Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply
Chevron reported its largest quarterly net profit ever—$12.1 billion—on Friday as the Big Oil giants demonstrate how they’re reaping the ...
Tag: Strait of Hormuz
New Dow CEO drives ‘transformation’ back to profitability amid oil market upheaval
More than 30 years after joining Dow Inc. as an intern, Karen Carter became the CEO this year, taking the ...
Shipping Risks Rise Across Crucial Middle East Oil Routes
Ships transporting energy products out of the Middle East face a heightened risk of attack in two critical waterways, further ...
Tankers Sail Through Red Sea Despite Houthi Blockade
Days after the Iranian-backed Houthi militia announced the blockade of a vital shipping passage through the Red Sea, dozens of ...
Houthis Threaten Red Sea Blockade, Putting Oil Market at Greater Risk
Threats from the Iran-backed Houthi militant group this week to block Saudi Arabia’s use of the Red Sea risk cutting ...
U.S. Average Gas Price Returns to $4 a Gallon as Iran Crisis Escalates
After a brief respite, the price of gas is back on the rise.On Monday, the average price at the pump ...
Diesel Prices Hit $5 a Gallon Again, Up 33% Since Start of Iran War
The average price of diesel in the United States rose above $5 a gallon on Thursday, up 33 percent since ...
Oil Rises After Weekend of Back-and-Forth Strikes by U.S. and Iran
The continued cycle of attacks between Iran and the United States in the Persian Gulf posed fresh risks to ships ...
Renewed Fighting With Iran Shows Cracks in Peace-Trade Rally
Andrew here. Looking at the volatility in the oil market, I’m left wondering why the smart money failed to hedge ...
Oil Prices Hold Gains After U.S. and Iran Trade Another Round of Strikes
Oil prices remained elevated on Thursday, as U.S. and Iranian military forces traded a second round of strikes around the ...
New Strikes on Ships in Strait of Hormuz Test U.S.-Iran Cease-Fire
Strikes on commercial ships in the Strait of Hormuz presented another test of the fragile cease-fire between the United States ...
Why One Global Shipping Choke Point Isn’t a Blueprint for Another
As Iran and Oman explore ways to charge ships transiting the Strait of Hormuz, attention has turned to another maritime ...
In Strait of Hormuz, Renewed Strikes Threaten to Set Back Shipping Recovery
A renewal of strikes by the forces of Iran and the United States threatened the nascent recovery of shipping in ...
While the World Scrambles for Oil, China Sits on Full Tanks
While the United States and Iran haggle over reopening the Strait of Hormuz and restoring oil exports from the Persian ...
Stranded Ships Hoping for Escape Find a Turbulent Strait of Hormuz
Oil prices, after falling sharply this week, rose.On Friday, at least five tankers moved through the strait, and on Thursday, ...
How Deal With U.S. Could Reconnect Iran to the Global Economy
Despite the wreckage left by Iran’s 16-week war with the United States and Israel, the country’s potential outlook over the ...
Average U.S. Gasoline Price Falls Below $4 for First Time in Months
The average price of U.S. gasoline fell below $4 a gallon on Thursday for the first time in months, after ...
Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain
A potential U.S.-Iran agreement to reopen the Strait of Hormuz would offer near-term relief for Asia, the region outside of ...
Despite US Help, Little Oil Has Gone Through Strait of Hormuz
Even as the United States tries to negotiate an end to the war with Iran and open the Strait of ...
The Iran War is Forcing Energy-Importing Countries to Turn Inward
The monthslong closure of the Strait of Hormuz is reinforcing an expensive geopolitical lesson about how risky it can be ...
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