Mexico is cutting financial support to Pemex by 70% to $4.8 billion, projecting higher oil prices will generate a rare cash surplus. Despite trimming debt, Pemex continues to face operational challen…
U.S. households face over $100 billion in extra fuel costs as gas prices hit record Labor Day highs. With crude approaching $100 a barrel, Goldman Sachs lifted Brent forecasts and warned prices could…
Global sovereign bond yields surged to multi-year highs as Japan's JGBs and US 10-year yields spiked. Rising yields alongside escalating Middle East tensions pushed S&P 500 futures lower, while crude…
WTI crude oil rose over 2% to a one-week high following renewed US-Iran military strikes threatening Strait of Hormuz shipping. Escalating Ukrainian attacks on Russian oil infrastructure and an IEA r…
Goldman Sachs doubled its profit forecast for global refiners, citing a severe diesel shortage driven by refinery outages in Russia and the Middle East. Record-high refining margins are expected to p…
The ongoing Iran conflict threatens shipping through the Strait of Hormuz, keeping crude oil prices elevated. While this pressures airlines, premium carriers like Delta and United are successfully of…
Geopolitical tensions are driving oil prices higher, benefiting energy stocks, particularly Permian Basin producers. Both WTI and Brent crude are expected to remain elevated through the year. ExxonMo…
Oil futures rose, recovering from recent losses, driven by U.S. sanctions on Iran and Strait of Hormuz negotiations. Analysts remain skeptical about the sanctions' effectiveness due to enforcement ch…
CNOOC reported a significant 23.4% increase in H1 2026 net profit to 85.8bn yuan, driven by higher realized oil prices and increased production. Revenue rose 20% to 206.1bn yuan. The company plans to…
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.
Brent crude trades near $94, eyeing a weekly gain, supported by geopolitical tensions. Stricter US sanctions on Iran expected Monday and ongoing disruptions in Russia's energy sector are fueling supp…
Crude oil prices hold near $87, heading for weekly gains, supported by geopolitical tensions. Stricter US sanctions on Iran expected next week and ongoing disruptions in Russia's energy sector are ti…
Wall Street futures rose pre-bell Friday as stabilizing bond yields and crude prices eased rate hike fears. Positive earnings from Ross Stores and a strong semiconductor sector boosted sentiment, wit…
Brent crude surged above $93, heading for a second weekly gain. Rising US-Iran tensions over the Strait of Hormuz and Ukrainian strikes on Russian energy infrastructure tightening supply are fueling …
WTI crude oil rallied nearly 6% this week, trading above $86, driven by escalating geopolitical tensions. The US is set to impose stricter sanctions on Iran, threatening supply from the Strait of Hor…
Chevron is rallying as Brent crude prices surge past $93 per barrel due to geopolitical supply fears in the Middle East. While the company boasts record earnings and production, the stock is now trad…
Exxon Mobil (XOM) shares jumped 1.9% as higher oil prices, fueled by Strait of Hormuz supply concerns, boost its upstream cash machine. Despite strong earnings and cash flow, XOM is trading at a sign…
US equities fell as Treasury yields rose, despite the Treasury's increased buyback plan. Crude oil prices rallied on geopolitical tensions with Iran, while Moderna plunged after a prior massive rally…