strait of hormuz

Energy

Exxon to Boost Crude Output by Automating Permian Basin Rigs

Photo via Noushad Variyattiyakkal/ZUMAPRESS/Newscom

Two of the company’s rigs in the Permian Basin are now fully automated and it wants to automate as many as 15 by 2028, per Reuters.

2 min read

Photo via Michael Brochstein/ZUMAPRESS/Newscom

Industrials

Lockheed Martin Places $3.5B Bet on Undersea Warfare Tech

On Monday, the defense contracting giant announced a $3.5 billion acquisition of naval-defense company Ultra Maritime.

2 min read
Photo via Weston Hancock/ZUMAPRESS/Newscom

Energy

Oil Prices Slide amid Fresh Hope for US-Iran Peace Deal

Oil prices may eventually reach $200 a barrel unless a supply crisis sparked by the Iran War is resolved, experts warn.

2 min read
Advisor Upside

How to Invest During Geopolitical Uncertainty

Our survival instincts lead us to protect our portfolios, but sometimes that’s easier said than done.

4 min read

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