By Aisha Nkemdirim
Covers oil, gas, metals, the energy transition and the commodities driving inflation.
Oil Holds Near $90 as Hormuz Shipping Slows on Tanker Attack Fears
Brent crude is hovering near $90 a barrel as tanker attacks and stalled diplomacy keep traders focused on the risk of a wider supply squeeze
New Zealand fuel prices drop sharply in July, easing pump pain
New Zealand drivers got a break in July as petrol fell 5.7% and diesel dropped more than 12% from June. Airfares rose, but fuel costs eased
RBC raises Vestas target to 250 kroner on margin confidence
RBC Capital Markets raised its price target on Vestas to 250 Danish kroner and boosted 2026-2028 earnings forecasts by 15-25% after meeting
Diversified Energy in early talks to buy Birch Resources for $1.7B
Diversified Energy is in early talks to buy Birch Resources, a deal that could top $1.7 billion. The acquisition would be a major move for t
Norsk Hydro restarts Alunorte after gas deal, but costs linger
Norsk Hydro is ramping its Alunorte alumina plant back to full capacity after a temporary gas supply deal. The disruption cut output by half
RBC Sees Kodiak Gas Services Poised for Multiyear Growth
RBC Capital Markets sees Kodiak Gas Services positioned for multiyear growth after a solid second quarter and a bump to the low end of full-
Saudi Energy's Q2 profit slips 7% despite 11% revenue growth
Saudi Energy's second-quarter net profit slipped 7% year-on-year to 4.89 billion riyals, even as revenue climbed 11% on regulated asset grow
Oil slips to $88.87 as big US stock build offsets Hormuz supply fears
Oil prices slipped as a 17.4 million-barrel US stockpile build and lower OPEC and IEA demand forecasts outweighed supply worries from the bl
Ørsted beats profit forecasts despite US project write-downs
Ørsted's Q2 profit beat expectations, but the Danish wind developer took a 1.2 billion crown hit on US projects as long-term rates rose. Ope
Fervo Energy shares tumble 15% on wider-than-expected Q2 loss and dilution
Fervo Energy shares fell more than 15% after the geothermal developer posted a wider-than-expected Q2 loss and a big jump in its diluted sha
Oil prices climb as Strait of Hormuz shipping risks resurface
Oil prices ticked up as fresh ship attacks and tougher messaging from Iran put the Strait of Hormuz back at the center of market worries. Br
Thyssenkrupp Nucera halts SOEC mass production, cuts outlook
Thyssenkrupp Nucera is abandoning plans to build its own mass-production for solid oxide electrolysis cells, taking a €30 million one-off ch