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North American Midstream Operators Gain Importance Amid Middle East Conflict

North American Midstream Operators Gain Importance Amid Middle East Conflict

North American Midstream Operators Gain Importance Amid Middle East Conflict
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ExxonMobil and Other Dividend Energy Stocks Recommended Amid Market Volatility

ExxonMobil and Other Dividend Energy Stocks Recommended Amid Market Volatility

ExxonMobil and Other Dividend Energy Stocks Recommended Amid Market Volatility
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Enbridge Delays Second Phase of Mainline Oil Pipeline Expansion

Enbridge Delays Second Phase of Mainline Oil Pipeline Expansion

Enbridge Delays Second Phase of Mainline Oil Pipeline Expansion
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Valero Energy Reports 400% Surge in Quarterly Earnings Amid Oil Market Volatility

Valero Energy Reports 400% Surge in Quarterly Earnings Amid Oil Market Volatility

Valero Energy Reports 400% Surge in Quarterly Earnings Amid Oil Market Volatility
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U.S.-Iran Conflict Drives Oil Market Surge, Challenges for Investors Ahead

U.S.-Iran Conflict Drives Oil Market Surge, Challenges for Investors Ahead

U.S.-Iran Conflict Drives Oil Market Surge, Challenges for Investors Ahead
Reuters Reuters
Oil falls after Trump cancels attack on Iran to seek nuclear deal

Oil falls after Trump cancels attack on Iran to seek nuclear deal

By Florence Tan SINGAPORE, Aug 3 (Reuters) - Oil prices fell more than $4 a barrel on Monday after U.S. President Donald Trump held off a fresh attack on Iran as he sought a quick deal that would halt Tehran's nuclear ambitions and reopen the Strait of Hormuz.
Reuters Reuters
Oil prices drop after Trump cancels attack on Iran to seek nuclear deal

Oil prices drop after Trump cancels attack on Iran to seek nuclear deal

By Shadia Nasralla LONDON, Aug 3 (Reuters) - Oil prices fell more than $4 a barrel on Monday after U.S. President Donald Trump held off a fresh attack on Iran as he sought a quick deal that would halt Tehran's nuclear ambitions and reopen the Strait of Hormuz.
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WTO Reports Resilient Global Trade Growth Amid Iran Conflict and AI Boom

WTO Reports Resilient Global Trade Growth Amid Iran Conflict and AI Boom

The World Trade Organization (WTO) has reported a 1.9% growth in global merchandise trade for the first quarter of 2026, compared to the previous period, and a 3.2% increase compared to the same quarter in 2025. This growth has been attributed to a surge in trade of electronic components related to the ongoing AI boom, which has offset the negative impacts of the Iran war. The conflict in the Middle East has led to significant disruptions, particularly in the Strait of Hormuz, affecting shipping and trade flows. Despite these challenges, the WTO notes that AI-related investments have bolstered trade volumes, especially in Asia and North America.
TheStreet TheStreet
Exxon CEO delivers blunt message on what's coming for gas prices

Exxon CEO delivers blunt message on what's coming for gas prices

I have covered the energy market's evolution through the Iran-Iraq War, from Chevron CEO Mike Wirth's early warnings about depleting buffers to Shell's CEO describing the diesel and gasoline squeeze that emerged as refineries pivoted to jet fuel.  On July 31, ExxonMobil Chairman and CEO Darren ...
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Enbridge Reports Strong Q2 Results and Expands Growth Backlog to $41 Billion

Enbridge Reports Strong Q2 Results and Expands Growth Backlog to $41 Billion

Enbridge Reports Strong Q2 Results and Expands Growth Backlog to $41 Billion
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UNCTAD Reports Resilient Global Trade Growth Amid Middle East Conflict

UNCTAD Reports Resilient Global Trade Growth Amid Middle East Conflict

The United Nations Conference on Trade and Development (UNCTAD), in collaboration with the World Trade Organization (WTO), has reported a 1.9% increase in the volume of world merchandise trade in the first quarter of 2026 compared to the previous quarter, and a 3.2% increase compared to the same quarter in the previous year. This growth occurred despite the ongoing conflict in the Middle East, which has disrupted trade routes, particularly through the Strait of Hormuz. The report highlights that North America experienced a 7.0% year-on-year increase in exports, although imports decreased by 10.7% due to previous frontloading ahead of anticipated tariff hikes. The trade in AI-related goods has been a significant contributor to this growth, with a reported 40% increase in value year-on-year.
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Michigan Supreme Court Orders Reconsideration of Enbridge Pipeline Permit

Michigan Supreme Court Orders Reconsideration of Enbridge Pipeline Permit

The Michigan Supreme Court has mandated state regulators to reassess a permit that was previously granted for a tunnel project intended to carry an oil pipeline under the Great Lakes. This decision affects the future of Enbridge's Line 5 pipeline, which has been operational for 73 years, transporting petroleum from Wisconsin to Ontario. The pipeline runs along the bottom of the Straits of Mackinac, a critical waterway connecting Lakes Huron and Michigan. Enbridge's proposal to bury the pipeline in a tunnel has faced opposition from environmentalists and Michigan Governor Gretchen Whitmer, who argue that a spill could have catastrophic consequences for the Great Lakes. The court's ruling highlights the need for regulators to evaluate the environmental impact of extending the pipeline's lifetime and to consider alternatives such as transporting oil via trucks or trains.