Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
BGN in early talks to secure DRC cobalt supply via offtake deals
BGN is negotiating offtake deals for cobalt from the DRC, the world's top producer. With concentrate exports banned and hydroxide quotas in
Oil eases on Iran shipping talks, but Hormuz risk keeps markets on edge
Oil prices eased Friday after reports of possible temporary Iran shipping talks, but record US diesel prices and thinner tanker traffic thro
KKR and Blackstone exit Acciona Energia stake talks as rates bite
KKR and Blackstone have reportedly pulled out of talks to buy a stake in Acciona Energia, with higher interest rates making the deal less at
Italy extends diesel tax cut and fast-tracks drilling permits
Italy has extended its 17-euro-cent diesel tax cut until September 17 and will appoint commissioners to accelerate hydrocarbon drilling perm
Palm oil futures climb as crude nears $100 and ringgit weakens
Malaysian palm oil futures climbed to 4,906 ringgit a ton, supported by firmer crude oil and a weaker ringgit, even as early export data sof
Oil jumps 5.7% as Houthi capture of Yemen port threatens Red Sea shipping
Oil prices jumped 5.7% after Iran-aligned Houthi forces captured Yemen's port city of Mocha, tightening their control over the Bab el-Mandeb
Oil tops $100 as tanker attacks near Strait of Hormuz stoke supply fears
Oil prices jumped back above $100 a barrel after a spike in tanker attacks near the Strait of Hormuz raised fears of shipping delays. Brent
Ryanair sees winter fares firm up, but oil remains the wildcard
Ryanair's CEO says winter ticket prices are looking flat to slightly higher after a small upturn since July. But the airline's outlook still
BofA Raises Oil Forecasts, Sees ADNOC Gas Benefiting from LNG Spot Exposure
Bank of America raised its oil price outlook for 2026 and 2027, and says ADNOC Gas could see an extra earnings lift because about 20% of its
Saudi factory output falls less in July as oil rebounds monthly
Saudi Arabia's industrial production fell 8.1% year-on-year in July, though the drop was less severe than recent months. A sharp monthly reb
Brent Crude Holds Above $100 as US-Iran Shipping Attacks Raise Supply Fears
Brent crude remains above $100 a barrel despite a slight dip, as US-Iran shipping attacks keep supply risks front and center. Traders are wa
Enbridge to buy Tallgrass crude pipeline business for $2.55B
Enbridge is buying Tallgrass Energy's crude-oil pipeline and storage business for $2.55 billion in cash. The deal adds a majority stake in t