Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
American Airlines Slashes Profit Forecast as Fuel Costs Surge on Iran Tensions
American Airlines lowered its profit forecast for the year, now projecting adjusted earnings per share between a 65-cent loss and a 65-cent
Centrica to Cut 1,300 Jobs as Profit Drops 18%, Accelerates AI Overhaul
Centrica, owner of British Gas, announced 1,300 job cuts after first-half adjusted core profit slid 18% to £737 million. The company is acce
Santos Cuts 2024 Production Outlook After Barossa Ramp-Up Misses Revenue Targets
Santos reported Q2 revenue of $1.35 billion, below the $1.57 billion consensus, as the Barossa gas project's ramp-up proved bumpy. The compa
Union Urges BP Investors to Intervene in Four-Month Refinery Lockout
The United Steelworkers union is urging BP investors to pressure the company to end a four-month lockout at its Whiting, Indiana, refinery.
RBC Says Halliburton's Next Growth Phase Depends on International Markets
RBC Capital Markets sees Halliburton's future growth coming from overseas operations, not domestic activity. The bank kept its outperform ra
Nigeria Issues $532 Million Bond to Clear Power Sector Debts
Nigeria has sold a 729 billion naira ($532 million) government-guaranteed bond to clear verified liabilities in its power sector. The move t
Laramide Resources Values Queensland Uranium Project at $456 Million
Laramide Resources has released an updated economic study for its Westmoreland uranium project in Queensland, estimating a $456 million cons
US Natural Gas Futures Rise 2.5% as Heat Wave Boosts Cooling Demand
US natural gas futures rose 2.5% to $2.94 per mmBtu as a broad heat wave boosted air-conditioning demand. Traders are watching Thursday's EI
Highway Holdings and Huahu New Energy Plan $3.5M Joint Venture for Global Markets
Highway Holdings has signed a non-binding letter of intent with China's Guangdong Huahu New Energy Technology to form a joint venture. The d
HPCL Posts $1.4 Billion Quarterly Loss as Soaring Crude Costs Squeeze Fuel Margins
Hindustan Petroleum reported a massive quarterly loss as rising crude oil prices pushed its fuel marketing margins into negative territory.
Naturgy Raises Profit Forecast as Regulated Grids Offset Weak Energy Markets
Naturgy raised its full-year profit forecast after regulated power grids boosted first-half earnings. Distribution network EBITDA jumped 13.
Brookfield Renewable to Merge Dual-Listed Entities into Single Public Company by Late 2026
Brookfield Renewable will swap most partnership units for shares to create a single public company. The move, expected by late 2026, aims to