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Nicole Jao

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Articles

Top US refiners see profits soar, step up investor rewards

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By Nicole Jao Verified
| Zawya Verified
NEW YORK - Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining margins surging. Industry analysts said refiners' massive profits and strong buyback programs were likely to continue into the third quarter, underscoring how U.S. fuel makers have been among the biggest financial beneficiaries of the Iran war.
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Top U.S. refiners boost rewards for shareholders as profits soar

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By Nicole Jao Verified
| The Globe and Mail Verified
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Oil prices edge up as investors weigh US-Iran talks deadlock against lower demand

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By Nicole Jao Verified
| MSN Australia Verified
Nicole Jao By Nicole Jao NEW YORK, Aug 12 (Reuters) - Oil prices rose slightly on Wednesday as attacks on ships in the Middle East continued and talks to end the Iran war hit an impasse. However, the gains were limited after forecasters cut global oil demand projections for 2026. Brent futures settled up 7 cents at $88.98 a barrel, while U.S. West Texas Intermediate crude rose 7 cents to $83.27.
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