The boom was thanks in large part to the rapid price swings, which sparked huge demand from big buyers such as airlines and utilities players.
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The oil price shock caused by the Iran war has turbocharged BP shares, pushing them up roughly 33% so far this year.
Midwest farmers told the Des Moines Register that they’re already being quoted fertilizer prices that are up 40% from the fall.
The grid is already being tested by the massive demand for data centers to support the artificial intelligence boom.
Morgan Stanley analysts on Monday granted the US LNG exporter a rare double upgrade, changing its rating from underweight to overweight.
Iranian strikes on Qatar’s Ras Laffan plant eliminated three to five years of LNG exports worth some $20 billion in yearly revenue.
More than half of US adults think inflation will increase this year and that’s more than double those who expect prices to come down, according to Northwestern Mutual.
Last week the Big Oil companies weighed in with their earnings reports, and it was mostly a pretty sorry assembly.