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The clearest evidence is in storage data. The week ended July 10 saw 41 billion cubic feet added to domestic storage, extending a recent run of builds that have come in sharply higher than analysts expected. Storage injections of this size, arriving repeatedly, tell …
The starting point is inventory data. EIA figures showed gasoline stockpiles fell by 1.5 million barrels in the week ended July 10, leaving inventories roughly 14 million barrels below their five-year seasonal average — the lowest level for this time of year since 2012. …
The immediate catalysts mirror what's driving gasoline higher: the collapse of the US-Iran truce and renewed tanker attacks in the Strait of Hormuz have raised fears about fuel shipments from the Persian Gulf, a region that supplies a meaningful share of global refined product …
The latest leg higher followed Kuwait's disclosure that Iran had struck a power and water desalination plant on its territory, a strike against civilian infrastructure in a third country that signals the conflict's willingness to spread beyond direct US-Iran exchanges. That escalation arrived alongside …
The deal, which closed earlier this year, has not only doubled the company’s earnings before interest, taxes, depreciation, and amortization but also positioned it as a key player in a market where scale increasingly dictates survival. Competitors and sector funds have taken notice, with …
Cathie Wood’s ARK Invest has placed an $88.4 million bet on X-Energy, a small nuclear reactor developer whose shares have struggled since its April debut. The purchase of 6,389,045 shares signals growing institutional confidence in advanced nuclear fission technology, even as broader energy markets …
Questor Technology Inc. has entered a period of corporate uncertainty, establishing a special committee to guide its leadership transition and strategic review while confronting a significant legal challenge from its former CEO. The announcement arrives as shareholders closely monitor developments at the Calgary-based emissions-control …
CrossAmerica Partners has secured a longer-term credit facility, extending its maturity and adjusting leverage covenants to provide the fuel distributor with greater flexibility amid fluctuating wholesale margins. The amendment, effective July 15, eliminates the SOFR credit spread adjustment and sets the maximum consolidated leverage …
Infinity Natural Resources delivered a sharp earnings surprise and a $57.5 million derivative gain in its quarter, sending its hedging portfolio into positive territory as insiders stepped up stock purchases. The Appalachian Basin-focused energy producer reported earnings per share that outperformed consensus estimates, while …
The US military has escalated its enforcement of an Iranian energy blockade by striking an Iranian-linked oil tanker deep within the Persian Gulf, signaling a broader crackdown on oil and liquefied petroleum gas shipments. The move extends the geographic reach of US operations beyond …
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