Canada Scores Record Trade Surplus on High Oil | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – May 07, 2026, 3:00 PM CDT Canada posted its first trade surplus in six months in March, with exports jumping 8.5% as...Continue Reading

Iran has cut oil production by roughly 400,000 barrels per day (bpd) as exports stall and storage runs out, according to U.S. Energy Secretary Chris Wright. “It looks like they’ve likely already cut back their production, maybe by 400,000 barrels a day,” Wright said in an interview on Thursday. “They’ll likely continue to ramp down...Continue Reading

Canadian Natural Says Pipeline Needed to Unlock Oil Sands Growth | 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 07, 2026, 1:30 PM CDT Canada’s oil sands can grow, but getting...Continue Reading

Trump-Linked Tungsten Deal in Kazakhstan Moves Forward | 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 07, 2026, 1:00 PM CDT Cove Kaz Capital closed a deal to...Continue Reading

U.S. Cracks Down on Iraq Oil Links to Iran | 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 07, 2026, 12:30 PM CDT The United States has sanctioned Iraq’s deputy oil...Continue Reading

UAE Running Ghost Tankers Through Hormuz to Escape Iran’s Blockade | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 07, 2026, 12:00 PM CDT ADNOC moved at least 6 million barrels of Upper Zakum and Das crude through the Strait of Hormuz...Continue Reading

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