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Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week
Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week
Saudi Aramco, the world's largest oil producer by volume, reported a 33% jump in second-quarter profits on Tuesday as the war-driven surge in Brent crude, which averaged $97 a barrel, boosted earnings. The company maintained export flows by redirecting crude around the disrupted Strait of Hormuz through its East-West Pipeline to the Red Sea.
Adjusted net income for the quarter surged to $33.4 billion from $25.2 billion a year earlier, beating the Bloomberg Consensus estimate...
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Apr 8, 2026 / Tyler Durden
Kevin Plank's Unsellable Thoroughbred Race Farm Sees Another Deep Price Cut
Kevin Plank's Unsellable Thoroughbred Race Farm Sees Another Deep Price Cut
Under Armour CEO Kevin Plank has once again cut the asking price on his massive thoroughbred racing farm in northern Baltimore County, Maryland, as the historic farm - once owned by the Vanderbilt family - continues to sit on the market amid a series of deep price cuts.
Plank has been winding down his sprawling real estate portfolio, offloading everything from multiple residential properties to a luxury hotel in Baltimore City in recent years. Among his crown jewels - alongside...
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Aug 20, 2026 / Tyler Durden
Of Anchovies And Blueberries – Why El Niño Matters
Of Anchovies And Blueberries – Why El Niño Matters
Authored by Nick Smallwood via BondVigilantes.com,
Why aren’t we talking more about El Niño?
After an exceptionally hot, dry summer in Western Europe and elsewhere, climate discussions proliferate. But neither mainstream media nor markets seem to be seriously discussing the risks and opportunities presented by what scientists appear to agree will be a “super El Niño”.
In a world where food supplies have already been curtailed by the Russia-Ukraine conflict (especially wheat and sunflower oil), and where next year’s crop yields could be hit by the high price and/or...
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Jun 15, 2026 / Tyler Durden
Deal Done? US-Iran MOU Electronically Signed, Details To Be Released In 24-48 Hours: Report
Deal Done? US-Iran MOU Electronically Signed, Details To Be Released In 24-48 Hours: Report
Summary:
A deal has been electronically signed, according to US officials cited by CNBC
Opening the strait will take time due to mines, and to expect an increase in traffic in 1-2 weeks
Details to be released in 24-48 hours
Trump: Ships starting to move through strait or Hormuz
Vice President JD Vance Begins Optics Roadshow to Boost Investor Confidence On Deal
Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening
Deal Done?
CNBC is reporting that a deal between the US and...
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