Chevron’s CEO Just Warned of Physical Oil Shortages. This  Offshore Driller Is Up 171% and Still Trades Below Book Value

Chevron’s CEO Just Warned of Physical Oil Shortages. This $6 Offshore Driller Is Up 171% and Still Trades Below Book Value

Chevron CEO Mike Wirth turned heads on the Milken Institute on May 4, telling the room that “we will start to see physical shortages” as industrial inventories, shadow-fleet tankers, and strategic reserves get drained on the identical time. With greater than 13 million barrels every day of Middle Eastern crude output knocked offline by the…

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Crude Oil Prices Above 0

Crude Oil Prices Above $100

The Fundstrat co-founder stated macro inflation fears are overshadowing Ethereum’s longer-term tokenization narrative. Fundstrat co-founder Tom Lee stated rising oil costs have change into Ethereum’s “biggest headwind” within the close to time period as WTI crude emerged above $106 per barrel. The feedback got here amid escalating geopolitical tensions and provide issues over the Strait…

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Oil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War

Oil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War

Oil costs jumped on Friday and shares tumbled as the markets contended with persistent provide disruptions within the Middle East and the absence of significant breakthroughs on the summit in Beijing between President Trump and China’s chief, Xi Jinping. The leaders of the world’s two greatest economies emphasised stability on Friday as their high-stakes talks…

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