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

Devon and Coterra have completed their merger, creating a major U.S. shale operator with expanded Delaware basin scale and operations spanning the Anadarko, Eagle Ford and Marcellus plays. SourceContinue Reading

Angola’s First New Refinery in 50 Years Ships Its First Fuel Cargoes | 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 07, 2026, 8:30 AM CDT The Cabinda oil refinery...Continue Reading

EU Imports of Yamal Gas Hit Record Ahead of Ban on Russian LNG | 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 07, 2026, 7:30 AM CDT The EU boosted...Continue Reading

Oil Prices Waver as Market Weighs Chances of U.S.-Iran Deal | 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 07, 2026, 5:00 AM CDT Front-month Brent Crude futures dropped to...Continue Reading

Oil Crunch Prompts Plastics Crisis in Asia | 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 07, 2026, 4:00 AM CDT Asia is facing plastics shortages because of the oil and gas...Continue Reading

Shell Beats Profit Estimates as War Brings Trading Windfall | 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 07, 2026, 3:17 AM CDT Shell (NYSE: SHEL) on Thursday reported consensus-beating...Continue Reading

EU Suspends Methane Rules as Energy Crunch Intensifies | 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 07, 2026, 2:00 AM CDT The European Union has decided to suspend a regulation requiring...Continue Reading

At OTC in Houston, ExxonMobil’s John Ardill said the coming “demand decade” will require more upstream investment, stronger policy alignment and faster deployment of AI-driven technologies. He pointed to autonomous drilling in Guyana and the U.S. shale model as indicators of where exploration is headed. SourceContinue Reading