Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
BofA Downgrades Exxon to Neutral, Keeps Chevron as Top Pick on Middle East Risk
Bank of America Securities downgraded Exxon Mobil to neutral, saying its larger Middle East footprint limits upside. The bank kept Chevron a
US natural gas futures hit near three-month low on record output and mild weather
US natural gas futures sank to their lowest since late April as record output and milder weather forecasts cooled demand expectations. LNG e
Oil slides 5% to $78.51, dragging energy stocks lower as Bank of America cuts Exxon
Oil prices tumbled 5% on Tuesday, with WTI crude settling at $78.51 a barrel, and energy stocks followed suit. Bank of America Securities do
CMS Energy shifts focus to regulated grid, scales back unregulated renewables
CMS Energy is restructuring its NorthStar Clean Energy unit to focus on regulated grid spending, moving away from unregulated renewable deve
Saudi stocks dip as Strait of Hormuz diplomacy stirs oil market jitters
Saudi stocks slipped as traders focused on new diplomatic moves around the Strait of Hormuz. Oman reportedly floated a regional plan for man
HF Sinclair beats Q2 estimates, plans to spin off lubricants unit
HF Sinclair beat profit estimates in the second quarter and plans to spin off its lubricants and specialties unit into a standalone public c
Berenberg cuts Centrica price target on weaker energy outlook and rising bad debts
Berenberg cut its price target on Centrica to £2 from £2.30 after the company's July 23 first-half update. The bank cited a weaker Centrica
RBC Sees Galp Output Rising, But Investors May Stay Cautious
RBC Capital Markets has raised its production forecast for Galp Energia, but says investors may stay cautious until major projects deliver.
Barclays expects RWE to raise 2026 outlook after one-off gain and grid deal
Barclays thinks German utility RWE may raise its 2026 outlook when it reports first-half results on August 13. Two developments since March
Saipem cuts 2026 profit view after spending $70 million on Middle East security
Saipem lowered its 2026 earnings outlook after spending €70 million on security and logistics tied to the Middle East conflict. The Italian
Oil's 7.5% Plunge Rattles Markets Ahead of Fed Decision and Mega-Cap Earnings
WTI crude tumbled 7.5% to $82.61 after Trump revealed 'very deep talks' with Iran. The slide rippled through markets, firming Treasuries and
RBC Sees SLB's Revenue Growth Accelerating to 10% by 2027 on Offshore and Middle East Demand
RBC Capital Markets sees oilfield-services giant SLB's growth drivers aligning by 2027, forecasting 10% revenue growth and significantly hig