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UAE Crude Output Nears Record High Following OPEC Exit Amid Surge In Chinese Buying

UAE Crude Output Nears Record High Following OPEC Exit Amid Surge In Chinese Buying The United Arab Emirates raised ‌its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two sources familiar with production data said on Monday. Bloomberg data showed even higher UAE exports, rising to 3.94mmb/d, just shy of the record hit in late 2025. June's output was the highest since April ​2020, according to Reuters estimates, exceeding levels seen before the...
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May 27, 2026 / Tyler Durden
Court Hands Democrats An Ugly Loss In Florida Redistricting Fight
Court Hands Democrats An Ugly Loss In Florida Redistricting Fight A Florida judge handed Democrats a significant setback Tuesday, ruling that Gov. Ron DeSantis’s redrawn congressional map can remain in place while three state lawsuits work their way through the courts. Leon County Circuit Judge Joshua Hawkes, a DeSantis appointee, denied a request for a preliminary injunction, keeping the Republican-friendly plan intact as Florida's 2026 election machinery shifts into gear. The ruling falls in the middle of the ongoing redistricting war sparked by Texas’s redistricting last year. California responded with its...
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Jun 4, 2026 / Tyler Durden
S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year
S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year Earlier today, in our forensic analysis of the SpaceX IPO, we said that according to BNP estimates, the company's inclusion into the S&P500 some 6 months after the offering would unlock $13.4 billion worth of inflows. It turns out that that is not going to happen 6 months after the IPO. In fact, the earliest it may happen is 12 months after Friday's break for trading... and realistically well after that.  That's because after the close...
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Jun 21, 2026 / Tyler Durden
Meet Steak 'n Shake's First MAHA Officer
Meet Steak 'n Shake's First MAHA Officer Authored by Jeff Louderback via The Epoch Times, DALLAS—Lunch at Steak ‘n Shake is served for Michael Boes. The plate in front of him has a grass-fed burger and beef tallow fries. He washes it down with cane sugar Coca-Cola. “Fast food doesn’t have to mean processed, complicated, or artificial. It used to mean real, simple, and delicious - and it can again,” Boes said. Michael Boes, Steak 'n Shake's chief Make America Healthy Again (MAHA) officer, in Irving, Texas, on June 15, 2026. Bobby Sanchez/The...
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