Major Oil Company Investors Leave Blue State’s ‘Woke Cartel’ for Texas
ExxonMobil Shareholders Vote for Texas Reincorporation On Wednesday, shareholders of ExxonMobil decided against the advice of two global advisory firms, opting to reincorporate in Texas instead of New Jersey. A summary of the preliminary results for ExxonMobil’s 2026 proxy vote indicated that about 71 percent of votes cast during the annual meeting supported the decision. […]
Oil drops to $89 a barrel after Iran states that a peace agreement would allow the reopening of the Strait of Hormuz in one month.
Oil prices dropped to $89 per barrel on Wednesday, influenced by news that a potential peace agreement between Iran and the US could reopen the Strait of Hormuz in about a month. This marks a significant decrease from just a week ago when crude oil futures were over $107 per barrel. Prices fell another 5.6% […]
Price of a basic oil change may increase by 40% because of the conflict in Iran, according to a report
Synthetic Engine Oil Supplies Dwindling Amid Iran Conflict Automakers are finding themselves in a tough spot as the ongoing conflict in Iran disrupts crucial supplies of synthetic engine oil. This situation could potentially lead to an increase in the cost of oil changes by nearly 40%. With prices climbing, dealers and distributors are rushing to […]
Oil prices rise by 3%, stocks move up as Iran promises to respond to US strikes deemed as ‘self-defense’
Oil prices climbed around 3% on Tuesday morning after Iran declared plans for retaliation, following a “self-defense strike” by U.S. forces in the Strait of Hormuz. In a bit of a clash, U.S. stocks also saw an uptick as investors held onto hopes for a peace agreement. Brent crude oil surged by 3.9%, reaching $97.07 […]
Oil prices fall 5% after Trump indicates Iran discussions are heading in a positive direction.
Oil prices dipped on Monday following President Trump’s announcement that discussions with Iran regarding the reopening of the Strait of Hormuz were making headway. However, traders remain cautious about potential disruptions as constraints on global energy supplies continue. Brent crude oil, a key global benchmark, and West Texas Intermediate (WTI) crude were both down about […]
Understanding the Iran conflict and its implications for oil and the stock market
Market Perspective Amid Ongoing Iran Conflict While a resolution to the Iran war seems distant, it may not be wise for investors to hold off on making moves. What if negotiations don’t lead anywhere? Could inflation surge? Should you just hang back until this all blows over? These are valid concerns circulating as this conflict […]
What comes next as bitcoin and Asian stocks react positively to the drop in oil prices?
Bitcoin’s Slight Uptick Amid Market Changes Bitcoin experienced a modest increase on Monday, benefiting from a significant drop in oil prices, which in turn boosted Asian stock markets. By 6:35 UTC, the leading cryptocurrency was trading close to $77,200, marking a 0.4% rise since midnight UTC, as per CoinDesk data. At this point, Bitcoin was […]
Stocks surge significantly, while oil and the dollar decline amid optimism for peace in the Middle East.
SINGAPORE, May 25 Stock markets saw gains on Monday, while the U.S. dollar and oil prices dipped. This shift was largely attributed to the possibility of a deal to bring an end to the ongoing conflict in Iran, even though there remains uncertainty regarding the reopening of the Strait of Hormuz. The ongoing conflict in […]
Xavier Becerra speaks strongly against Big Oil while accepting substantial funds from Chevron
As the California gubernatorial race winds down, Xavier Becerra is asserting that he is the sole candidate capable of challenging big oil, despite accepting contributions from the industry. “Tom Steyer made billions from oil and coal,” Becerra posted on X recently, targeting his billionaire opponent. “I’ve built my career taking them to court and winning.” […]
Man accused of drug smuggling taken into custody after cocaine discovered on oil tanker in LA
Drug Smuggler Arrested Off California Coast This week, federal agents apprehended a suspected drug smuggler off the coast of California after seizing cocaine worth $6.4 million on an oil tanker intended for a Mexican cartel. Cesar Tubay Guerrasio Jr., a 43-year-old from the Philippines, faces charges related to the importation of a controlled substance, according […]