Today: 22 July 2026
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Energy 4 July 2026 - 22 July 2026

Iran Oil Jolt Reveals 24% Spread on SK Hynix’s AI Bet

Iran Oil Jolt Reveals 24% Spread on SK Hynix’s AI Bet

U.S.-Iran tensions pushed oil prices much higher on Monday and dragged Nasdaq futures down about 1%. But the bigger move came from SK Hynix after a price gap showed up. Its ADRs, which let U.S. investors trade foreign shares, were indicated 9.2% lower at $152.50. Even with that slide, the ADRs still traded about 24% above the Seoul shares, based on a simple calculation.
Freedom Fuel pushed by Trump reports 50% sales hike as $3.47 gas promise looks shaky

Freedom Fuel pushed by Trump reports 50% sales hike as $3.47 gas promise looks shaky

Freedom Fuel Network says gasoline volumes have climbed more than 50%, but that may be hurting its margins. Calculated using Pennsylvania's July 9 wholesale cost and the launch rack-to-break-even spread, the original $3.47 pump price now puts the fuel-only loss at about 31 cents per gallon. A typical station that started at the 68,000-gallon monthly average Tom Kloza mentioned and kept up with that volume increase would show a modeled shortfall of about $31,600 a month, not including fees, payroll, utilities or rent. The White House has said there is no subsidy on the price from the government or anyone else.
12 July 2026
ExxonMobil posts $5B profit gain, shares slide $12B in value

ExxonMobil posts $5B profit gain, shares slide $12B in value

ExxonMobil Holdings Corporation closed Friday at $138.88, down 2.0% from Tuesday’s close. This came even after the company indicated about $5 billion in second-quarter earnings growth from Q1. U.S. markets were closed for the weekend. The parent company switched to the ExxonMobil Holdings name on July 2, replacing Exxon Mobil Corporation as the NYSE-listed entity, but kept the XOM ticker.
Ohio Tops Sun Belt in Business, Power Lines Worth Watching

Ohio Tops Sun Belt in Business, Power Lines Worth Watching

Ohio took the top spot in CNBC’s 2026 state business ranking, coming in nine points ahead of North Carolina. The state moved up as the survey focused more on infrastructure, energy, and build-ready sites, using its industrial roots to push a power-and-logistics story.
9 July 2026
Brazil delays fuel subsidy, raising fiscal worries for investors

Brazil delays fuel subsidy, raising fiscal worries for investors

Brazil is holding off on a decision to scrap its gasoline subsidy until next week, as the government moves ahead with a plan to restructure rural debt. The move puts inflation fears and fiscal concerns back in focus for the market. Finance Minister Dario Durigan said the delay was tied to new uncertainty over the Iran conflict. The rural-debt package may cover just over 100 billion reais in renegotiated loans.
9 July 2026
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