Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Aggreko files for NYSE IPO as data center demand for power surges
Aggreko, a temporary power and cooling provider, has filed for a New York Stock Exchange IPO. The company says data center demand nearly dou
ExxonMobil to automate half its Permian rigs by 2028
ExxonMobil told Reuters it will expand robotics-enabled drilling to half its Permian Basin rigs by 2028. The move aims to cut costs and boos
Oil prices ease as traders await US sanctions on Iran
Oil prices pulled back from recent highs as traders locked in gains and waited for details on fresh US sanctions against Iran. Brent fell to
Nano Nuclear, Tillman sign framework for 2 GW of AI data center power
Nano Nuclear Energy and Tillman Global have signed a nonbinding framework to explore building 2 gigawatts of advanced nuclear power for US A
Southeast Asia's budget airlines struggle to pass on soaring fuel costs
Southeast Asia's budget airlines are hiking fares, but jet fuel near $183 a barrel and weaker local currencies are still squeezing profits.
Shell's US chemicals unit draws $8B interest from Exxon, Apollo
Shell is selling its US chemicals business, which has drawn interest from ExxonMobil, LyondellBasell, Apollo, and Kuwait Petroleum. Non-bind
Ampol's record profit as refining margins triple on Middle East disruptions
Ampol's first-half profit hit a record A$857.2 million as refining margins more than tripled to $28.26 a barrel. Middle East supply disrupti
RBC sees MPLX's next growth wave from its project pipeline
RBC Capital Markets expects MPLX to enter a faster growth phase in 2027 as several major projects come online. The bank says the pipeline op
Adnoc Distribution picks Reatile as local partner for Shell South Africa deal
Adnoc Distribution has chosen Reatile Group as its local partner for the $1 billion purchase of Shell's South African downstream business. T
Oil hits three-week high as Iran conflict keeps Hormuz in focus
Oil prices climbed to a three-week high as the Iran conflict keeps traders focused on the Strait of Hormuz. Brent reached $93.81 and WTI $88
BofA raises Ithaca Energy target, sees more dividend upside
Bank of America raised its price objective for Ithaca Energy to £2.85, pointing to higher production and a cashflow-linked dividend policy.
Oil Holds Near $92 as US Weighs Routes Around Strait of Hormuz
Brent crude hovered just under $92 a barrel as the US tightened pressure on Iran and explored alternative shipping routes around the Strait