Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
SK and KKR Launch $1.5B Clean Power Platform for Korea's AI and Chip Boom
SK Inc. and private equity firm KKR are merging 1.7 gigawatts of renewable energy assets into a single clean-power platform worth 2 trillion
Oil Edges Up as Iran Refuses US Talks, Geopolitical Risk Premium Returns
Oil prices edged higher after Iran refused to meet US envoys, reigniting geopolitical risk in crude markets. The yen slid to fresh 40-year l
South32's Sierra Gorda JV Approves $725M Mill Expansion to Boost Copper Output
South32's Sierra Gorda joint venture in Chile has approved a $725 million expansion to add a fourth grinding line. The project will boost ca
UBS: Aramco's Faster Jafurah Drilling Could Boost NESR Revenue to $500M Quarterly
UBS expects Saudi Aramco's faster drilling at the Jafurah gas field to lift NESR's revenue toward $500 million per quarter from Q3. The bank
Williams Faces Seasonal EBITDA Dip in Q2 as Winter Demand Fades, UBS Says
UBS expects Williams' Q2 adjusted EBITDA to fall to $1.89B from $2.25B in Q1, driven by seasonal cooling after a harsh winter. The Aug. 3 ea
Energy Stocks Edge Lower as Oil Drops, Gas Rises; Air Products Jumps on Project Cancellation
Energy stocks mostly edged lower Tuesday as oil prices fell and natural gas rose. Air Products jumped 8% after canceling a major clean energ
Air Products Cancels Louisiana Clean Energy Project, Shares Rise on Capital Discipline
Air Products canceled its Louisiana Clean Energy Project after expected returns fell short of its criteria. Shares rose as investors welcome
China Resources New Energy IPO Could Raise 24.5 Billion Yuan in Shenzhen's Biggest Listing
China Resources New Energy, a wind and solar developer, is set to debut on Shenzhen's main board on July 2 after a heavily oversubscribed IP
BP Trading Chief Carol Howle to Retire as Leadership Overhaul Reaches Key Profit Engine
BP's leadership reset has reached its trading operation, a major profit driver. Deputy CEO Carol Howle will retire after 26 years, and Sam S
Shell Nears $1 Billion Sale of South African Fuel Stations to Adnoc
Energy ETFs edged up premarket Tuesday after Bloomberg reported Shell is close to selling over 600 fuel stations in South Africa to Adnoc's
Oil Prices Plunge Toward Worst Quarter Since 2020 on Supply Hopes and Iran Talks
Oil prices are on track for their worst quarter since early 2020, with Brent crude at $73.30 and WTI at $71.11. Traders are weighing potenti
Panasonic Targets US Battery Supply Chain for Data Center Energy Storage
Panasonic is shifting its US battery strategy toward data centers, aiming to mass-produce Kansas-made cells for energy storage by March 2029