Planet Labs’ Latest Pelican Satellite Heads to SpaceX Launch
Planet Labs shares traded higher after Pelican-12 arrived at Cape Canaveral ahead of its launch aboard SpaceX’s Bandwagon-5 rideshare mission.
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Trump Is Playing Chicken With the Country That Fuels Half of America — During a Global Energy Crisis
Trump’s new Canadian tariffs threaten U.S. energy security and could push gasoline toward $5/gal amid global supply strain.
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Could Trump Ban Diesel Exports? Here's What Prediction Markets Say
Traders see just an 11% chance of a diesel export ban this month as Goldman warns restrictions could eventually raise gasoline prices.
Shares of oil and gas companies are trading higher after Chinese refiners suspended October fuel exports, adding to the global refined products shortage as the Middle East conflict continues to tighten supplies. Also, the U.S. may send a third aircraft carrier strike group as President Trump mulls over additional attacks on Iran after the midterm elections.
Shares of oil and gas refining and marketing companies are trading higher. Catalysts include EIA data showing a combined diesel and gasoline inventory drawdown of almost 4 million barrels, almost quadrupling the consensus estimate, and possible investor optimism that the Trump administration will avoid an outright ban on diesel exports amid corporate pushback.