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Gulf Mercantile Exchange (GME) data show Oman crude July official selling price at $102/bbl, down $2.73 from June's $104.73/bbl.
2026-05-29
Gulf Mercantile Exchange (GME) data show Oman crude July official selling price at $102/bbl, down $2.73 from June's $104.73/bbl.
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2026-05-29
The company stated that Russia attacked Naftogaz facilities in the Kharkiv and Sumy regions of Ukraine.
The company stated that Russia attacked Naftogaz facilities in the Kharkiv and Sumy regions of Ukraine.
2026-05-29
Norway is pressing the European Union to rescind a proposed ban on new oil and gas drilling in the Arctic, saying the region holds nearly two‑thirds of its hydrocarbon resources. The EU plans to publish a new Arctic policy by end‑September; Norwegian
Norway is pressing the European Union to rescind a proposed ban on new oil and gas drilling in the Arctic, saying the region holds nearly two‑thirds of its hydrocarbon resources. The EU plans to publish a new Arctic policy by end‑September; Norwegian politicians, civil servants and industry and environmental lobbyists are lobbying Brussels. Norway, not an EU member but Western Europe’s largest oil and gas exporter, says its continental shelf meets about 30% of EU and UK gas demand, and recent threats to supplies via the Strait of Hormuz have bolstered its case for keeping Arctic development options open. Critics say the Arctic is warming three to four times faster than the global average and is particularly vulnerable to exploration, and that expanding drilling would impede the energy transition; they argue short‑term supply pressures do not justify opening the Arctic.
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