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Energy & Commodities

Oil, gas, metals and the energy transition driving inflation and markets.

Ignis targets €600M Madrid IPO to fund grid and data center push
Energy

Ignis targets €600M Madrid IPO to fund grid and data center push

Ignis, a Spanish renewable energy company, has filed an updated prospectus for a Madrid IPO of up to €600 million. The founder-controlled fi

Priya Raman ·
Oil climbs near $97 as Hormuz tanker strikes raise supply fears
Breaking

Oil climbs near $97 as Hormuz tanker strikes raise supply fears

Oil prices climbed as US and Iranian forces struck vessels near the Strait of Hormuz, threatening a key shipping route. Brent traded near $9

Aisha Nkemdirim ·
Oil slips but Baker Hughes and Dorian LPG gain on deal news
Energy

Oil slips but Baker Hughes and Dorian LPG gain on deal news

WTI slipped to $90.31 and Brent to $94.54 on Friday, but Baker Hughes and Dorian LPG bucked the trend on company-specific news. Here's what

Aisha Nkemdirim ·
RBC lifts BP profit forecasts on strong refining outlook through 2027
Energy

RBC lifts BP profit forecasts on strong refining outlook through 2027

RBC Capital Markets raised its earnings forecasts for BP through 2028 after meeting with CFO Kate Thomson. The bank sees refining profits st

Priya Raman ·
Oil posts weekly gain as Hormuz shipping traffic drops
Energy

Oil posts weekly gain as Hormuz shipping traffic drops

Oil prices slipped Friday but still ended the week sharply higher, with Brent up 6.5%. Shipping data shows fewer vessels crossing the Strait

Priya Raman ·
BofA: SSE's grid buildout can keep growing past 2030
Energy

BofA: SSE's grid buildout can keep growing past 2030

After visiting SSE's transmission operations in Scotland, BofA analysts say the grid operator can extend its investment program beyond the c

Aisha Nkemdirim ·
Stanmore to pay $105m for Moranbah South coal tenements in Queensland
Energy

Stanmore to pay $105m for Moranbah South coal tenements in Queensland

Stanmore Resources will pay Exxaro $105 million for the Moranbah South coal tenements in Queensland, but only after Exxaro first takes full

Priya Raman ·
NexGen's Rook I could supply 14% of global uranium demand by early 2030s
Energy

NexGen's Rook I could supply 14% of global uranium demand by early 2030s

Jefferies initiated coverage of uranium developer NexGen Energy, highlighting its Rook I project as a potential major supplier. The bank see

Aisha Nkemdirim ·
RBC: Gulf Coast gas demand could jump 20 Bcf/d by 2030, aiding Expand Energy
Energy

RBC: Gulf Coast gas demand could jump 20 Bcf/d by 2030, aiding Expand Energy

RBC Capital Markets sees Expand Energy benefiting from a projected 20 Bcf/d rise in Gulf Coast natural-gas demand by 2030, fueled by LNG ter

Priya Raman ·
Utilities tap Google AI to cut costly weather forecast misses
Energy

Utilities tap Google AI to cut costly weather forecast misses

NextEra Energy and Santee Cooper are swapping legacy weather software for Google AI systems. The move follows Santee Cooper's disclosure tha

Aisha Nkemdirim ·
Orlen says Polimery Police buyout on track despite arbitration
Energy

Orlen says Polimery Police buyout on track despite arbitration

Orlen's CEO says the Polimery Police buyout is still on track, despite LyondellBasell launching arbitration. The deal includes 1.35 billion

Priya Raman ·
Oil Holds Above $95 as Trump Downplays Iran Risk, US Claims Control of Hormuz
Energy

Oil Holds Above $95 as Trump Downplays Iran Risk, US Claims Control of Hormuz

Brent crude held above $95 a barrel as President Trump talked down the Iran risk, even as the US claimed control of the Strait of Hormuz. In

Aisha Nkemdirim ·