Crude oil relief: OMCs may break even on petrol, diesel rates soon; what it means for retail prices

OCC Reports $16.3 Billion in Bank Trading Revenue for Q1 2026

The Office of the Comptroller of the Currency (OCC) reported that U.S. commercial banks and savings associations generated $16.3 billion in

Africa’s largest refinery explains why falling oil prices don’t immediately translate to cheaper petrol after $4.5 billion crude spend

Retail's strong first quarter masked by tax refunds and BNPL; Q2 to reveal true consumer health

The retail industry had a strong first quarter, but this was partly driven by higher-than-usual tax refunds and increased use of buy now, pa

Oil Companies Rake In $23 Billion in Excess Profits as Trump's Iran War Drives Up Gas Prices

The article reports that major oil companies made $23 billion in excess profits during the first month of Trump's war in Iran, as crude oil

Trucking industry pushes for fuel surcharges amid Iran conflict-driven oil uncertainty

The trucking industry is pushing for fuel surcharges to address rising costs driven by uncertainty over crude oil supplies due to the Iran c

Oil tanker rates plunge 44% as shipping resumes through Strait of Hormuz

Oil tanker earnings have plunged by 44% in a matter of days, dropping from over $514,000 on Tuesday to about $287,000 on Friday, as more shi