Energy Firm Discusses U.S. LNG Deliveries to Europe | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 05, 2025, 9:30 AM CST DTEK, Ukraine’s biggest private energy company, is holding talks with U.S. developers to bring more LNG to Europe, the firm’s chief executive...Continue Reading