Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Rhine river drought threatens Europe's supply chains as water levels drop
Europe's industrial artery, the Rhine river, is nearing critically low water levels due to extreme drought. Barges now carry just 800 tons v
Cenovus lifts output forecast after profit triples on higher oil and record production
Cenovus Energy raised its full-year output forecast after quarterly profit more than tripled. The Canadian producer benefited from higher oi
Nordex nearly doubles Q2 profit but holds steady on full-year outlook
Wind turbine maker Nordex posted a strong second quarter, with EBITDA nearly doubling to €224 million, beating its own analyst consensus. Ho
Elia's grid buildout drives 18% revenue jump to €2.56 billion in first half
Elia, Belgium's power transmission operator, posted €2.56 billion in first-half revenue, up 18% from a year earlier. The company kept its 20
Eni boosts buyback to €3.4 billion after profit doubles on strong oil output
Eni lifted its buyback plan by €600 million to €3.4 billion after adjusted net profit more than doubled to €2.3 billion in Q2. The outperfor
FirstEnergy profit rises as data center demand surges 30% since Q1
FirstEnergy's second-quarter profit rose as data center demand in its territory surged 30% since the first quarter. Adjusted earnings per sh
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