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LATEST

The U.S. Just Took A Big Step to Break China's Magnet Dominance●South Korea conducts rare dollar-selling intervention, source says●Annual core inflation in Japan's capital accelerates in July●Bitcoin Slides as Investors Fret Over Prospect of Higher Rates●AMC credit upgrade comes with a catch●How The ‘Spider-Man: Brand New Day’ End-Credits Scene Sets Up Spidey’s Next Move●Fast-fashion retailer Shein’s 3-year IPO odyssey cost it the ‘golden time’ to go public●Amazon soars after CEO Andy Jassy makes the case for its massive AI investment●The U.S. Just Took A Big Step to Break China's Magnet Dominance●South Korea conducts rare dollar-selling intervention, source says●Annual core inflation in Japan's capital accelerates in July●Bitcoin Slides as Investors Fret Over Prospect of Higher Rates●AMC credit upgrade comes with a catch●How The ‘Spider-Man: Brand New Day’ End-Credits Scene Sets Up Spidey’s Next Move●Fast-fashion retailer Shein’s 3-year IPO odyssey cost it the ‘golden time’ to go public●Amazon soars after CEO Andy Jassy makes the case for its massive AI investment●

Commodities

Middle East Oil Shock Could Hand Upstream Sector a $495 Billion Windfall

Oilprice.com · 2h ago

Middle East Oil Shock Could Hand Upstream Sector a $495 Billion Windfall

Wood Mackenzie now estimates that the global upstream oil and gas sector could generate $495 billion in free cash flow in 2026 if crude averages $90 per barrel, more than doubling its previous forecast based on a $60 oil price assumption. The revision follows the sharp jump in crude prices triggered by the Middle East conflict, turning what had been expected to be another year of disciplined cash generation into one of the industry’s most lucrative windfalls in recent years. Yet the gains will be concentrated among the world’s largest…

Read the full story at Oilprice.com →

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