West Texas Intermediate (WTI) US Oil is falling sharply on Tuesday, trading around $75.70 per barrel at the time of writing, down 3.91% on the day and at its lowest level in a week. Oil prices remain under pressure after a series of statements raised hopes of a de-escalati
Hotchkis & Wiley, an investment management company, released its second-quarter 2026 investor letter for the "Hotchkis & Wiley Mid-Cap Value Fund." A copy of the letter can be downloaded here. Equity markets posted strong returns in the second quarter of 2026, with the Rus
Brent crude fell back to around $80 per barrel after renewed optimism over a potential US-Iran draft agreement eased geopolitical fears, even as President Trump criticized US refiners for high fuel profits. Trump Takes Aim at Big Oil’s War Profits - Runaway Q2 earnings of
WASHINGTON, Aug 4 The U.S. trade deficit narrowed in June, but the trend is unlikely to be sustained amid an artificial intelligence buildout that is heavily reliant on imports. Both imports and exports declined in June, the report from the Commerce Department showed on Tu
Indian state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has bought 2 million barrels of crude from Nigeria, trading sources told Reuters on Tuesday, as India looks to offset the loss of supply from the Middle East with deliveries from producers farther away.
There's been progress made in talks with Iran to reopen Strait of Hormuz There have been all kinds of reports pointing in this direction and obviously the market has been screaming the same thing. I shake my head at this whole fiasco and this is yet-another headline that's
Benchmark U.S. retail diesel prices climbed to $5.348/gallon as futures fell to a three-week low on Hormuz reopening hopes. U.S. retail diesel prices increased for the fourth straight week, rising 3.5 cents to $5.348 per gallon, despite a sharp decline in futures markets.
L&T Energy Hydrocarbon Offshore (LTEH Offshore), a division of India-based Larsen & Toubro (L&T), has secured a contract from ADNOC Offshore to develop multiple offshore facilities in the Middle East. The project will be carried out by a consortium, with LTEH Offshore acti
Pakistan's national Oil and Gas Development Company Limited (OGDC) has signed an agreement with a Canadian firm to deploy advanced technology to boost production from heavy crude oilfields, the largest Pakistani exploration and production firm has said. Under the agreement
Diamondback Energy’s $5.56 billion revenue and raised guidance signal sustained oil prices amid depleted global inventories. Diamondback Energy reported $5.56 billion in revenue and $2.33 billion in free cash flow, surpassing Wall Street estimates and prompting an upward r
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