July 30, 2026 12:22 pm, EDT Shell company logo on top of a fuel storage tank at the site of the former Coryton fuel refinery in Coryton, UK (Chris Ratcliffe/Bloomberg) key takeaways: Shell reported second-quarter adjusted net income of $9.8 billion, more than double a year earlier, as the Middle East conflict boosted trading and
July 30, 2026 8:12 am, EDT | Update: July 30, 2026 10:13 am, EDT Damaged structures at the site of an airstrike on a Popular Mobilization Forces base in Mosul, Iraq, on July 29. (Farid Abdulwahed/AP) key takeaways: Crude oil prices remained volatile after the US said early on July 30 that it had launched
July 27, 2026 12:49 pm, EDT An oil rig in the Gulf of Mexico. (Dario Lopez-Mills/AP) key takeaways: 1947 Oil & Gas plans to raise £50m in a London AIM listing next month to fund its growth strategy. The company is acquiring Renaissance Offshore, whose Gulf of Mexico assets produce about 3,350 barrels of oil
July 27, 2026 8:20 am, EDT A line of cars at the Gulf Oil Station on the Massachusetts Turnpike near Boston on July 19. (Gene J. Puskar/AP/File) key takeaways: Oil prices fell as the US and Iran avoided fighting while discussing a possible resumption of talks on an interim ceasefire agreement. The Fed is meeting
July 23, 2026 8:37 am, EDT | Update: July 23, 2026 10:49 am, EDT (Brandon Bell/Getty Images/Bloomberg) key takeaways: The escalating war with Iran has pushed Brent crude sharply higher. Rising oil prices are weighing on stocks as they make consumers more cautious about spending while most businesses’ costs increase and their profits decrease. Airlines
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July 22, 2026 1:36 pm, EDT A driver prepares to refuel at a gas station in Palo Alto, California. (David Paul Morris/Bloomberg) key takeaways: The Big Five are expected to report their third-highest quarterly profits after the Iran war boosted crude oil prices and fuel markets. Analysts expect companies to earn $45.8 billion as refining
July 22, 2026 10:21 am, EDT The Gas King made a U-turn to head north into the Red Sea toward the Suez Canal. Bab el-Mandeb is in the south. (Bloomberg) key takeaways: Houthi threats against Saudi-linked shipping in the Bab al-Mandeb strait have prompted tankers and other ships to divert, stop or reroute through the
July 22, 2026 8:25 am, EDT | Update: July 22, 2026 10:13 am, EDT (David Paul Morris/Bloomberg News) key takeaways: Oil prices have increased further following the ongoing attacks between the United States and Iran. Rising oil prices were again driving inflation, just as price rises were slowing more than economists expected. Stocks of computer
July 21, 2026 8:02 am, EDT | Update: July 21, 2026 10:48 am, EDT People stand on a bridge destroyed after an attack in Hormozgan province in southern Iran on July 18. (Amirhossein Khorgoui/Iranian Student News Agency via AP) key takeaways: Oil prices climbed as the US announced another round of strikes targeting Iran for