Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Diversified Energy in early talks to buy Birch Resources for $1.7B
Diversified Energy is in early talks to buy Birch Resources, a deal that could top $1.7 billion. The acquisition would be a major move for t
FTSE 100 set to open higher as oil gains on Iran blockade threat and BP's Venezuela deal
The FTSE 100 is set to open higher as oil prices tick up on US threats of a naval blockade on Iran, and BP signs a deal to develop a major g
Oil prices slide despite escalating US-Iran rhetoric over Strait of Hormuz
Oil prices fell even as US and Iranian officials traded claims of control over the Strait of Hormuz. WTI slid 2.6% and Brent 2.4%, suggestin
Norsk Hydro restarts Alunorte after gas deal, but costs linger
Norsk Hydro is ramping its Alunorte alumina plant back to full capacity after a temporary gas supply deal. The disruption cut output by half
RBC Sees Kodiak Gas Services Poised for Multiyear Growth
RBC Capital Markets sees Kodiak Gas Services positioned for multiyear growth after a solid second quarter and a bump to the low end of full-
Gulf stocks mixed as Hormuz shipping risks clash with softer oil demand
Gulf stock markets were mixed as Brent crude slipped 1.7% to $87.44 a barrel, with shipping disruptions around the Strait of Hormuz offset b
Dana Gas Q2 profit rises 10% but misses FAB target on Khor Mor disruptions
Dana Gas reported a 10% rise in Q2 net profit to $33 million and a 41% jump in revenue to $113 million, yet both fell short of FAB Securitie
Saudi Energy's Q2 profit slips 7% despite 11% revenue growth
Saudi Energy's second-quarter net profit slipped 7% year-on-year to 4.89 billion riyals, even as revenue climbed 11% on regulated asset grow
SMA Solar's order backlog jumps 50% on AI-driven storage demand
SMA Solar's order backlog jumped 50% to about €1.75 billion by end-June, driven by AI-led electricity demand for flexible storage. The Germa
Oil slips to $88.87 as big US stock build offsets Hormuz supply fears
Oil prices slipped as a 17.4 million-barrel US stockpile build and lower OPEC and IEA demand forecasts outweighed supply worries from the bl
Ørsted beats profit forecasts despite US project write-downs
Ørsted's Q2 profit beat expectations, but the Danish wind developer took a 1.2 billion crown hit on US projects as long-term rates rose. Ope
Fervo Energy shares tumble 15% on wider-than-expected Q2 loss and dilution
Fervo Energy shares fell more than 15% after the geothermal developer posted a wider-than-expected Q2 loss and a big jump in its diluted sha