US oil companies are set to earn billions more due to supply disruptions from the Iran war, with Exxon Mobil expecting a $5 billion profit jump. Despite President Trump's calls to increase drilling to lower gas prices, oil majors are cautious, viewing current profits as temporary and fearing political backlash. Production gains in 2025 came from efficiency improvements rather than new drilling. The administration's push for more drilling faces environmental opposition, while high gasoline prices continue to concern consumers ahead of elections.
The global wax market, valued at $11.26 billion in 2025, is projected to grow to $16.65 billion by 2035 at a CAGR of 3.99%. Growth is fueled by rising demand in packaging, cosmetics, candle making, adhesives, and industrial uses, with natural waxes l...
The generative AI market in the oil and gas sector is projected to grow from $0.53 billion in 2025 to $1.15 billion by 2030, at a CAGR of 16.9%. Growth is driven by adoption of cloud-based AI for real-time monitoring, predictive maintenance, and dril...
Mike Zaccardi downgraded the iShares Global Energy ETF (IXC) to Hold due to disappointing price performance despite favorable geopolitical tensions in the Middle East. The ETF remains attractively valued at a 10.3x price-to-earnings ratio and offers ...
