By Aisha Nkemdirim
Covers oil, gas, metals, the energy transition and the commodities driving inflation.
EnCap explores $4B sale of oil producer Enduring Resources IV
Private equity firm EnCap Investments is exploring a sale of oil and gas producer Enduring Resources IV in a deal that could top $4 billion.
Oil prices slide 2.9%, dragging energy stocks lower
Crude prices slid, with WTI down 2.9% and Brent down 2.7%, dragging energy stocks lower. TotalEnergies bucked the trend after signing a 15-y
Vopak raises 2026 cash flow target again on strong storage demand
Dutch tank-storage operator Vopak raised its 2026 targets again, citing strong demand and new LNG projects. The company now expects proporti
Energy Stocks Slip as Marathon-CVR Refinery Deal and Global Asset Sales Reshape Oil Portfolios
Marathon Petroleum is selling two Midwest refineries to CVR Energy for $4.2 billion, a deal that includes a $750 million share offering from
Berenberg trims Aker BP target, flags dividend uncertainty beyond 2027
Berenberg trimmed its price target on Aker BP to NOK 345 from NOK 350 after updating forecasts post-Q3, keeping a hold rating. The bank sees
Nigeria's NNPC weighs small domestic IPO, later London or New York listing
NNPC's CEO says the state oil company could float 5%-10% domestically, with London or New York as possible follow-ons. The move is about gov
Drax and Brookfield plan 1-GW AI data center at UK power station
Drax is partnering with Brookfield and Radiant to build a 1-GW AI data center at its UK power station. The first phase is slated for early 2
KEPCO weighs asset sales to fund grid upgrades as debt limits spending
Korea Electric Power is reviewing sales of overseas power-plant stakes and unused real estate to help pay for grid modernization. The move f
Diamondback Energy tops Q3 profit forecasts on higher output and crude prices
Diamondback Energy topped Wall Street's third-quarter profit forecasts, helped by higher oil output and stronger crude prices. The Texas sha
RWE and KKR signal interest in buying state-owned Uniper
RWE's CEO has confirmed the utility is interested in buying Uniper with KKR, as Berlin weighs a sale or an IPO. A competitive auction could
Morgan Stanley raises Exxon target to $187 on refining strength
Morgan Stanley trimmed Exxon's fourth-quarter production estimate due to Middle East disruptions, yet raised its price target to $187. The b
Oil prices tumble 6% as crude slides to $97.83, dragging energy stocks lower
Oil prices slid sharply on Monday, with WTI crude dropping 6% to $97.83 a barrel. Energy stocks followed, pushing the Energy Select Sector S