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Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom
Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom
Oil prices are higher this morning on renewed fighting between the US and Iran (and Trump rhetoric), while API reported a major crude inventory draw (for an eighth week in a row).
Additionally, in its monthly Short-Term Energy Outlook released on Tuesday, the Energy Information Administration (EIA) reported the closure of the Strait is depleting global inventories, keeping prices high.
"Global oil markets remain highly volatile as very limited shipping traffic through the Strait of Hormuz has caused oil...
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Oct 17, 2026 / Tyler Durden
Netflix Boots Content Chief As Viewership Sags
Netflix Boots Content Chief As Viewership Sags
Netflix shares are locked in a bear market, down nearly 25% year-to-date, as the platform's viewership growth has slowed and recent shows have seen troubling audience declines in their second seasons.
Bloomberg reports that chief creative officer Bela Bajaria has been abruptly booted and is set to be replaced later this month by veteran entertainment executive Peter Rice.
Rice, a former senior executive at Walt Disney and 21st Century Fox, will take the reins on October 26 and oversee scripted and unscripted series, films,...
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Sep 14, 2026 / Tyler Durden
Trump Says US Could Remain In Iran And Keep Oil, Similar To Deal With Venezuela
Trump Says US Could Remain In Iran And Keep Oil, Similar To Deal With Venezuela
Authored by Jack Phillips via The Epoch Times,
President Donald Trump on Sept. 13 said the United States could ultimately remain in Iran and "keep the oil" in a similar manner to his administration's move to control some of Venezuela's oil reserves.
"We'll ultimately get out [of Iran], unless we decide to stay and keep the oil like Venezuela," Trump said at the Trump International Golf Course in Ireland, adding that the U.S. revenue from Venezuela has...
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Sep 17, 2026 / Kyle Anzalone
South Korea Considering What Role It Can Play in the Strait of Hormuz
South Korean officials said Seoul is discussing what role the country could play in efforts to secure navigation through the Strait of Hormuz. So far, South Korea has refused to participate in the US war against Iran, drawing President Donald Trump’s ire. First Vice Foreign Minister Park Yoon-joo told the National Assembly, “The government is […]
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