Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Oil Creeps Higher, Energy Stocks Follow; Gas Storage Build Exceeds Forecasts
Oil prices edged higher this week, with WTI climbing to $71.53, and energy stocks followed. Oilfield services jumped 2.2%, while natural gas
CME Explores Wind Derivatives for Power Markets in Texas, UK, Germany, Australia
CME Group is exploring new wind derivatives for major power markets, including Texas, the UK, Germany, and Australia's Victoria state. The c
Oil Dips, Gas Jumps, Energy Stocks Fall: Why 'Energy' Isn't One Trade
Oil prices edged down Thursday even as natural gas surged, highlighting a split in energy markets. The Energy Select Sector SPDR ETF slipped
Saudi Stocks Dip as Iraq's OPEC Exit Threat Rattles Oil Market Confidence
Saudi stocks slipped after Iraq signaled it could leave OPEC if production quotas remain tight. The Tadawul index fell 0.67%, reflecting inv
Palm Oil Falls for Third Day as Crude Slump Squeezes Biodiesel Demand
Malaysian palm oil futures fell for a third straight session as lower crude oil prices reduced the profitability of biodiesel blending. Even
Brent Crude Drops to $72.66 as Strait of Hormuz Shipping Normalizes
Brent crude fell to its lowest since late February as shipping through the Strait of Hormuz returned closer to normal. The US Energy Departm
Berenberg: Ithaca Energy Can Sustain North Sea Output and 11% Dividend Yield
Berenberg sees Ithaca Energy maintaining North Sea production above 120,000 boe/d into the 2030s, with an 11% cash dividend yield in 2026-20
Oil Slips to February Low as Strait of Hormuz Tanker Traffic Resumes
Brent crude dropped to its lowest since late February as tanker traffic through the Strait of Hormuz returned close to normal levels. The fu
SoftBank Eyes TEPCO Stake to Secure Power for AI Data Centers
SoftBank is proposing to take over Tokyo Electric Power Co. to secure reliable electricity for its AI data center builds. The move underscor
Hyperscale Data's Montana Power Boost Hinges on 2031 Transmission Line
Hyperscale Data's BNI Montana unit received a 'will serve' letter for up to 125 MW of additional electricity. However, the power depends on
Oil Prices Slide as Tankers Clear Strait of Hormuz, US Authorizes Iranian Sales
Oil prices dropped sharply as tankers cleared the Strait of Hormuz and the US authorized some Iranian oil sales. Brent crude fell 4.3% to $7
Chevron's 2.7 GW Project Kilby to Power Microsoft Data Centers in West Texas
Chevron is building Project Kilby, a 2.7-gigawatt power project in West Texas, to directly supply Microsoft's data centers. The 20-year behi