By Aisha Nkemdirim
Covers oil, gas, metals, the energy transition and the commodities driving inflation.
Oil Hits $84.50 as Traders Weigh Iran Conflict Risk Against Cooling US Inflation
Oil prices climbed to $84.50 a barrel as markets grapple with the risk of supply disruptions from the Iran conflict. Meanwhile, softer US in
Oil Prices Dip as Traders Weigh Real Risk of Strait of Hormuz Disruption
Oil prices turned lower after an early rise as markets weighed fresh US strikes on Iran and threats around the Strait of Hormuz. Brent slipp
Aegis Launches UL-Certified Battery Systems, Takes Stake in Indigenous Energy Firm
Aegis Critical Energy Defense is expanding in North America's defense energy storage market with two new UL 9540-certified battery systems a
BP to Shut Venture Arm, Sell Stakes in Over 10 Startups to Private Equity Firm Verdane
BP is shutting down its corporate venture capital arm, bp Ventures, and selling minority stakes in over 10 startups to private equity firm V
Standard Nuclear Slashes IPO Size and Price, Valuation Drops 32%
Standard Nuclear has sharply reduced its IPO plans, now offering 10 million shares at $15 each instead of 18.25 million at $18-21. The move
Codelco's Maricunga Lithium Project Faces Eight-Year Wait, Regulatory Hurdles
Codelco's Maricunga lithium project with Rio Tinto is still eight years from production. The joint venture awaits approvals in Chile and Chi
Oil Hits One-Month High as Strait of Hormuz Closure Tightens Supply
Oil prices climbed to a one-month high as renewed US-Iran fighting kept the Strait of Hormuz closed. WTI rose to $79.71 and Brent to $85.23,
RBC Boosts Shell EPS Forecasts, Sees ARC Deal Strengthening LNG Ambitions
RBC Capital Markets resumed coverage of Shell with a sector perform rating and £40 price target. The bank raised its 2026-2028 earnings esti
Aker BP Posts Strong Q2 Profit, Raises 2026 Spending Guidance to $6.8-7.2 Billion
Aker BP's second-quarter profit jumped to $3.35 billion, beating analyst estimates. The Norwegian oil producer also raised its 2026 capital
Shell's $16.4 Billion ARC Acquisition Gets 99.54% Shareholder Approval
ARC Resources shareholders approved Shell's $16.4 billion acquisition with 99.54% of votes in favor. The deal, which still requires regulato
Brent's Backwardation Returns as Strait of Hormuz Risks Tighten Oil Supply
Brent crude's front-month price surged to a one-month high, with the prompt contract trading $8.92 above the six-month contract as tanker tr
RBC Boosts Galp Profit Forecast on Strong Refinery Output and Margins
RBC lifted its adjusted net income forecast for Galp Energia to €518 million ahead of its July 27 earnings. The bank points to near-100% ref