Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Equatorial and Iberdrola Circle Enel's Brazil Assets as Regulators Weigh Concession Renewal
Brazil's Equatorial and Spain's Iberdrola are reportedly circling Enel's Brazil power assets. The would-be buyers want regulators to tie Ene
Saturn Oil & Gas Extends Credit Facility to 2029, Boosts Capacity to C$200M
Saturn Oil & Gas has extended its syndicated credit facility to July 2029 and raised its elected commitment to C$200 million. The move stren
Oil Slips to $68.55 as Strait of Hormuz Traffic Resumes and OPEC+ Boosts Output
WTI crude settled at $68.55 a barrel, its lowest since February, as shipping through the Strait of Hormuz normalized and OPEC+ added supply.
Energy Stocks Split as Oil Slips to $68.42, Natural Gas Climbs to $3.23
Energy stocks showed mixed performance on Monday as oil prices slipped and natural gas rose. WTI crude fell 0.4% to $68.42 a barrel, while H
RBC Trims Aker BP's Q2 Output Forecast, Raises Price Assumptions Ahead of Earnings
RBC Capital Markets lowered its second-quarter production estimate for Aker BP to 384,000 barrels of oil equivalent per day. The bank also r
Oil Edges Up as OPEC+ Approves Another 188,000 bpd Supply Hike for August
Oil prices inched up even as OPEC+ approved another 188,000 barrels per day of additional supply for August. Brent crude hovered near $72, s
ANZ: Higher Lithium Prices Could Restart Three Idled Australian Mines
ANZ reports that higher lithium prices could restart three idled Australian mines—Bald Hill, Ngungaju, and Finniss. The bank has raised its
CATL Invests in CarbonScape to Turn Forestry Waste into Battery Graphite
CATL, the world's largest battery maker, is acquiring a 20% stake in New Zealand startup CarbonScape. The partnership aims to scale producti
India Defends E20 Petrol Rollout as Safety Concerns Spread Among Drivers
India is pushing ahead with mandatory E20 petrol (20% ethanol), as officials and automakers say it's safe for older cars. Service data from
China Orders Biggest Fuel Price Cut in Six Years as Demand Weakens
Beijing ordered its largest fuel price cut in over six years, lowering gasoline and diesel ceilings by up to 950 yuan per ton. The move foll
KKR's Japanese Tank Terminal Draws Bids from MBK, Actis, Bain Capital
KKR is selling Central Tank Terminal, a Japanese storage and logistics firm for oil and chemicals. Bidders include MBK Partners, Actis, and
Oil Prices Steady as Tankers Clear Strait of Hormuz, Market Flips to Contango
Brent crude held near $71.87 a barrel as more tankers cleared the Strait of Hormuz, easing fears of an immediate supply crunch. The futures