Matt Egan
- Indexed articles, last 90 days
- 2
- Latest publication
- Aug 19, 2026
- Outlet visibility, for Fox13Now
- Top 100K sites
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- Jul 31, 2026
Latest articles
Red lights are flashing in energy markets (opens the original)
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(CNN) â Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface. What initially began as an oil supply shock caused by the Strait of Hormuz blockage is morphing into a fuel supply crisis. Refineries face a perfect combination of war and export restrictions, which is limiting how much crude oil they can turn into the gasoline, jet fuel and diesel that powers the global economy. A key measure of refining profitability, known as the diesel crack sp
Exxon made $160 million per day last quarter as oil prices surged (opens the original)
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ExxonMobil and Chevron, the two biggest US oil companies, reported its second-quarter profits on Friday as oil prices remain high because of the war in iran. Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since 2022. Broken down, Exxon made about $160 million per day last quarter. Chevron, the No. 2 US oil company, posted a profit of $12.1 billion, more than quadrupling the $2.5 billion it made in the same peri
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