The U.S. is reportedly getting close to a deal with Iran on a one-page memorandum of understanding to end the conflict. The memorandum is expected to set a detailed plan for comprehensive nuclear talks between the two countries, Axios reported, citing two U.S. officials and two other sources. The news comes a day after U.S. officials indicated that recent Iranian strikes had not derailed a fragile...
The U.S. is reportedly getting close to a deal with Iran on a one-page memorandum of understanding to end the conflict. The memorandum is expected to set a detailed plan for comprehensive nuclear talks between the two countries, Axios reported, citing two U.S. officials and two other sources. The news comes a day after U.S. officials indicated that recent Iranian strikes had not derailed a fragile cease-fire, even as American forces continue operations to support commercial shipping through the Strait of Hormuz. Washington also expects Iran to respond to several key points in the next 48 hours, according to the report. West Texas Intermediate crude ( CL1:COM ) fell 7.77% to $94.32 a barrel, while Brent crude ( CO1:COM ) dropped 6.80% to $102.40. The agreement would also see Iran commit to a pause in nuclear enrichment, while the U.S. would lift sanctions and release billions in frozen Iranian assets. Both sides would also ease restrictions on transit through the Strait of Hormuz, Axios reported. The one-page, 14-point memorandum of understanding is being discussed between U.S. envoys Steve Witkoff and Jared Kushner and many Iranian officials, the report said. The MoU is also expected to declare the end of the war in the region and the start of a 30-day period of negotiations on the agreement. More on Oil Commodities: Trump's 'Project Freedom' Pause Weighs On Oil Prices Gas Prices Surge To Highest Level Since July 2022 SPX Realized Skew Inverts As Traders Focus On Right Tail U.S. gasoline stocks slide toward record lows as imports dry up: Morgan Stanley
3dsam79/iStock via Getty Images Investment Thesis I rate Oceaneering International, Inc. ( OII ) with a Hold. The company is well positioned in terms of market shares and tailwinds in its markets, with a growing ADTech segment closely operating with US government and defense programs. On the other hand, competitors are catching up with innovations in the subsea robotics segment (the most performin...
3dsam79/iStock via Getty Images Investment Thesis I rate Oceaneering International, Inc. ( OII ) with a Hold. The company is well positioned in terms of market shares and tailwinds in its markets, with a growing ADTech segment closely operating with US government and defense programs. On the other hand, competitors are catching up with innovations in the subsea robotics segment (the most performing one for OII), and the company should be focused on introducing appealing products to defend its positioning. The last Q1 FY2026 results released on April 22, 2026, highlighted the company's difficulties in keeping the margins stable during seasonal underutilization periods, but the management reaffirmed the positive guidance for the full year. My DCF valuation implies a share price of $37.50, suggesting that the company is currently trading at fair value, with a 1Y target price between $41 and $43 per share. I advise long-term investors to accumulate more shares if the stock price declines toward the $33-35 levels, while new investors should wait for Q2 results before considering an investment. Business Overview Oceaneering International, Inc., with headquarters in Houston, Texas, is an engineering company providing tech services and products related to offshore energy activities and, especially nowadays, to the US government through its Aerospace and Defense Technology business (ADTech). The company is divided into five different core segments, holding a single cost center: Subsea Robotics (SSR) is the largest segment in terms of profit, generating approximately $855.2M in revenues and $257.1M in operating income in FY2025 with a 30.1% margin. SSR operates through the production of an ROV fleet used for drill inspection, maintenance, repair, and installation (IMRI). The management estimated the company's market share for this segment to be around 60% at the end of FY2025. Manufactured Products generated $569M in revenues with a 12.7% operating margin, designing and produ...
(RTTNews) - UK stock market's benchmark index FTSE 100 climbed up sharply Wednesday morning, buoyed by optimism over a potential U.S.-Iran peace deal after U.S. President Donald Trump's announcement of a temporary suspension of "Project Freedom" in order to resume negotiations wi
(RTTNews) - UK stock market's benchmark index FTSE 100 climbed up sharply Wednesday morning, buoyed by optimism over a potential U.S.-Iran peace deal after U.S. President Donald Trump's announcement of a temporary suspension of "Project Freedom" in order to resume negotiations wi
imaginima/E+ via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIA's Petroleum Supply Monthly ( PSM), which provides updated production information up to February 2025. U.S. February oil production increased by 389 kb/d to 13,626 kb/d and is down by 238 kb/d from October. The largest increases came from the Big 2 st...
imaginima/E+ via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIA's Petroleum Supply Monthly ( PSM), which provides updated production information up to February 2025. U.S. February oil production increased by 389 kb/d to 13,626 kb/d and is down by 238 kb/d from October. The largest increases came from the Big 2 states, TX and NM. March production is expected to drop by 67 kb/d to 13,559 kb/d, according to the April STEO. Peak US oil production occurred in October 2025 at 13,864 kb/d but may be exceeded in early 2027, according to the STEO forecast. The dark blue graph, taken from the April 2026 STEO, is the U.S. oil production forecast from March 2026 to December 2027. Output for December 2027 is expected to rise to 14,157 kb/d. From February 2026 to December 2027, U.S. oil production is expected to increase by 531 kb/d. The light blue graph is the STEO’s forecast for the Onshore L48 output to December 2027. February Onshore L48 production increased by 480 kb/d but then dropped in March to 11,076 kb/d, according to the April STEO. From February 2026 to December 2027, production is expected to increase by 613 kb/d to 11,892 kb/d. The rising production starting in September 2026, according to the EIA, is due to expected higher prices for WTI and more NG pipelines being built. Note how production is essentially flat out to October 2026. U.S. Oil Production Ranked by State Listed above are the 10 US states with the largest oil production along with production from the Gulf of Mexico. These 10 states accounted for 83.1% of all U.S. oil production out of a total production of 13,626 kb/d in February 2026. On a MoM basis, February oil production in these 10 states rose by 454 kb/d. On a YoY basis, US overall production increased by 386 kb/d, with the largest contributors being Texas and New Mexico and the largest decliner being North Dakota. State Oil Production Charts Texas February oil p...