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Ship captains and crews crossing Hormuz earn so much they’re ‘almost being viewed as mercenaries’
The high-risk, high-reward business of moving oil through the Strait of Hormuz has gotten riskier and more rewarding.
Despite steady attacks from Iran, oil tankers and other commercial vessels have continued flowing through the narrow waterway.……
Shipping companies offering captains $US100k a month to transit Strait of Hormuz
Oil tanker captains in the Persian Gulf are being paid up to $US100,000 (about $143,000) a month to navigate the Strait of Hormuz, industry insiders and maritime unions say, as Iran and the United States continue to impose separate blockades of the cri…
Bank earnings, ASML and TSMC
Monday – Friday, 6:00 – 7:00 PM ET
CNBC’s Jim Cramer said next week’s earnings reports will give investors a clearer picture of corporate performance and the strength of the AI trade.…
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Why Record Crude Output Can’t Solve America’s Diesel Crisis
Why Record Crude Output Can’t Solve America’s Diesel Crisis | OilPrice.com
Robert Rapier
Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil an…
Trump strikes major diesel deal with Russia in bid to lower US fuel prices ahead of midterms
US President Donald Trump announced a major energy supply agreement with Russia on Friday that could see Moscow supply nearly 5 million tons of diesel fuel to global energy markets. The deal was unveiled after a phone call with Russian President Vladi…
Dow Jones Futures: S&P 500, Nasdaq Near Highs; ASML, Nvidia’s Chipmaker Taiwan Semi To Kick Off AI Earnings
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally saw solid weekly gains on the major indexes, but small caps struggled.…
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UN report projects India’s GDP growth at 7.3 for FY27 over robust domestic demand, public infrastructure
New Delhi, Oct 9 India continues to be the fastest-growing major economy, with its GDP projected to expand by 7.3 per cent in 2026 (FY27) and 6.8 per cent in 2027 (FY28) due to robust domestic demand, increasing manufacturing capacity, and public infr…
Russian AI Giant Yandex Hit By Second Drone Strike In Two Days As Data Centres Become Big Targets In War
Russian technology and AI company Yandex said that several modules at its data centre in the Kaluga region, southwest of Moscow, were completely disabled by a drone attack. It is the company’s second data centre strike in two days, according to …
Cuba’s Fuel Crisis Turns the Island Into a Solar Test Case
Cuba’s Fuel Crisis Turns the Island Into a Solar Test Case | OilPrice.com
Irina Slav
What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities…
Rising oil prices, falling technology stocks and reversing bond yields keep Wall Street unsettled
Some sharp reversals kept financial markets unsteady on Thursday, as oil prices rose and U.S. stock indexes finished mixed.
The Standard & Poor’s 500 index fell 0.5% for a second straight loss after setting its all-time high.…
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