Earnings Week Ahead: WMT, BABA, HD, TGT, and More

Seeking AlphaAug 16 20:07

OPEC's Four Consecutive Cuts in Oil Demand Forecasts Fail to Suppress Oil Prices; Dual Threats from the Strait of Hormuz and the Red Sea Sustain Energy Risk Premium

OPEC lowered its 2026 global oil demand growth forecast to 580,000 barrels per day on Wednesday, marking the fourth consecutive downward revision by the organization.

Zhitong FinanceAug 12 21:04

Market Chatter: ZIM's Sale to Hapag-Lloyd, FIMI Unlikely to Win Israeli Regulatory Approval

MT NewswiresAug 10 17:00

Gunfire in the Strait of Hormuz pushes Brent crude back above $83! Risk premium on energy transit routes heats up again, with oil bulls regaining pricing power.

Oil prices continued to rise following reports that Iran had attacked "hostile targets" in the Strait of Hormuz. Tehran is seeking to bar U.S. vessels from this critical waterway and prohibit Israeli ships from entering the strait through an agreement reached with Oman.

Zhitong FinanceAug 7 09:35

Middle East conflict ignites $100-per-barrel windfall! Saudi Aramco’s Q2 profit surges 33%, but Red Sea shipping faces crisis

Saudi Aramco reported a 33% increase in second-quarter profit, benefiting from a war-driven surge in oil prices. Adjusted net profit rose to $33.4 billion from $25.2 billion a year earlier, exceeding analysts' expectations of $31.1 billion.

Zhitong FinanceAug 4 14:58

The rebound in Hormuz shipping amid adverse conditions fails to mask the security premium, as global oil and gas trade enters an 'escorted era.'

U.S. military escorts have opened energy shipping routes, but tanker daily charter rates are approaching $500,000. Despite ongoing hostilities in the Middle East, shipping traffic through the Strait of Hormuz has increased in recent days, with the United States stating that its navy has escorted several tankers through the waterway. According to data from market intelligence firm Kpler, a total of 14 cargo vessels traversed the Strait of Hormuz in both directions on Wednesday, and one additional very large crude carrier (VLCC) has been booked to load cargo at a Persian Gulf port.

Zhitong FinanceJul 30 16:41