Oil is reminding Wall Street that it remains both a commodity and a geopolitical referendum again on Monday. As fresh U.S.-Iran hostilities raised concerns around the Strait of Hormuz, Brent crude pushed above $90 a barrel and U.S. benchmark WTI moved above…
A federal court ruling has materially improved the operating outlook for Sable Offshore Corp. (NYSE: SOC), allowing its Santa Ynez Pipeline System to continue moving crude under federal oversight. For many, the development shifts the central debate from whether barrels can reach market to how quickly…
A federal court ruling allowing Sable Offshore Corp. (NYSE: SOC) to keep its Santa Barbara-area pipeline operating seemingly gives investors a clearer, if still politically charged, path toward converting long-dormant California oil assets into commercial production. The investment case is not that…
