A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as U.S. President Donald Trump’s trade war and OPEC+ production increases hammer crude prices. SourceContinue Reading

Europe’s benchmark natural gas prices rose early on Monday following an unplanned cut to capacity of the giant Troll gas field in Norway, the single largest supplier of gas to Europe.  Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, jumped by 2.2% at trade open in Amsterdam on Monday, before easing some...Continue Reading

Brent traded below $65 a barrel, erasing earlier gains. U.S. President Donald Trump extended the deadline for higher tariffs on the EU, triggering global relief. But crude prices remain under pressure as OPEC and its allies consider another bumper output hike. SourceContinue Reading

Oil production has started from the fourth development phase of the Mero field off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos basin. The field is operated by Petrobras (38.6%), with TotalEnergies and Shell Brasil each holding 19.3% working interest.  SourceContinue Reading

Saudi Arabia and Kuwait Announce New Oil Discovery | 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 26, 2025, 8:00 AM CDT Saudi Arabia and Kuwait have announced a new...Continue Reading

Industry Seeks Sweeter Terms to Develop Offshore Wind in Japan | 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 26, 2025, 7:00 AM CDT Offshore wind industry representatives are seeking...Continue Reading

India Fears Oil Spill as Cargo Ship Sinks in Arabian Sea | 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 26, 2025, 5:57 AM CDT Indian authorities and coast guard...Continue Reading

Taiwan Plans Referendum on Nuclear Energy Reversal | 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 26, 2025, 4:28 AM CDT Taiwan will hold in August a referendum on whether...Continue Reading

Aramco Considers Asset Sales to Raise Cash | 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 26, 2025, 3:29 AM CDT Saudi Aramco is reportedly exploring asset sales as a means of...Continue Reading

Russia Adds Military Escorts to Oil Tanker Fleet in Gulf of Finland | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 26, 2025, 2:36 AM CDT Russian military vessels are escorting oil tankers traversing the Gulf of Finland, Finland’s defense minister told media this weekend,...Continue Reading