Oil dropped after OPEC+ agreed to another large output increase, raising concern that additional supply could lead to a global glut just as the trade war threatens demand. The drop follows OPEC+’s latest agreement to continue loosening supply constraints. SourceContinue Reading

Big Oil Holds Steady on Dividends Despite Oil Price Slump | 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 Premium Content By Tsvetana Paraskova – May 05, 2025, 5:00 PM CDT Despite market uncertainty and falling oil...Continue Reading

BW Energy has reached final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO. SourceContinue Reading

Russia Backs Iraqi Push To Reopen Key Oil Pipeline To Syria As Gateway To Europe | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – May 05, 2025,...Continue Reading

STR, a provider of advanced sensor technology, has strengthened its global offering by entering into a partnership with SubC Imaging, an original equipment manufacturer (OEM) of subsea cameras, digital video recorder products and data-as-a-service provider. SourceContinue Reading

Trump: Low Oil Prices Put U.S. In Good Negotiating Position With Russia | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 05, 2025, 2:38 PM CDT US President Donald Trump may...Continue Reading

Europe’s Hunt for Natural Resources in Central Asia | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – May 05, 2025, 2:00 PM CDT The EU is increasing its focus...Continue Reading

ADNOC Gas has announced net income of $1.27 billion for Q1 2025, attributing the strong performance to continued demand for domestic gas – up on the equivalent quarter last year – as a result of strong economic growth in the UAE. SourceContinue Reading

BP’s Head of Sustainability Steps Down, No Successor Named | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 05, 2025, 1:00 PM CDT BP’s top sustainability executive, Giulia Chierchia, will leave the company on June 1. BP’s financial performance has deteriorated, with...Continue Reading

Sunoco LP (NYSE: SUN) is bulking up again—this time north of the border. The Dallas-based fuel distributor announced Monday it will acquire Parkland Corporation (TSX: PKI) in a $9.1 billion cash-and-stock deal, including assumed debt. The move expands Sunoco’s footprint deep into Canada and the Caribbean, while consolidating its position in North American fuel supply...Continue Reading