Should see lower oil prices once the strait opens. Stocks are celebrating the gains in productivity Consumers will feel falling oil prices "right away" The price of gas has to come down The AAA price of gas is currently at $4.49 down modestly from most recent highs
Meren Energy Inc (TSX:MER, STO:MER, OTCQX:MRNFF) is streamlining its Namibia exposure as investee company Impact Oil & Gas Limited carves out its South African assets, leaving both companies better positioned for a final investment decision on the Venus light oil discovery...
COP shares rose as higher oil prices and Middle East supply concerns boosted investor sentiment toward US energy producers. ConocoPhillips (COP) closed at $120.46 on May 22, 2026, reflecting a 41.4% gain over the past 52 weeks despite a slight one-month dip. The company’s
Rabobank’s Michael Every argues that the Strait of Hormuz is unlikely to return to normal operations for up to three months, keeping a significant share of global Oil and gas flows constrained. The report highlights risks of further war, demining delays and potential NATO
Invesco’s $6.1 billion commodity ETF simplifies taxes but incurs long-term futures roll expenses, cutting returns by a few percentage points per cycle. The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) offers broad commodity exposure without
Brent prices fall over 5% as investors bet on a potential Iran conflict resolution, easing stagflation concerns and boosting markets. Brent crude oil prices slid below $100 per barrel, trading at $97.87 after closing last week at $103.54, a decline of over 5%. The drop fol
Oil prices rebound as traders monitor progress toward a US-Iran framework agreement and potential Strait of Hormuz reopening. WTI crude trimmed losses to trade near $93 after hitting an overnight low of $89.40. The recovery follows optimism over US-Iran negotiations, which
Oil prices recover from a two-week low as geopolitical risks in the Middle East drive supply fears. West Texas Intermediate crude oil prices climbed toward $92.00 on Tuesday, recovering from a two-week low near $88.70. The rebound follows heightened geopolitical risks, inc
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – regains some positive traction on Tuesday and recovers a part of the previous day's heavy losses to the $88.75-$88.70 region, or over a two-week low. The commodity climbs back closer to the $92.00 mark duri
Santos prioritizes growth in crude oil and natural gas production Santos plans to prioritize growth in the production of crude oil and natural gas. The company will focus on investment in major oil and LNG production across three regions. The output expansi
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