Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
EDF weighs preferred equity sale to reshape Edison stake
EDF is exploring a preferred equity sale to reshape its Edison stake, a move that could bring in fresh cash while protecting new investors f
Norfund commits up to $100M to India's AMPIN for renewables push
Norfund, a Norwegian government fund, is investing up to $100 million in India's AMPIN Energy Transition. The capital will help AMPIN scale
Trafigura seeks $500M for new VLCC shipping spinoff Volare
Commodity giant Trafigura is spinning off its supertanker business into a new company, Volare Shipping, and seeking $500 million from invest
Morgan Stanley backs Amber Electric's €49M home battery push
Morgan Stanley Investment Management led a €49 million Series E for Amber Electric, an Australian firm whose software automates home batteri
Berenberg lifts Galp cash flow and buyback forecasts, keeps €22 target
Berenberg lifted its cash flow and buyback forecasts for Galp Energia, citing strong refining margins and the Bacalhau ramp-up. But it kept
Oil's mixed signals leave global markets guessing on supply
Brent crude fell 2% as traders balanced signs that Saudi barrels are still flowing against unusually light shipping through the Strait of Ho
Mubadala in talks to buy minority stake in Italy's Ansaldo Energia
Abu Dhabi's sovereign wealth fund Mubadala is in talks to buy a minority stake in Italy's Ansaldo Energia, while state-backed CDP Equity wou
Bangladesh raises fuel prices again as oil import losses mount
Bangladesh raised fuel prices again, with diesel up 17.4% to 135 taka per liter, as the government tries to curb losses from importing oil a
European stocks slip 1.1% as Saudi Aramco warns of crude supply cuts
European stocks closed down 1.1% after Bloomberg reported Saudi Aramco warned some European refiners they may receive no crude next month. T
Aker BP gets earnings boost from higher oil and gas price forecasts
Aker BP received a forecast lift from AlphaValue/Baader Europe after the broker raised its oil and gas price assumptions. Despite higher ear
BofA upgrades Equinor to buy on stronger gas price outlook
Bank of America upgraded Equinor to buy, raising its price target to 465 Norwegian kroner after lifting European gas price forecasts. The ba
AirAsia CEO: Fuel Price Surge Isn't a Repeat of Pandemic Crisis
AirAsia's CEO Tony Fernandes says demand is holding up even after jet fuel jumped 66% in the second quarter. He insists the airline isn't fa