strait of hormuz

Energy

Why Permian Drillers are Embracing ‘Chill Baby, Chill’

Photo via imageBROKER/Jim West/Newscom

As oil prices skyrocketed thanks to the Iran war, the Permian’s biggest players have hardly increased production at all. What gives?

1 min read

Photo via Behnam Tofighi/UPI/Newscom

Energy

Middle East Oil Flows Surpass Prewar Levels, but Don’t Bet on Price Drops

Preliminary estimates suggest regional flows hit roughly 24 million barrels per day last week, passing the prewar 23.3 million.

2 min read
Photo via Thomas Imo/picture alliance / photothek.de/Newscom

Inflation & Prices

As Soaring Energy Prices Boost Inflation, Refiners Have Become Money Machines

A 9.1% jump in gasoline prices from a month earlier accounted for more than half of the 0.6% monthly increase in all prices from August.

2 min read
Photo via Noushad Variyattiyakkal/ZUMAPRESS/Newscom

Energy

Exxon to Boost Crude Output by Automating Permian Basin Rigs

Two of the company’s rigs in the Permian Basin are now fully automated and it wants to automate as many as 15 by 2028, per Reuters.

2 min read

Industrials

Lockheed Martin Places $3.5B Bet on Undersea Warfare Tech

Photo via Michael Brochstein/ZUMAPRESS/Newscom

On Monday, the defense contracting giant announced a $3.5 billion acquisition of naval-defense company Ultra Maritime.

2 min read

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