NEW YORK — Global energy markets are in a state of high alert as West Texas Intermediate (WTI) crude oil surged 4.48% to $87.19 per barrel, while the international benchmark, Brent crude, climbed to $91.58. The sharp spike follows alarming reports that Iran has begun disrupting or effectively
In a move that has sent shockwaves through global energy markets, US Energy Secretary Chris Wright has clarified that the recent sanctions relief granted to India for the importation of Russian crude is strictly a "temporary" measure. Speaking on March 6, 2026, Wright emphasized that while the United States has
LONDON/NEW YORK — February 17, 2026 — Global energy markets are currently suspended in a delicate balancing act as the Islamic Revolutionary Guard Corps (IRGC) concludes its "Smart Control of the Strait of Hormuz" naval exercises. The drills, which included the temporary closure of sections of the world’s most vital
In a dramatic escalation of geopolitical tensions, U.S. maritime forces successfully boarded and seized the sanctioned oil tanker Marinera on January 7, 2026, following a high-seas pursuit that drew in Russian nuclear-powered assets. The incident, occurring approximately 300 miles south of Iceland, marks a pivotal shift from economic sanctions
Okeanis Eco Tankers Corp. (OSE: ECO, NYSE: ECO) has announced a significant cash dividend of USD 0.75 per common share, a move that is likely to be welcomed by its investors. The Board's approval on November 12, 2025, sets the stage for payments on December 11, 2025, with ex-dividend
As of November 3, 2025, the global oil market is exhibiting a pronounced contango, a market structure where the futures price of crude oil is higher than its immediate (spot) price. This phenomenon, which has been steadily emerging and solidifying, signals a current oversupply of crude and a weaker near-term
TEEKAY TANKERS (NYSE:TNK) offers an undervalued opportunity with strong profitability, zero debt, and solid cash flow. While near-term earnings may dip, its cheap valuation and financial health make it worth monitoring.
As part of an ongoing series, each week we focus on one of the stocks on our stock screeners, and discuss how it could be a deeply undervalued gem. The stock this week is Teekay Tankers Ltd.
