Iran War

Ryanair Flew 6 Per Cent More Passengers and Earned 15 Per Cent Less. Next Year's Extra €2 Billion of Fuel Works Out to About €9 a Passenger.

Ryanair's profit after tax fell 15 per cent to €2.15 billion in the six months to September as the fifth of its fuel it had not hedged roughly doubled in price, the airline said on Monday 2 November. Passengers rose 6 per cent to 125.8 million and average fares fell 4 per cent. It expects its fuel bill to rise by about €2 billion in the year to March 2028 and gave no profit forecast.

By Thomas Gutierrez November 2, 2026

Markets

OPEC+ Left Its December Oil Targets Unchanged. Brent Ended the Week at $117.64, $12.64 Above Washington's Forecast for the Quarter.

Seven core OPEC+ members kept their December oil production targets unchanged at an online meeting on Sunday 1 November, Reuters reported, citing the group. Most Gulf members are still pumping below their targets because of the Iran war. All 21 members meet on 29 November to set 2027 quotas.

By Daniel Okafor November 1, 2026

A wide view over hillside houses toward a refinery with rows of rust-coloured storage tanks, white spheres and drifting steam, below a ridge of hills and a clear blue sky.

Markets

Exxon and Chevron Earned $25.3 Billion Last Quarter. Refining Made Them Almost as Much as Pumping Oil, and Both Pumped Less.

Exxon Mobil earned $15.4 billion and Chevron $9.9 billion in the third quarter, the companies said on Friday 30 October. Chevron's profit was almost three times its year-earlier figure. Refining and fuel sales supplied nearly half the combined total, while both companies produced less oil and gas than a year earlier.

By Daniel Okafor October 30, 2026

A white cruise ship with Odyssey and Villa Vie Residences painted on its side lies at anchor beside a small orange tender, with green hills behind.

Business

The "Endless" Cruise Ship Paid $700 a Ton for Fuel Before the Iran War. It Stopped Sailing After Paying $2,000 to $3,000.

Villa Vie Residences suspended its residential cruise ship, the Odyssey, in Sihanoukville, Cambodia, on Tuesday, and told residents to leave within hours. Its executive chairman blamed fuel that cost $700 a ton before the Iran war and $2,000 to $3,000 since. He told CBS News the plan is to file for Chapter 11; no filing has been reported.

By Thomas Gutierrez October 29, 2026

Distillation columns, storage tanks and a tall stack releasing white vapour at an oil refinery under a clear blue sky, with a Valero sign near the fence.

Markets

Valero Reports Thursday Against a $21.23 Consensus. A Year Ago It Earned $3.66, and in the Second Quarter $12.54.

Valero Energy reports third-quarter results on Thursday 22 October. The consensus estimate on Nasdaq's earnings calendar is $21.23 a share, against $12.54 adjusted in the second quarter and $3.66 a year ago. Nothing has been reported yet.

By Daniel Okafor October 19, 2026

An aerial view of a large tanker with a green hull and red deck moored at a jetty of the Primorsk oil terminal, with a second tanker at a berth in the distance and forest along the shore.

The Numbers

The First Russian Diesel Cargo Since Washington's Licence Was 40,000 Tons, Bound for Morocco. U.S. Pump Diesel Is 9 Cents Higher Than on the Day the Licence Was Signed.

Russia resumed diesel export loadings at the Baltic port of Primorsk this week, and the first reported cargo, about 40,000 metric tons, is heading to Morocco, not the United States. Deputy Prime Minister Alexander Novak said U.S. deliveries need a contract, a vessel and two to three weeks. AAA put U.S. diesel at $6.32 a gallon on Sunday, against $6.23 when the Treasury licensed Russian diesel on 9 October.

By Daniel Okafor October 18, 2026

A cream and green heating oil delivery tanker truck parked on a residential street in front of brick apartment buildings.

Money

Moody's Zandi Puts the Iran War's Cost at Almost $2,000 a Household. Only $1,100 Is Energy, and Diesel Is Still 74 Per Cent Above Last Year.

Mark Zandi, chief economist at Moody's Analytics, estimates the war with Iran has cost the average U.S. household almost $2,000: $1,100 in energy, $540 in interest rates and $360 in military costs. AAA put regular gasoline at $4.30 and diesel at $6.32 a gallon on Sunday 18 October.

By Daniel Okafor October 18, 2026

Iran War

Tagged stories

Ryanair Flew 6 Per Cent More Passengers and Earned 15 Per Cent Less. Next Year's Extra €2 Billion of Fuel Works Out to About €9 a Passenger.

OPEC+ Left Its December Oil Targets Unchanged. Brent Ended the Week at $117.64, $12.64 Above Washington's Forecast for the Quarter.

Exxon and Chevron Earned $25.3 Billion Last Quarter. Refining Made Them Almost as Much as Pumping Oil, and Both Pumped Less.

The "Endless" Cruise Ship Paid $700 a Ton for Fuel Before the Iran War. It Stopped Sailing After Paying $2,000 to $3,000.

Valero Reports Thursday Against a $21.23 Consensus. A Year Ago It Earned $3.66, and in the Second Quarter $12.54.

The First Russian Diesel Cargo Since Washington's Licence Was 40,000 Tons, Bound for Morocco. U.S. Pump Diesel Is 9 Cents Higher Than on the Day the Licence Was Signed.

Moody's Zandi Puts the Iran War's Cost at Almost $2,000 a Household. Only $1,100 Is Energy, and Diesel Is Still 74 Per Cent Above Last Year.