US Central Command reports control over the Strait of Hormuz, ensuring safe passage for over 825 commercial vessels and 380 million barrels of crude oil since May. This stability has contributed to a nearly 40% drop in oil prices, with West Texas crude around $71, similar to last year before the Iran conflict. Meanwhile, oil production is rising in the UAE, Iraq, and the US, offsetting potential supply disruptions. The global oil market is recovering despite tensions, with Chinese demand falling due to economic slowdown, neutralizing Iran's threat to oil supply through the Strait of Hormuz.
Valeura Energy reported exceptional Q2 results with realized oil prices at $77.10 per barrel and adjusted cash flow from operations of $154 million, largely due to production in the Gulf of Thailand priced off Dubai benchmarks. Despite these strong r...
Kyowa Kirin, a global specialty pharmaceutical company, is implementing the AI platform Benchling at its Tokyo and Fuji Research Parks to enhance research and development. Supported by Cognizant, Benchling will automate workflows, integrate data mana...
Bitcoin's price struggles around $63,000 amid delays in US crypto regulation and significant outflows from US spot Bitcoin ETFs. The US Senate postponed the Digital Asset Market Clarity Act, a key bill aimed at clarifying crypto market rules, pushing...
Capital One Financial offers five preferred share options, with Series I preferred shares favored for their higher dividend yield and lower sensitivity to interest rates. The bank's acquisition of Discover Financial has been smoothly integrated, supp...
Safepal, a hardware wallet maker, disclosed a data breach affecting 39,798 customers due to a flaw in an order tracking plugin. The breach exposed names, emails, shipping addresses, phone numbers, and purchase details from orders between March 2025 a...
