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Shale Giant Diamondback Is Boosting Oil Output "Immediately" On Soaring Prices
Shale Giant Diamondback Is Boosting Oil Output "Immediately" On Soaring Prices
With oil prices soaring to multi-year highs, it was only a matter of time: Diamondback Energy, one of the largest shale oil producers, announced it is boosting crude output in response to rising prices caused by the Iran war.
The company that operates in the Permian Basin of West Texas and New Mexico is pumping more than 520,000 barrels a day, 3% more than its original full-year guidance, and plans to sustains those levels, Chief Executive Officer Kaes Van’t Hof...
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Mar 23, 2026 / Tyler Durden
Hundreds Of Gas Stations Run Dry In Australia As Hormuz Shock Exposes Energy Security Failures
Hundreds Of Gas Stations Run Dry In Australia As Hormuz Shock Exposes Energy Security Failures
Australia's weird obsession with "green energy," compounded by a lack of urgency regarding proper energy security, has now collided with the worst energy crisis the world has ever seen.
A country heavily dependent on imported refined petroleum products, many of which transit the Strait of Hormuz, has reached the fourth week of the U.S.-Iran war, but with a full-blown fuel supply shock now underway, and hundreds of gas stations across the country running dry.
Energy Minister...
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Feb 16, 2026 / Tyler Durden
Coffee Tied To Lower Dementia Risk, Harvard-MIT Study Finds
Coffee Tied To Lower Dementia Risk, Harvard-MIT Study Finds
New research published in JAMA reveals a strong reason to feel even better about being three to four espressos deep before the cash market opens in New York.
Here's the short version of the findings:
Caffeinated coffee was linked to lower dementia risk. Comparing the highest vs lowest consumption groups, the study reported a hazard ratio of 0.82 (95% CI, 0.76 to 0.89), which means higher caffeinated coffee intake was associated with lower risk.
People also reported less subjective cognitive decline. The higher-intake group had...
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Sep 2, 2026 / Tyler Durden
US Diesel At Pump Nears April War High As Global Refining Crisis Deepens
US Diesel At Pump Nears April War High As Global Refining Crisis Deepens
A diesel-price shock may be approaching Western economies.
That's because the industrial fuel sits at the epicenter of freight, agriculture, construction, and heavy industry; soaring prices ripple quickly through supply chains, raising transportation and construction costs, reigniting food inflation, weakening consumer sentiment, and intensifying margin pressure on small and medium-sized businesses.
The latest AAA data show that the nationwide average retail price reached $5.69 per gallon. That leaves diesel just below its April peak, which marked the highest price...
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