Electric vehicle sales could hit nearly 30% of all car sales in the world this year as drivers accelerate a shift to EVs and hybrids amid spiking fuel prices in the wake of the Iran war, the International Energy Agency (IEA) said on Wednesday. Following strong growth in 20
U.S. oil futures slide after reports of a potential U.S.-Iran agreement, lifting equities and travel stocks. U.S. crude oil prices fell below $100 a barrel in Wednesday trading following reports of a potential U.S.-Iran nuclear deal. The drop accelerated after Arab media s
U.S. crude oil prices fell sharply in Wednesday's trading to around $100 a barrel amid an Arab media report that the U.S. and Iran are close to a deal. The S&P 500 rallied on the news, with travel stocks notably higher Pakistani army leader Asim Munir is expected to
EIA data shows commercial crude inventories fell to 445.0 million barrels, 2% below the five-year average for mid-May. US commercial crude oil inventories declined by 7.9 million barrels for the week ended May 15, pushing stockpiles to 445.0 million barrels. The drawdown l
Crude oil stocks fell by 7.863M The weekly EIA oil inventory data showed a large drawdown of crude oil stocks. The drawdown was significantly larger than the estimated decrease of 2.942M. Distillates saw a modest build of 0.372M, contrary to the expected drawdown
Three commercial supertankers carrying a combined 6 million barrels of Middle East crude oil have successfully exited the Strait of Hormuz, Reuters reports. The vessels departed the strategic waterway on Wednesday, after being stranded inside the Persian Gulf for over two
Quick Read - PDBC’s payout comes from futures contract gains and Treasury bill interest, not company dividends, making the yield unpredictable. - Focus on total return: PDBC delivered 42% over 12 months and 87% over five years; the dividend is secondary. - The analyst who called...</stron
West Texas Intermediate crude remains elevated near $102.00 amid ongoing geopolitical risks despite easing from recent highs. West Texas Intermediate crude oil prices maintain gains above $102.00 as US-Iran ceasefire negotiations show signs of strain. The benchmark remains
It's time to revisit what the oil futures market is pricing in. The data make for fascinating reading and, arguably, positive news for investors in energy stocks such as Chevron (NYSE: CVX) and U.S.-focused energy infrastructure ETFs like the Global X MLP & Energy Infrastr
Golar LNG press release (GLNG): Q1 net income attributable to Golar of $84 million inclusive of $37 million of non-cash items1, Adjusted EBITDA of $106 million and Total Golar Cash of $1.0 billion. - Revenue of $137.55M (+120.1% Y/Y) beats by $9.59M. - Adjusted
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