By Aisha Nkemdirim
Covers oil, gas, metals, the energy transition and the commodities driving inflation.
Berenberg cuts Centrica price target on weaker energy outlook and rising bad debts
Berenberg cut its price target on Centrica to £2 from £2.30 after the company's July 23 first-half update. The bank cited a weaker Centrica
Saipem cuts 2026 profit view after spending $70 million on Middle East security
Saipem lowered its 2026 earnings outlook after spending €70 million on security and logistics tied to the Middle East conflict. The Italian
RBC Sees SLB's Revenue Growth Accelerating to 10% by 2027 on Offshore and Middle East Demand
RBC Capital Markets sees oilfield-services giant SLB's growth drivers aligning by 2027, forecasting 10% revenue growth and significantly hig
Berenberg lifts Repsol target to €31 on strong refining margins and buybacks
Berenberg raised its price target on Repsol to €31 after the Spanish energy giant beat Q2 expectations and sped up share buybacks. Strong re
TotalEnergies gas trading could rebound in Q3 after $800 million LNG profit drop
TotalEnergies' LNG trading profit plunged $800 million in Q2, but Berenberg says gas prices have since rebounded. The bank trimmed its 2026-
RBC Sees Glencore Benefiting from Tighter Gas Markets and Volatility
RBC Capital Markets expects Glencore to benefit from tighter natural gas and LNG markets, which could boost its energy marketing earnings. T
Devon Energy May Sell $4 Billion in Shale Assets to Focus on Permian Basin
Devon Energy is weighing a sale of its Eagle Ford and Powder River shale assets that could raise more than $4 billion. The move would sharpe
SLB Shares Surge Over 10% on Strong Q2 Earnings Despite Oil Price Drop
Oil prices slid on Friday, with WTI falling 3% and Brent dropping 3.9%, yet SLB shares climbed more than 10% after the company's Q2 earnings
Helium Evolution Raises C$25 Million for Saskatchewan Drilling Push
Helium Evolution is raising C$25 million through a private placement to fund drilling in Saskatchewan. The deal, backed mostly by new intern
Oil Slips on Friday but Posts 11% Weekly Gain as Middle East Tensions Persist
Brent crude dipped 2.77% to $97.90 a barrel on Friday, yet still posted an 11% weekly gain. Attacks near the Red Sea and jitters around the
Neste's Strong Renewable Margins Fail to Lift Earnings, Stock Drops 8%
Neste's renewable fuel margins surged to $1,223 per ton in Q2, but adjusted EBITDA of €1.20 billion fell short of expectations. The stock dr
RBC Upgrades Karoon Energy After Strong Quarter, Sees Brighter Second Half
RBC Capital Markets upgraded Karoon Energy after a stronger-than-expected second quarter, driven by two cargoes from Brazil's Baúna field. R