Larry Ellison Pledges $9 Billion More In Oracle Stock To Fund Warner Bros Deal As Price Tumbles, CDS Hits Record

US Diesel At Pump Nears April War High As Global Refining Crisis Deepens A diesel-price shock may be approaching Western economies. That's because the industrial fuel sits at the epicenter of freight, agriculture, construction, and heavy industry; soaring prices ripple quickly through supply chains, raising transportation and construction costs, reigniting food inflation, weakening consumer sentiment, and intensifying margin pressure on small and medium-sized businesses. The latest AAA data show that the nationwide average retail price reached $5.69 per gallon. That leaves diesel just below its April peak, which marked the highest price...

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...