Stocks
Trump Signals Higher Fuel Costs Amid Iran Standoff
President Trump urged Americans to accept higher fuel prices as a necessary cost to prevent Iran from obtaining a nuclear weapon, linking...
#energy markets 72 articles
World Business
OPEC+ Boosts Output, UAE Exit Threatens Cartel’s Future
A select group of OPEC+ nations will raise oil output from August, but the cartel faces an uncertain future following the UAE's...
Markets
Crude Inventories Spike 17.4 Million Barrels in US, Economists Surprised
U.S. crude oil inventories unexpectedly skyrocketed by 17.4 million barrels last week, according to the EIA, defying economist expectations for a decline....
Markets
Oil Prices Climb: Hormuz Strait Deal Doubts Persist
Oil prices rose as doubts grew over a U.S.-Iran deal for free transit through the Strait of Hormuz. Brent crude hit $84.51,...
Markets
Suncor Triples Profit to $3.7 Billion, Doubles Royalties to Governments
Suncor Energy reported a tripling of its spring quarter profits to $3.7 billion, driven by strong downstream performance, enabling increased shareholder rewards...
Markets
Oil Prices Plunge 5.8% on US-Iran Deal Hopes, Hormuz Reopening Prospects
Crude oil prices experienced a significant freefall, with WTI dropping 5.80% to $75.68 per barrel, driven by U.S. optimism regarding a deal...
Stocks
Exxon, Chevron Warn: High Fuel Prices to Linger, Supplies Tight
Exxon Mobil and Chevron warn that high fuel prices, with U.S. gasoline above $4/gal, will persist due to tight global supplies of...
World Business
US Waives Iran Oil Sanctions for 60-Day Peace Talks
The United States temporarily lifted sanctions on Iranian oil exports on Monday, a move linked to 60-day peace negotiations aimed at allowing...
Investing
US Dollar Ban Strands 60 Million Barrels of Iranian Crude
The US Treasury has revoked its waiver for Iranian oil sales, blocking transactions in US dollars after Gulf tanker strikes. This action...