Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Beach Energy's Dividend Cut Puts Capital Allocation Under Investor Spotlight
Beach Energy's 67% interim dividend cut has shifted investor focus to total returns and capital allocation. Euroz Hartleys says shareholders
BluEnergies Raises C$20.7M in Private Placement for Exploration Push
BluEnergies has closed a C$20.7 million private placement, selling 9.2 million units at C$2.25 each. Proceeds will fund exploration and work
Matador Resources to Buy EnCap-Backed Paloma Permian for $1.28 Billion
Matador Resources is spending $1.28 billion to buy EnCap-backed Paloma Permian, adding 16,235 undeveloped acres and 11,100 barrels of oil eq
Oil Prices Surge Past $99, Boosting Energy Stocks in Premarket Trading
Oil prices surged early Thursday, with WTI crude climbing 4.6% to $90.79 and Brent crude jumping 5.9% to $99.64. The rally boosted energy st
Oil Surge Past $99 Hits US Stocks as Red Sea Tanker Attacks Stoke Supply Fears
US stock futures fell as Brent crude climbed to $99.27 after Iran-backed Houthis attacked two Saudi oil tankers in the Red Sea. The escalati
Oil Surges Past $90 as Strait of Hormuz Traffic Slows and Houthi Attacks Mount
Oil prices jumped again Thursday, with WTI reaching $90.56, as the US-Iran conflict slowed traffic through the Strait of Hormuz and Houthi a
American Airlines Slashes Profit Forecast as Fuel Costs Surge on Iran Tensions
American Airlines lowered its profit forecast for the year, now projecting adjusted earnings per share between a 65-cent loss and a 65-cent
Centrica to Cut 1,300 Jobs as Profit Drops 18%, Accelerates AI Overhaul
Centrica, owner of British Gas, announced 1,300 job cuts after first-half adjusted core profit slid 18% to £737 million. The company is acce
Santos Cuts 2024 Production Outlook After Barossa Ramp-Up Misses Revenue Targets
Santos reported Q2 revenue of $1.35 billion, below the $1.57 billion consensus, as the Barossa gas project's ramp-up proved bumpy. The compa
Union Urges BP Investors to Intervene in Four-Month Refinery Lockout
The United Steelworkers union is urging BP investors to pressure the company to end a four-month lockout at its Whiting, Indiana, refinery.
RBC Says Halliburton's Next Growth Phase Depends on International Markets
RBC Capital Markets sees Halliburton's future growth coming from overseas operations, not domestic activity. The bank kept its outperform ra
Nigeria Issues $532 Million Bond to Clear Power Sector Debts
Nigeria has sold a 729 billion naira ($532 million) government-guaranteed bond to clear verified liabilities in its power sector. The move t