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Aramco CEO Says Energy Market May Not Normalize Until 2027 Amid Billion-Barrel Supply Shock
Aramco CEO Says Energy Market May Not Normalize Until 2027 Amid Billion-Barrel Supply Shock
From the Trump administration's recent Project Freedom push to mounting warnings from Wall Street analysts, security experts, energy strategists, and major oil company executives, there is a growing sense that the global energy market is quickly approaching a breaking point due to the heavily disrupted Strait of Hormuz.
There was good news over the weekend, as a Qatari LNG tanker transited the Hormuz chokepoint. However, a second tanker from the energy-rich Gulf country abruptly made a U-turn...
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May 20, 2026 / Tyler Durden
StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash
StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash
Standard Chartered CEO Bill Winters and his team spent Wednesday in damage-control mode after the head of the London-based international bank told investors on Tuesday that artificial intelligence would be used to replace "lower-value human capital," sparking a backlash online.
"Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," Winters wrote in an internal memo to employees on Wednesday that was seen...
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Jul 18, 2026 / Tyler Durden
"We've Burned Through All Buffers": Oil Traders Warn Market Running On Fumes
Aug 3, 2026 / Tyler Durden
Trump Blasts Oil Majors: "Get Gas Prices Down Now!"
Trump Blasts Oil Majors: "Get Gas Prices Down Now!"
President Trump blasted oil companies on Monday morning for high gasoline pump prices, telling them:
That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW! Thank you for your attention to this matter. President DJT
As of Monday morning, the national average for 87-octane gasoline at the pump stood at $4.09 a gallon, according to AAA data, marking the second consecutive week above the politically sensitive $4 threshold. Pump prices surged following the tit-for-tat strikes between...
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