Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Occidental's Best Quarter Since 2022 Came From Pricier Oil
Occidental Petroleum posted its best quarterly profit since 2022, beating expectations with $2.40 per share. Higher oil prices and increased
Dangote refinery's $5B IPO may add a second listing on South Africa's JSE
Africa's richest man is taking his oil refinery public in a $5 billion IPO that will start in Nigeria. South Africa's JSE says it could add
EMP Metals completes lithium demo plant, targets Q3 start-up
EMP Metals has completed construction of its Project Aurora lithium-extraction demonstration plant in Saskatchewan, with start-up targeted f
India auto lobby retracts E20 fuel damage warning after dispute
India's auto industry group SIAM has walked back its warning that contaminated E20 gasoline was corroding vehicle parts, after the petroleum
Siemens Energy's record quarter rides AI data center demand
Siemens Energy delivered record third-quarter results, powered by US data center buildouts and Middle East power projects. Its wind turbine
Electric Guitar Extends Option on $6.9M Oklahoma Oil Deal
Electric Guitar has extended its option to buy Vega Upstream's oil-and-gas infrastructure in western Oklahoma. The $6.9 million deal could s
Tullow Oil lifts cash flow outlook, locks Ghana fields to 2040
Tullow Oil raised its free cash flow outlook to $170-$250 million and secured license extensions for its key Ghana fields through 2040. The
Dangote refinery's $5B IPO plan arrives as oil prices slide
Nigeria's Dangote refinery is planning a $5 billion IPO expected to conclude in October. The move comes as oil prices slide and markets moni
ADNOC Distribution Holds H1 Profit at $568M, Boosts Non-Fuel Retail
ADNOC Distribution held first-half net profit steady at $568 million and approved a 5.14-fils-per-share dividend. The fuel retailer is expan
Suncor beats profit forecasts on record refining output
Suncor beat second-quarter profit estimates thanks to record refinery throughput and fuel sales, even as upstream production dipped. The Can
EOG beats Q2 profit forecasts as oil prices jump on Iran fears
EOG Resources beat second-quarter profit forecasts as higher crude prices, tied to Iran war fears, lifted its realized oil price to $98.15 a
Marathon Petroleum's best quarter in four years came from chaos
Marathon Petroleum's second-quarter profit quadrupled to $5.14 billion as supply disruptions near the Strait of Hormuz pushed refining margi