The International Energy Agency (IEA) has lowered its 2026 global oil supply forecast by 6%, expecting a decline of 5.7 million barrels per day compared to 2025, due to ongoing conflict in Iran delaying Middle East oil flows. It also revised down global oil demand for 2023, now predicting a drop of 2.5 million barrels per day, worsened by geopolitical tensions including attacks near the Strait of Hormuz and the Yemen conflict. The IEA warns that shrinking inventories and strained refining capacity could tighten markets further, emphasizing the need for diplomatic progress to avoid worsening supply constraints and demand destruction. Oil prices remain volatile, with benchmarks near $100 per barrel amid these tensions.
Oracle reported a strong quarter, surpassing revenue and earnings per share expectations driven by accelerating cloud infrastructure growth and strong AI demand. Despite a 770 basis point year-over-year gross margin decline and negative free cash flo...
On the 25th anniversary of 9/11, billionaire John Catsimatidis warned that countries like Russia, North Korea, China, and Iran are actively trying to undermine President Donald Trump ahead of the November election. He expressed disappointment with Ca...
Lakeland Industries remains a Buy, but the price target was lowered from $18.00 to $14.50 due to revised margin expectations and increased litigation risk from new PFAS multidistrict lawsuits. While gross margin improved to 37%, only half of that is ...
Western Digital, a leading hard disk drive (HDD) provider, reported a 44% year-over-year revenue increase in Q4 driven by strong demand from cloud and AI workloads. Cloud customers made up 89% of revenue, with shipments growing 22% in exabytes. Gross...
VinFast and GSM have announced new senior leadership appointments to support their global expansion. Pham Nhat Quan Anh becomes CEO of VinFast Global and Chairman and CEO of VinFast Vietnam, succeeding Pham Nhat Vuong. Nguyen Quoc Tuan is named Chair...
