Tag: @LCO26Z
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Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz
Soaring freight rates are giving tankers a big financial incentive to run the gauntlet through the Strait of Hormuz.
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Russian strikes plunge Ukrainian city into blackout as Zelenskyy warns of more missile attacks
Russian strikes caused major power outages in Dnipro as a reported Ukrainian drone attack sparked a fire at a Russian oil refinery.
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Chevron beats earnings expectations as refining profits soar on high diesel fuel prices
Diesel prices have surged globally as Ukraine and Iran have bombed refineries in Russia and the Middle East.
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BP’s third-quarter profit nearly quadruples to $8.5 billion as refining margins surge
The oil major was the latest to smash profit expectations as global conflicts continue to drive energy market volatility.
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Cruise companies aim to keep fuel costs down. Their strategies for doing so differ
Carnival is cutting fuel use, while Royal Caribbean and Norwegian rely on “hedging” to keep fuel costs down amid conflict in the Middle East.
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Oil prices fall as renewed U.S.-Iran peace efforts ease supply fears
Oil prices declined Thursday as prospects of renewed peace negotiations eased fears of supply disruptions stemming from escalating tensions in the Middle East.
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Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu Shell’s adjusted earnings nearly doubled year on year to $10.81 billion, beating analyst expectations and marking its strongest profit since
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Oil falls as renewed diplomatic efforts to end Mideast conflict ease supply concerns
Renewed diplomatic efforts to end the U.S.-Israeli war with Iran pushed oil prices lower
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Oil slides over 2% as traders weigh Saudi attack risks, demand destruction
Oil prices fell as investors weighed the threat of further attacks on Saudi Arabian energy infrastructure against concerns that elevated prices could erode demand.
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Why investors are moving back into Treasurys
U.S. Treasurys are returning to favor as a safe haven play that sidesteps investors’ worries over a shaky economy and the future of the data center build-out.
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