Norway has launched its APA 2026 licensing round, adding 70 new exploration blocks across the North Sea, Norwegian Sea and Barents Sea to boost offshore activity. SourceContinue Reading

SES will provide satellite connectivity for seven new FPSO units operated by Petrobras, supporting offshore developments in Brazil scheduled to come online between 2026 and 2030. SourceContinue Reading

API Confirms Very Large Crude and Oil Product Draws | 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, 2026, 3:55 PM CDT The American Petroleum Institute (API) estimated that crude...Continue Reading

Portugal is moving toward a windfall tax on energy companies as the Iran conflict drives up oil and gas prices, with EU countries weighing coordinated action. SourceContinue Reading

Venezuela’s Oil Rebound Shows Why the Petrodollar Is a Logistics System | OilPrice.com Emir Phillips Emir J. Phillips is a finance professor and author whose work examines energy finance, monetary architecture, valuation, banking fragility, and political economy. His essays have… More Info Premium Content By Emir Phillips – May 05, 2026, 3:00 PM CDT Venezuela’s...Continue Reading

Norway Just Switched on Another Gas Lifeline for Europe | OilPrice.com Jan-Thore Bergsagel Jan-Thore is a Norwegian oil and gas expert with two decades of industry experience across a variety of roles. For the past five years, he… More Info Premium Content By Jan-Thore Bergsagel – May 05, 2026, 2:00 PM CDT Equinor has fast-tracked...Continue Reading

US Senators Push to Reinstate Russian Oil Sanctions | 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, 2026, 1:30 PM CDT A group of 14 Senate Democrats is pressing the...Continue Reading

The $12.5 Billion Investment Designed to Counter China’s Minerals Dominance | 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, 2026, 1:00 PM CDT The Asian Development Bank...Continue Reading

The U.S. said its ceasefire with Iran remains intact despite clashes in the Strait of Hormuz, where vessel attacks and missile strikes have heightened risks to global oil shipping. SourceContinue Reading

Top Permian Producer Adds Rigs as Oil Rally Holds | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 05, 2026, 12:00 PM CDT Diamondback averaged 521,000 bpd in Q1 2026, above the high end of its own guidance, and is raising its...Continue Reading