Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Shell closes $16.5B ARC deal, expands Canadian gas footprint
Shell has closed its $16.5 billion cash-and-shares acquisition of Canada's ARC Resources, adding about 370,000 barrels of oil equivalent per
BP offers new talks to end Whiting refinery lockout, union weighs options
BP has offered to resume contract talks with locked-out workers at its Whiting refinery, proposing direct meetings on Sept. 9 or 16 or a fed
KEPCO asks Samsung and SK Hynix to prepay power bills to fund grid
KEPCO has proposed that Samsung Electronics and SK Hynix prepay for electricity through 2031 to help finance new transmission lines and subs
US-Venezuela oil deal lifts bonds; Morgan Stanley sees output boost
A new US-Venezuela oil arrangement is boosting the country's bonds. Morgan Stanley says the NABEP plan could raise output to 1.5 million bar
Oil Holds Near One-Month High as Hormuz Shipping Risks Persist
Oil prices remain near one-month highs after US-Iran strikes raised supply fears, even as tankers continue moving through the Strait of Horm
Eneos expands overseas as Japan's fuel demand keeps shrinking
Eneos, Japan's largest refiner, is spending billions on overseas deals, including a $2 billion-plus purchase of Chevron's Asia downstream as
BP names Ian Tyler permanent chairman after Manifold ousted
BP has made Ian Tyler its permanent chairman, months after ousting Albert Manifold over governance concerns. The move aims to steady the boa
Oil tops $95 as US-Iran strikes stoke Strait of Hormuz fears
Oil prices climbed after US-Iran strikes raised fears of supply disruptions through the Strait of Hormuz. Brent touched $95.40, and Iran's R
Deep Yellow cedes control of Namibia uranium JV to Core Energy in AU$5M deal
Deep Yellow is letting Core Energy earn control of a Namibia uranium exploration joint venture in a two-step AU$5 million deal. The miner's
Azerbaijan's SOCAR to invest $1.65B in Comstock's Haynesville assets
Comstock Resources has signed a letter of intent with Azerbaijan's state oil company SOCAR for a $1.65 billion investment in minority stakes
Europe's gas prices hit 3-1/2-year highs as bond yields near 15-year peaks
European gas prices are at 3-1/2-year highs, and bond yields are near 15-year peaks. The gas market's backwardation discourages stockpiling,
Oil jumps 3.5% to $86.31, US stock futures dip after US-Iran strikes
Oil prices jumped 3.5% and US stock futures slipped in premarket trading after the US and Iran exchanged attacks. Energy stocks rose while b