Crude oil inventories in the United States dipped by 2.8 million barrels during the week ending May 23, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute...Continue Reading

Galp Expects New Field to Boost Its Production in Brazil by 40% | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 29, 2025, 10:30 AM CDT Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as...Continue Reading

Nuclear Making a Comeback in US, Europe | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – May 29, 2025, 10:30 AM CDT A resurgence in nuclear energy...Continue Reading

Libya’s Eastern Government Warns Of Force Majeure on Oil Ports and Fields | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 29, 2025, 9:30 AM CDT The eastern government of Libya may declare force majeure on oil export terminals and oilfields due to “repeated assaults...Continue Reading

TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The deal increases Shell’s stake in the Bonga oil field to 67.5%. Shell completed its sale of onshore Nigeria assets in the West African nation. SourceContinue Reading

Zelenskyy Calls for Increased Pressure on Russia | 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 29, 2025, 9:00 AM CDT Ukrainian President Zelenskyy has urged...Continue Reading

bp Trinidad and Tobago (bpTT) has safely delivered first gas through connection of the initial discovery well at the Mento development, offshore Trinidad. The drilling campaign for the remaining seven gross wells on the platform will now begin, bp announced. Mento is a 50/50 joint venture between bpTT and EOG Resources. SourceContinue Reading

Saudi Arabia to Review Spending Priorities After Oil Price Slide | 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 29, 2025, 8:20 AM CDT Saudi Arabia will review its spending...Continue Reading

Japanese Utility Set to Sign LNG Supply Deal From U.S. Lake Charles Project | 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 29, 2025, 7:15 AM CDT Kyushu Electric Power...Continue Reading

Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield | 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 29, 2025, 6:10 AM CDT Shell will buy TotalEnergies’ 12.5%...Continue Reading