By Julianne Geiger – Aug 06, 2026, 11:30 AM CDT Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the September official selling price for Arab Light by 50
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal Read More »
By Gail Tverberg – Aug 06, 2026, 11:00 AM CDT Oil’s muted response to the Hormuz disruption reflects weak purchasing power and fragile demand. Slowing energy consumption has historically coincided with financial crises, conflict, and political instability. Falling asset prices, layoffs, defaults, and government failures could precede a painful economic restructuring. With the recent closure
Weak Energy Demand May Signal a Much Bigger Economic Problem Read More »
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Michael Burry sends loud signal to stock market investors Read More »
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Scott Bessent sends strong message on oil price and Iran Read More »
A stock broker walks past a digital board showing share prices at the Pakistan Stock Exchange (PSX) in Karachi on March 10, 2026. — AFP Market is taking a sigh of relief, says analyst. Earnings season also boosting market: analyst. PSX closed at 177,083.22 points on previous day. The Pakistan Stock Exchange (PSX) rebounded sharply on
PSX surges on renewed US-Iran peace hopes, decline in global oil prices Read More »
Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes of a deal with Iran to reopen the key Strait of Hormuz waterway. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced that talks had progressed, potentially allowing shipments to resume as soon as this week.
Oil prices fall on hopes Strait of Hormuz could reopen Read More »
The U.S. stock market is rallying toward a record on Tuesday (August 4, 2026) as companies keep piling up profits and oil prices ease. The S&P 500 climbed 1.7% and is on track to top its all-time high set a couple months ago. The Dow Jones Industrial Average added 966 points, or 1.8%, to its
U.S. stocks leap toward record as profits keep piling up, oil prices ease Read More »
The S&P 500 and Dow Jones Industrial Average hit record closing highs on Tuesday as strong results from AI-linked companies, including Palantir, and Caterpillar eased concerns about demand. Oil prices and Treasury yields also fell amid growing hopes for a deal to end the Iran war, Reuters reported. Palantir Technologies surged nearly 30%, its biggest
US stocks: Dow, S&P 500 close at record highs as AI earnings impress, oil prices tumble Read More »
By Julianne Geiger – Aug 04, 2026, 1:19 PM CDT Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one. West Texas Intermediate was trading at $75.64 per barrel shortly before 2 p.m. ET, down $4.70, or 5.85%, while Brent had fallen $4.61 to $79.16. Both
Oil Markets Price In an Iran Deal That Does Not Exist Yet Read More »
By Julianne Geiger – Aug 04, 2026, 11:30 AM CDT India’s Oil and Natural Gas Corporation more than doubled its quarterly profit as higher crude and natural gas prices—and a weaker rupee—more than made up for another drop in production. ONGC reported net income of 170.34 billion rupees, or about $1.8 billion, for the quarter
ONGC Profit More Than Doubles as Oil Prices Surge Read More »
