Iraq Denies U.S. Claim Deputy Minister Helped Iran’s Oil Sales
Iraq’s Oil Ministry has denied that its deputy minister was involved in opaque sales of Iraqi oil mixed with Iranian crude for Iran’s benefit, as the U.S. alleg
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Iraq’s Oil Ministry has denied that its deputy minister was involved in opaque sales of Iraqi oil mixed with Iranian crude for Iran’s benefit, as the U.S. alleg
Oil prices head for a 7% weekly loss as traders struggle to price in conflicting signals from U.S.-Iran talks and ongoing Middle East attacks. Friday, May 08, 2
The collective monthly value of asset deals within the upstream oil and gas sector collapsed to $5.55 billion in March, down from $32 billion in February, even
Iran has seized a tanker that appears to have been carrying its own oil, highlighting just how tangled its export system has become under sanctions and blockade
U.S. forces struck two empty Iranian-flagged oil tankers in the Gulf of Oman on Friday, escalating pressure on Tehran’s shipping network even as Washington says
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bring
Cenovus Energy (TSX, NYSE: CVE) just posted one of its strongest quarters on record. Its CEO used the earnings call to deliver one of the starkest warnings the

Citi explains why oil prices haven’t gone even higher
The gold miner warned rising fuel and freight prices tied to the Iran conflict are increasing mining costs across its operations.
Chief executive Jon McKenzie said the national conversation around oil sands development has become “myopically focused on the climate agenda."
The U.S.-Iran war has created a military crisis in the Gulf. But for oil markets, the more dangerous battlefield may now be the futures curve. The first shock w
International companies are flocking back to Venezuela, with deals worth billions getting closed under U.S. management of the country’s oil resources. Venezuela
Asia is trying to save itself any way it can. With Gulf barrels harder to get, buyers are pulling crude from wherever it is still available – even from as far a
Oil prices surged in early Asian trade on Friday after Iran and the U.S. exchanged fire in the Strait of Hormuz, threatening to break the very fragile ceasefire
The Commodity Futures Trading Commission has launched an investigation into short oil bets worth a total $7 billion, made in March and April right before statem
Canada has a “golden opportunity” to become a major global oil player as the war in the Middle East limits sources of crude and natural gas, the head of the Int
An oil tanker that had passed through the Strait of Hormuz in mid-April arrived on Friday at a port in South Korea, shipping the first crude cargo to the countr
Crude oil prices experienced one of the most volatile trading weeks of 2026 during the period of May 3 through May 7, as traders reacted to the ongoing U.S.-Ira
Inflation in India, the world’s third-biggest crude oil importer, accelerated in April as the higher global oil and gas prices started to feed through consumer
BTC fell under $80,000 after U.S. strikes in Iran sent oil briefly above $100, triggering liquidations and a shift toward bearish positioning.