Chinese Firm Takes U.S. Banks to Court Over Pre-Sanction Payment Freeze | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 07, 2026, 11:30 AM CDT Chinese fuel trader HY Energy is suing U.S. banking giants JP Morgan and Citigroup for blocked payments to a Chinese...Continue Reading
Citigroup said oil markets are likely to remain highly volatile as traders react to shifting expectations surrounding a possible U.S.-Iran agreement and the reopening of the Strait of Hormuz. SourceContinue Reading
Oil Supply Shock Worsens amid Plunging Petroleum Inventories | 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 07, 2026, 11:00 AM CDT Global crude oil and fuel inventories are crashing...Continue Reading
Rex International has appointed upstream veteran Mike Hopkinson as COO as the company advances operations and prepares for additional drilling activity in Oman. SourceContinue Reading
SunPetro has launched India’s first 3C MEMS nodal seismic survey using Sercel WiNG technology, supporting high-resolution reservoir imaging and 4D monitoring in Gujarat. SourceContinue Reading
PetroTal raised its 2026 outlook and said it is preparing to resume development drilling at Peru’s Bretana field later this year as production stabilization efforts continue. SourceContinue Reading
IEA: Tight Gas Markets Will Last Through 2030 | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – May 07, 2026, 10:30 AM CDT The war in Iran and the subsequent loss of LNG supply from the Middle East are altering the...Continue Reading
How Iran Is Bypassing the Strait of Hormuz Blockade | 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 07, 2026, 10:00 AM CDT Iran is importing...Continue Reading
EU: Airlines Should Pay Passengers for Cancelations due to Fuel Price Surge | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – May 07, 2026, 9:30 AM CDT Airlines will have to continue reimbursing travelers if they cancel flights due to high...Continue Reading
Iran’s Oil Industry Under Pressure as U.S. Naval Blockade Begins to Bite | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 07, 2026, 9:00 AM CDT An Iranian source reportedly acknowledged that the U.S. naval blockade is severely damaging its economy and...Continue Reading
