Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
Baker Hughes rides record $10.5 billion order book to Q2 profit beat
Baker Hughes reported a record $10.5 billion in new orders during Q2, a 49% jump that helped the energy technology firm beat profit expectat
Devon Energy May Sell $4 Billion in Shale Assets to Focus on Permian Basin
Devon Energy is weighing a sale of its Eagle Ford and Powder River shale assets that could raise more than $4 billion. The move would sharpe
Oil Prices Slide on China-Brokered US-Iran Talks, But Weekly Gain Nears 10%
Oil prices dropped Friday as China reportedly pushed to restart US-Iran talks, raising hopes of a diplomatic resolution. Despite the slide,
SLB Shares Surge Over 10% on Strong Q2 Earnings Despite Oil Price Drop
Oil prices slid on Friday, with WTI falling 3% and Brent dropping 3.9%, yet SLB shares climbed more than 10% after the company's Q2 earnings
Oil Prices Slide as Pakistan, with China's Backing, Seeks to Revive US-Iran Talks
Oil prices dropped sharply on Monday after Reuters reported that Pakistan, backed by China, is trying to restart stalled US-Iran negotiation
Helium Evolution Raises C$25 Million for Saskatchewan Drilling Push
Helium Evolution is raising C$25 million through a private placement to fund drilling in Saskatchewan. The deal, backed mostly by new intern
Oil Prices Dip but SLB's Strong Earnings Lift Energy Stocks
Oil prices slipped Friday morning, but energy stocks avoided a steep decline thanks to SLB's nearly 4% jump after beating Q2 earnings estima
Oil Slips on Friday but Posts 11% Weekly Gain as Middle East Tensions Persist
Brent crude dipped 2.77% to $97.90 a barrel on Friday, yet still posted an 11% weekly gain. Attacks near the Red Sea and jitters around the
U92 Energy Upsizes Unit Offering to C$7M, Adds Private Placement
U92 Energy upsized its unit offering to up to 17.5 million units at C$0.40 each, targeting gross proceeds of about C$7 million. The company
Neste's Strong Renewable Margins Fail to Lift Earnings, Stock Drops 8%
Neste's renewable fuel margins surged to $1,223 per ton in Q2, but adjusted EBITDA of €1.20 billion fell short of expectations. The stock dr
Oil Prices Set for 13% Weekly Gain as Strait of Hormuz and Red Sea Risks Mount
Oil prices eased Friday but are still on track for a sharp weekly gain after security threats disrupted two key shipping chokepoints. Brent
RBC Upgrades Karoon Energy After Strong Quarter, Sees Brighter Second Half
RBC Capital Markets upgraded Karoon Energy after a stronger-than-expected second quarter, driven by two cargoes from Brazil's Baúna field. R