OPEC+ is expected to approve a 188,000 bpd production increase in September, completing its 2023 planned cuts rollout, but likely to pause further hikes until 2027 negotiations. Middle East tensions and Iran-related disruptions add supply risks, while US crude inventories rose slightly and refinery use stays high. WTI crude remains below key $82.89 resistance, suggesting cautious short-term outlook. Brent crude also trades below major resistance levels despite easing selling pressure. Natural gas prices stay bearish amid tight LNG supply concerns, though infrastructure expansions continue globally.
The global mirrorless lenses market is projected to grow from $2.60 billion in 2025 to $4.80 billion by 2033, at a CAGR of 7.4%. Growth is fueled by rising demand for high-quality optics, faster camera upgrade cycles, and expanding workflows among co...
Wingstop reported a 7.5% decline in domestic same-store sales in Q2, mainly due to inflation impacting lower-income customers. Despite this, the company expanded by opening 102 new locations, achieving 16% unit growth, and investing in its loyalty pr...
Goldman Sachs upgraded Shell to a Buy rating due to the company's active asset management, including a potential $3.5 billion sale of stakes in the Explorer pipeline, and a major offshore oil discovery in Egypt at the Velox-1X well. Additionally, She...
A major insider of The Hershey Company, HERSHEY TRUST CO, sold 3,100 shares at $183.71, signaling possible profit-taking or portfolio adjustment. Institutional investors showed mixed sentiment with some reducing stakes, like Cetera Investment Adviser...
Keppel Ltd. is set to release its Q2 earnings with expected EPS of $0.33 and revenue of $2.06 billion. The company recently formed a $1.5 billion partnership with Apollo-managed funds to create a new offshore energy asset fund, highlighting its strat...
