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TotalEnergies CEO Reveals Cost To Move A Supertanker Through Hormuz
TotalEnergies CEO Reveals Cost To Move A Supertanker Through Hormuz
The crisis-driven dislocation across Gulf oil markets has positioned French energy giant TotalEnergies SE as an early mover, capitalizing on heavily discounted Persian Gulf crude priced at $50 to $60 a barrel and moving it through the highly contested Strait of Hormuz. CEO Patrick Pouyanné revealed at the Norwegian energy conference on Monday that transiting the waterway now costs roughly $20 million per supertanker.
Bloomberg earlier quoted Pouyanné as saying that the added cost of moving crude on supertankers through the Hormuz...
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Aug 25, 2026 / Tyler Durden
Washington Backs Brazil's Serra Verde Mine In $1.55 Billion Rare-Earth Push
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The U.S. Department of War has announced a $750 million investment aimed at securing long-term supplies of critical rare-earth elements from Serra Verde’s Pela Ema mine in central Brazil, as Washington accelerates efforts to reduce its dependence on China for strategically important minerals, according to a DOW press release out this week.
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Jun 1, 2026 / Tyler Durden
GoPro Warns It May Not Survive As AI Memory Crunch Bites
GoPro Warns It May Not Survive As AI Memory Crunch Bites
GoPro shares have been under pressure since last fall, when memory prices began to soar as AI data center buildouts tightened global supply and diverted capacity away from consumer electronics.
On Monday, GoPro filed an 8-K with the SEC, warning of "substantial doubt" about its ability to continue as a going concern and stating that it expects to file an update to its financial statements.
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Mar 27, 2026 / Tyler Durden
Trump Signs Memo Directing DHS To Pay TSA Agents; First Paychecks Could Arrive Monday
Trump Signs Memo Directing DHS To Pay TSA Agents; First Paychecks Could Arrive Monday
Summary:
Reuters says 50,000 TSA agents could be paid as early as Monday
Trump officially puts out a presidential memorandum instructing DHS to pay TSA agents
House Speaker Mike Johnson agreed to put a short-term DHS funding package on the floor
The resolution would fund all of DHS, including ICE and CBP
It would replace the Senate-passed bill on the House floor
Chuck Schumer says it's 'DOA'
Trump Puts Out Order Instructing DHS to Pay TSA Agents
President Trump wrote in a presidential memorandum...
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