Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Shell Advances Venezuela Gas Project, Halliburton Wins Saudi Aramco Deal, Boosting Energy Stocks
Energy stocks edged higher after Shell advanced its Dragon offshore gas project in Venezuela and Halliburton landed a multiyear contract wit
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,
Berenberg Raises BP Price Target to £6 on Faster Debt Reduction
Berenberg raised its price target on BP to £6 after the oil giant's upbeat Q2 update highlighted faster debt reduction. Net debt guidance of
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
Oil Holds Below $86 as Traders Weigh US Strikes on Iran and Cooler Inflation
Brent crude remains stuck below $86 a barrel as the US launches a fourth straight day of strikes on Iran, while a surprisingly benign inflat
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
IGO Sells Nova Nickel Plant to Global Lithium for AU$7 Million, Targeting Mid-2027 Output
IGO is selling the processing plant from its Nova nickel site to Global Lithium for AU$7 million. The buyer plans to retrofit the facility t
Trump Abandons Strait Toll, Tightens Iran Shipping Blockade; Oil Edges Up
President Trump scrapped a plan to impose a 20% toll on cargo ships transiting the Strait of Hormuz, replacing it with Gulf trade deals and
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
Oil Prices Surge Past $80, Boosting Energy Stocks as BP Warns of $1B Charge
Oil prices surged Tuesday, pushing WTI crude above $80 a barrel and Brent past $86, giving energy stocks a premarket boost. Meanwhile, BP wa
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