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ExxonMobil temporarily shut its 275,000 barrel-per-day Joliet refinery in Illinois following a power outage. Power was restored within hours, but the incident highlights elevated operational strain a…
Etihad Airways reported passenger capacity up 15% to 17% year-over-year with a 92% August load factor. CEO Antonoaldo Neves highlighted strong winter travel demand, signaling a solid rebound from ear…
The IEA slashed its 2026 global oil demand outlook by 2.5 million bpd while warning supply will plunge by 5.7 million bpd amid US-Iran tensions. With over 10 million bpd in Gulf output shut in, crude…
Oil prices surged, with Brent crossing $102 per barrel amid escalating Middle East tensions. The rally stoked inflation concerns, pushing U.K. 10-year gilt yields to multi-year highs as investors pri…
Brent crude topped $101 and WTI hovered near $96 as the U.S.-Iran conflict escalated with tit-for-tat tanker and naval attacks in the Persian Gulf. Analysts warn of prolonged disruptions to Strait of…
Julius Baer warns that oil's geopolitical risk premium is excessively bloated despite crude surging past $95. With tanker traffic continuing through the Strait of Hormuz and ample global storage in E…
Baker Hughes reported the total U.S. rig count held steady at 588, with oil rigs rising by two to 449 while gas rigs fell by two. Permian Basin rigs added one to 268. Meanwhile, WTI crude closed shar…
U.S. diesel prices reached a record $5.85 per gallon as domestic refineries run near full capacity at 98%. With little room to boost output and wide crack spreads driving crude processing, tight refi…
Crude oil prices surged near $90 for WTI and $94 for Brent amid Middle East tensions and refinery disruptions. ExxonMobil stands to benefit strongly across its integrated portfolio, driven by robust …
Oil prices slipped as President Trump signaled US military actions against Iran would not be prolonged and crude shipments through the Strait of Hormuz showed signs of resumption, easing immediate su…
Allianz Research notes that elevated energy prices, spurred by Middle East tensions and Russian refinery disruptions, drove recent bond yield surges. While markets show debt sustainability concerns, …
Oil prices gained as escalating military strikes between the U.S. and Iran in the Strait of Hormuz heighten fears of prolonged Middle East supply disruptions, with analysts warning conflict could las…
Social Security COLA projections for 2027 are likely to rise again following a recent rebound in oil prices, which influences the inflation metrics used for the calculation.
Crude oil prices settled mixed on Friday, with WTI posting modest losses. Bearish pressure comes from a rallying dollar, increased Persian Gulf exports, and potential Venezuela OPEC exit. However, si…
Oil futures rose, snapping a three-session losing streak, as market focus shifted to escalating Russia-Ukraine tensions, overshadowing Middle East developments. WTI settled up 1.6% at $83.53 a barrel.
WTI crude oil prices edged higher as hopes for a reopening of the Strait of Hormuz faded. The US administration rejected returning to a deal with Iran, reducing the likelihood of increased oil supply…
US Treasury Secretary Scott Bessent announced fresh sanctions on 60 entities aiding Iran's logistics and financial transactions. Bessent avoided intervening to cap long-term Treasury yields, choosing…
U.S. Treasury Secretary Scott Bessent announced 'Operation Economic Outcast', threatening to cut off entities facilitating Iranian money laundering from the dollar system. Crude oil retreated around …
TotalEnergies CEO Patrick Pouyanne revealed Strait of Hormuz supertanker transit costs are only $10 per barrel, easing worst-case supply panic. Iraqi crude discounts offset freight premiums, demonstr…
Brent crude oil prices hit a fresh seven-year high, reaching 94.24 USD/Bbl, reflecting a strong bullish trend with a significant 38.92% gain over the past year.