SlavkoSereda/iStock via Getty Images Middle East oil producers will require several months to fully restore output once the war ends, promising extended tightness in markets, according to research from CERA, part of S&P Global Energy. At least 14.2M bbl/day of global oil supply sits in fields that have been disrupted by the war, with 90% of those volumes in fields that cannot easily be restarted, ...
SlavkoSereda/iStock via Getty Images Middle East oil producers will require several months to fully restore output once the war ends, promising extended tightness in markets, according to research from CERA, part of S&P Global Energy. At least 14.2M bbl/day of global oil supply sits in fields that have been disrupted by the war, with 90% of those volumes in fields that cannot easily be restarted, CERA said, noting that some fields are mature, some need gas or water injections, and some are offshore, making restarts more logistically complicated. Depending on how long the field has been offline, CERA estimated a restart could take as long as seven months to return to full production, assuming the Strait of Hormuz is fully reopened and port operations resume regular service, which could add another two months to timelines. "The most important determinant of recovery timing is the operating state of fields at reopening, particularly whether production has remained curtailed at reduced rates or has moved into full shut-in, and for how long," CERA's associate director of upstream solutions Chad Barnes said. The top benchmark crude oil futures fell Friday to their lowest since March 10 after Iran's foreign minister said the Strait of Hormuz is now open to all commercial shipping for the duration of a 10-day ceasefire between Israel and Hezbollah in Lebanon, and President Trump said the U.S. is helping Iran remove all mines from the waterway. However, details of any potential peace deal remained unclear, and Iran has not commented on Trump's claims that the country has agreed to suspend its nuclear program indefinitely. Meanwhile, t anker owners responded warily to the news at first, but at least eight tankers inside the Persian Gulf appeared to be heading towards the Strait of Hormuz by late Friday, according to data compiled by Bloomberg. Front-month Nymex crude ( CL1:COM ) for May delivery plunged 11.4% on Friday to $83.85/bbl, and front-month Brent crude ( CO1:COM ) fo...
J. Michael Jones/iStock Editorial via Getty Images Bank of America ( BAC ) reported stronger-than-expected Q1 2026 earnings on April 15, with its shares closing 1.8% higher. The banking giant reported net interest income of $15.75 billion and demonstrated robust loan growth of 1.7% for the quarter and 8.6% year-over-year, while maintaining a conservative 58% loan-to-deposit ratio. Despite the stro...
J. Michael Jones/iStock Editorial via Getty Images Bank of America ( BAC ) reported stronger-than-expected Q1 2026 earnings on April 15, with its shares closing 1.8% higher. The banking giant reported net interest income of $15.75 billion and demonstrated robust loan growth of 1.7% for the quarter and 8.6% year-over-year, while maintaining a conservative 58% loan-to-deposit ratio. Despite the strong results, analyst sentiment reflects cautious optimism, with expectations heavily tied to the Federal Reserve’s interest rate trajectory in the months ahead. What Do Seeking Alpha Analysts Say About Bank Of America’s Future? Supporters pointed to the “higher-for-longer” rate environment as a key catalyst for Bank of America’s earnings outlook, noting that net interest income is positioned to benefit through at least FY27. Analysts highlighted the company’s universal banking model, scale, and strong funding base as structural advantages supporting resilient earnings. The bank’s disciplined rate management resulted in a 5-basis-point improvement in net interest spread to 1.38%. Critics, however, highlighted potential risks, including accelerated Fed rate cuts should inflation or energy prices decline. Credit quality deterioration remains a concern, as it would necessitate higher provisions and reduce profitability. Some analysts also noted the sensitivity of net interest income to unexpected shifts in short-term rates. Here’s a breakdown of what some analysts had to say: Luca Socci, Rating: Buy: “BAC stands out for its universal banking model, scale, and strong funding base, supporting resilient earnings… NII is positioned to benefit from a higher-for-longer Fed rate environment, with NII expansion likely through at least FY27.” - Bank Of America: Fairly Valued Before Q1 Print, But Now Attractive The Asian Investor, Rating: Buy: “A higher-for-longer interest rate environment, fueled by rising inflation and energy prices, is a key catalyst for BAC’s earnings outlook.” - Bank...
Trump Turns The Screws On Israel In Biggest Pressure Move To Reign In Bibi Yet The Lebanon ceasefire appears to be legitimate and holding, and the biggest evidence of this is that Lebanese citizens themselves are pouring back into the war-ravaged south of the country, seeking to recover to their homes which are in some cases 'unlivable'. " Thousands of families displaced by weeks of fighting fille...
Trump Turns The Screws On Israel In Biggest Pressure Move To Reign In Bibi Yet The Lebanon ceasefire appears to be legitimate and holding, and the biggest evidence of this is that Lebanese citizens themselves are pouring back into the war-ravaged south of the country, seeking to recover to their homes which are in some cases 'unlivable'. " Thousands of families displaced by weeks of fighting filled the main highway to southern Lebanon on Friday in hopes of returning to their homes , as a 10-day cease-fire in Israel’s military campaign against Hezbollah went into effect," writes NY Times on Friday. via Reuters This comes after the Rubio-mediated meeting between the Israel and Lebanon governments in Washington D.C. this week, which was a first in decades. However, Hezbollah was not represented and has rejected direct talks with Israel. The situation and uneasy truce, which has for now seen Israel halt its bombing campaign over Lebanon (though dozens of airstrikes were reported in the south just on Thursday) - has been subject of some confusion and contradictory messaging . First, Israeli Prime Minister Benjamin Netanyahu had declared that the fight with Hezbollah is not over , while at the same time confirming Israel's agreement with the 10-day ceasefire in Lebanon. "One hand holds a weapon; the other is extended for peace," Netanyahu said in a fresh speech. "I will say honestly, we have not yet finished the job," he continued. "There are things we plan to do regarding the remaining rocket threat and the drone threat, which I will not detail." Israel seeks to "dismantle" Hezbollah , Netanyahu continued, " but this will not be achieved tomorrow . It requires sustained effort, patience, and careful navigation in the diplomatic arena." President Trump meanwhile in a Friday morning Truth Social message said Israel has been "PROHIBITED" from attacking Israel by the US. But Trump at the same time contradicted Tehran's stance: "This deal is in no way subject to Lebanon, eith...
Lean hog futures closed Friday with contracts down a tick to 67 cents, as June was down $2.67 this week. USDA’s national base hog price was reported at $90.28 on Friday afternoon, up 12 cents from the day prior. The CME Lean Hog Index was up 6 cents on April...
Lean hog futures closed Friday with contracts down a tick to 67 cents, as June was down $2.67 this week. USDA’s national base hog price was reported at $90.28 on Friday afternoon, up 12 cents from the day prior. The CME Lean Hog Index was up 6 cents on April...