Oil Prices Rise
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Oil prices have jumped more than 70% this year and were on the rise again Monday.
Saudi Aramco said Q1 profit rose 25% as the Iran war disrupted global oil supplies and pushed up prices. The company shifted some exports away from the Strait of Hormuz via its East-West Pipeline, which is now operating at full capacity.
Aramco, the world’s largest oil company, reported a 25% jump in first-quarter profits amid tight global oil supplies.
Total flows remain a tiny fraction of what they were before Tehran closed the oil channel almost 10 weeks ago, but Saudi Aramco and the UAE's Adnoc have moved some tankers, a reminder that some supply is still managing to reach global markets.
The world consumes roughly 100 million barrels of oil every day. For the past several months, a significant portion of that supply has simply not been produced. The gap is not closing. And one of the most senior executives in global energy just said so on the record.
Chevron boasts a steady dividend supported by its strong asset base, making it a reliable stock in the volatile oil and gas industry.
The Oilers had a strong penalty kill. In 2022-23, the team allowed 8.52 GA-60 when short-handed, and improved to 7.55 GA-60 the following year. Edmonton would make it all the way to Game 7 of the final with a strong penalty-killing unit. There was some falloff in 2024-25 (7.94 GA-60), but the team rode that PK unit to the final again.
Things aren’t great between the Edmonton Oilers coaching staff and management, and it seems the situation has gotten worse as the season went on. The friction has reportedly even influenced lineup decisions,