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21,066 signal articles · 543 in last 24h · 103,602 total before filter · latest 11m ago
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Oil industry sees war windfall but girds for political blowback
AFP5d agobearish
Oil industry sees war windfall but girds for political blowback

US oil giants are set to report blowout profits Friday at a time when lofty gasoline prices are stressing consumers and exacerbating President Donald Trump's worries about upcoming midterm elections.Lowering gasoline prices before November is high on Trump's priority list, prompting numerous White House meetings, according to US media reports. 

Exxon Mobil shares fall as oil prices tumble on easing Middle East tensions
InvestorsHub9d agobearish
Exxon Mobil shares fall as oil prices tumble on easing Middle East tensions

Exxon Mobil (NYSE:XOM) shares dropped nearly 3% in pre-market trading after Brent crude fell more than 8% to around $90 per barrel, following reports that the United States and Iran had paused military operations over the weekend. The decline in oil prices came after reports indicated that President Donald Trump was open to renewed diplomatic negotiations, while Iran suspended retaliatory actions and continued discussions with Oman over the possible reopening of the Strait of Hormuz.

U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling
24/7 Wall St.33d agobearish
U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling

Crude oil has fallen sharply from its spring highs, yet many drivers are still paying far more at the pump than they were expecting. In a recent CNBC segment, Helima Croft, Head of Global Commodity Strategy at RBC Capital Markets, argued that tight gasoline supplies, U.S. refiners already running “incredibly hard,” and a potentially pivotal ... U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling

2.2% Yield On IYE Masks The 131% Five Year Gain Most Energy Investors Miss
24/7 Wall St.35d agobearish
2.2% Yield On IYE Masks The 131% Five Year Gain Most Energy Investors Miss

The iShares U.S. Energy ETF (NYSEARCA:IYE) has had a great year for capital gains, but holders who bought it for income want to know whether the distribution can hold up if oil rolls over. IYE has climbed 28% over the past year and trades near $57, paying a variable quarterly distribution that landed at $0.3003 ... 2.2% Yield On IYE Masks The 131% Five Year Gain Most Energy Investors Miss