Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Shell's trading desks turn market volatility into a $9.8 billion quarter
Shell reported second-quarter adjusted earnings of $9.84 billion, more than double last year, as volatile energy markets boosted its trading
AEP raises profit forecast as data center power demand surges
American Electric Power raised its full-year profit forecast to $6.25-6.55 a share, driven by data center demand. Take-or-pay contracts with
RBC says Eni's bigger buyback could lift shares after Q2 results
RBC Capital Markets updated its forecasts for Eni after the Italian energy company's second-quarter results. The bank says a larger share bu
Shell beats Q2 profit estimates on strong trading, keeps $3 billion buyback pace
Shell posted $9.84 billion in adjusted Q2 earnings, topping expectations, as its trading operation cushioned Qatar disruptions. The oil majo
Fusion Startup Commonwealth Raises $1 Billion for Virginia Power Plant
Commonwealth Fusion Systems raised $1 billion in equity to fund its first ARC fusion power plant in Virginia. The startup aims to commercial
Tsingshan Halts Nickel Exports as Indonesia Tightens Cargo Inspections
Tsingshan has paused exports of nickel products from its Indonesian smelters after the country tightened inspections on outbound cargo. The
Japan invests $47.7 million in Namibia rare earths project to cut China reliance
Japan's state-backed minerals agency JOGMEC is investing up to C$47.7 million in Toyota Tsusho's Lofdal rare earths project in Namibia. The
PLS Group sells more lithium than it produces, flags softer September quarter
PLS Group sold more lithium than it produced in the June quarter, moving 249,900 tonnes at $2,107 a tonne while output slipped to 214,300 to
Ampol's Lytton refinery margin surges on Strait of Hormuz disruptions
Ampol's Lytton refinery saw its refining margin more than triple in the second quarter, jumping to $30.93 a barrel from $8.71 a year earlier
Oil prices slip as tankers bypass Strait of Hormuz via Red Sea
Brent crude slipped 0.9% to $87.30 as tankers increasingly bypass the blocked Strait of Hormuz via the Red Sea. The shift eases immediate su
EDP profit holds steady as renewables and networks offset weak power prices
EDP's first-half recurring profit came in at €753 million, roughly flat from last year but ahead of forecasts. Renewables and regulated netw
US natural gas prices linger near three-month low as record output swamps demand
US natural gas futures ticked up but stayed near a three-month low. Record output in the Lower 48 and softer demand from LNG export terminal