Oil industry cautions Trump about a sudden increase in gas prices: Report
Oil Executives Warn of Rising Energy Prices Executives in the oil industry have cautioned the Trump administration that energy prices may surge even more, particularly as reserves approach critical low levels. Gas prices have already seen a notable rise, prompted by the blockade of the Strait of Hormuz by both the U.S. and Iran, a […]
Oil prices rise as the US and Iran trade strikes; Exxon executive cautions that stock levels might fall to unprecedented lows
Oil Prices Surge Amid Rising Tensions in the Middle East Oil prices jumped significantly on Monday following Iran’s threats to close the Strait of Hormuz, which has heightened concerns in the region. West Texas Intermediate crude rose by 7% to approximately $94 a barrel, while Brent crude increased by 6% to around $97 a barrel. […]
S&P 500 dips as oil rises, overshadowing Nvidia’s win: Live updates
Market Update: Stock Prices and Oil Fluctuations On May 28, 2026, traders were seen actively working at the New York Stock Exchange. It was a day of mixed signals in the market. Though oil prices experienced an uptick, the broader market index actually dipped by 0.2%. The Nasdaq Composite saw a slight decline of 0.1%, […]
The 2026 motor oil shortage is another baseless panic created by the media, and drivers are suffering because of it.
Motor Oil Shortage in the U.S. There’s a shortage of engine oil in America. This situation, fueled by media coverage, has stirred up consumer anxiety. Panic buying has emptied shelves, and prices have quietly crept up, with many blaming the “supply chain.” Older vehicles were generally more forgiving. They often could work well with various […]
U.S. Adds More Restrictions on Iran’s Military Oil Exports
U.S. Implements New Sanctions on Iranian Oil Sales The U.S. Treasury announced fresh sanctions targeting Iranian oil sales on Thursday, aiming to obstruct funding for Iran’s military operations. Treasury Secretary Scott Bessent described these sanctions as part of Operation Economic Fury, which is the financial side of a broader military effort against Iran. Bessent stated, […]
Gas prices fall as oil heads for a 20% drop — biggest monthly decline since 2020
Expected Drop in Oil Prices Oil prices are anticipated to decline by around 20% this May, marking the steepest monthly fall since 2020. This shift comes as gasoline prices begin to decrease and investors express optimism about a potential resolution to the ongoing conflict in Iran. According to AAA, the national average for gasoline has […]
Bitcoin and ether remain stable despite record stock levels, declining oil prices, and reduced war concerns.
Market Movements and Bitcoin’s Stance Recent trends in the market include record-high stock indices and low oil prices, which, surprisingly, haven’t given Bitcoin much of a boost. Despite seeing a tentative ceasefire between the US and Iran, Bitcoin remains relatively stable around the $73,000 mark. It actually experienced a drop of nearly 6% over the […]
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 […]