Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Oil Surges 7% on Report Trump Weighs 20% Toll on Strait of Hormuz Shipping
Oil prices surged roughly 7% after the Associated Press reported President Trump is considering a 20% toll on eligible cargo passing through
California Resources Ramps Up Drilling Speed, but UBS Cuts Profit Forecast and Price Target
UBS acknowledges California Resources is drilling faster than expected in California and Utah, but the bank lowered its Q2 profit outlook an
DAX Edges Up as Low EU Gas Storage Raises Profit Risk for German Industry
The DAX inched higher on softer trade data, but a warning from ING that EU gas storage is well below average raises the risk of volatile ene
Oil Spikes 4.8% as Iran Claims Strait of Hormuz Closure After US Strikes
Oil prices surged after Iran said it closed the Strait of Hormuz, a key shipping chokepoint, following a weekend of US-Iran strikes. Brent c
Oil Surges Past $79 as Trump Reinstates Naval Blockade on Iran, Strait of Hormuz in Focus
Brent crude rose above $79 as President Trump's reinstated naval blockade on Iran refocused traders on shipping risks through the Strait of
Williams Partners With Blackstone, Apollo, KKR to Fund $5.34B AI Power Projects
Williams is bringing in a Blackstone-led group to fund new power plants for AI and data centers. The deal sells a $5.34 billion, 49% noncont
Greenfire Acquires Connacher Oil and Gas in C$1.27 Billion Deal, Targets 65,000 bpd
Greenfire Resources has agreed to acquire Connacher Oil and Gas for about C$1.27 billion in cash, adding the Great Divide oil sands project.
Oil Surge Lifts Energy Stocks as Crude Hits $74, Natural Gas Slips
Energy stocks got a boost Monday as oil prices surged, with WTI crude climbing 3.8% to $74.09 a barrel and Brent rising 3.6% to $78.76. Mean
Oil Surge on Strait of Hormuz Tensions Lifts Canada's TSX Futures
Crude oil rose more than 2% after new US-Iran attacks raised fears of disrupted shipments through the Strait of Hormuz. Canada's TSX futures
De Beers Halts Production at South Africa's Largest Diamond Mine for Two Years
De Beers is halting production at Venetia, its biggest South African mine, for two years as rough diamond demand remains weak. The move will
Oil Jumps 4% on Strait of Hormuz Fears as FTSE 100 Edges Higher
Oil climbed more than 4% as fresh US-Iran attacks revived fears of Strait of Hormuz disruption. London's FTSE 100 edged up 0.21%, while gold
Oil Surges Over 4% as US-Iran Strikes and Strait of Hormuz Closure Rattle Markets
Oil prices surged over 4% as fresh US-Iran strikes and Tehran's closure of the Strait of Hormuz threaten global crude supplies. The move sto