Oil prices top of mind at the Calgary Stampede rodeo – CBS News Watch CBS News The Calgary Stampede is the largest outdoor rodeo in the world. And with Alberta holding the fourth-largest proven oil reserve in the world, high oil prices are playing a part in the show. Ian Lee reports.
Oil prices rose Wednesday after U.S. Secretary of State Marco Rubio said Iran was not serious about reaching a deal to end the fighting, and vowed the U.S. military would continue to protect shipping through the Strait of Hormuz. Brent crude futures, the international benchmark, traded about 2.5% higher at $93.32. U.S. West Texas Intermediate…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz and reinstate a blockade of Iranian ports, raising concerns over potential disruptions to global crude supplies. U.S. West Texas Intermediate futures…
SK Hynix CEO Kwak Noh-jung SK Hynix CEO Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company’s ability to produce it well into the next decade despite aggressive capacity expansion. “We forecast that next year will be…
Oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies….
US-Iran peace talks ease market volatility but uncertainty keeps oil prices hovering, complicating recovery efforts Published On 29 Jun 202629 Jun 2026 United States President Donald Trump is touting relief at the pump as US gas prices begin to fall ahead of potential peace talks despite ongoing clashes in the Strait of Hormuz. “GAS PRICES…
Oman’s Foreign Minister Sayyid Badr bin Hamad Al Busaidi, speaking Thursday after meeting with fellow top diplomats from Persian Gulf nations and U.S. Secretary of State Marco Rubio, said “future arrangements concerning the Strait of Hormuz will not involve imposing any transit fees.” Al Busaidi “reiterated Oman’s support for the memorandum of understanding signed between…
The price of Brent crude has reached its lowest since February 27, before the war started. Published On 25 Jun 202625 Jun 2026 Oil prices have extended their decline to levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns. Prompt-month Brent crude…
Apple plans to raise prices across its product lineup to offset the surging costs of memory and storage chips, CEO Tim Cook revealed in a recent interview with The Wall Street Journal. Read: Siri AI: A deep dive into Apple’s new intelligent assistant The global explosion in AI-driven data centre infrastructure has forced consumer electronics…
The Brugge oil tanker anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images U.S. oil prices jumped 5% Monday after President Donald Trump told CNBC he did not care if talks with Iran come to an end. West Texas Intermediate…
