Oil, gas, mining, renewables and commodities: news and analysis on the companies and markets powering the economy.
Rio Tinto’s third-quarter production update offers evidence that its strategy is moving from capital-heavy construction into operating delivery. Stronger iron ore shipments, accelerating copper production at Oyu Tolgoi and the early ramp-up of Simandou are beginning to broaden a company that still depends heavily on its
Oil’s latest surge has given investors a sharp reminder that the inflation trade is not finished. Brent crude futures rose $4.08, or 4.1%, on Thursday to settle at $104.28 a barrel, while U.S. West Texas Intermediate gained $3.21, or 3.6%, to $91.49.
China’s proposed controls on advanced solar-manufacturing technology mark a consequential shift in clean-energy trade. Beijing is not proposing to stop shipments of finished panels. It is seeking tighter control over the production knowledge that other countries need to manufacture the most advanced equipment themselves. For investors, that
Almonty Industries has signed a binding agreement with the government of Rwanda that gives the Toronto-based miner majority ownership of a new tungsten platform just as U.S. defense buyers face tighter sourcing rules. At completion, Almonty will own 75% of Almonty Rwanda Pty Ltd, while the government will
Oil prices rose again on Monday after a new exchange of attacks involving U.S. forces, Iran and tankers around the Strait of Hormuz, extending a rally that has already rebuilt a substantial geopolitical premium. Brent crude futures were up $1.20, or 1.25%, at $97.48 a barrel
The United States has turned a small Turkish investment bank into a test case for how far its latest pressure campaign against Iran can reach through the global financial system. The Treasury Department’s Office of Foreign Assets Control on Friday designated Golden Global Yatirim Bankasi Anonim Sirketi and two
Comstock Resources has put forward a two-part financing plan that could materially reshape its balance sheet without surrendering control of its Haynesville natural gas operations. The company said Tuesday that Azerbaijan’s state energy group SOCAR may pay $1.65 billion in cash for minority interests in upstream and
Aurizon has delivered a strong full-year result that makes its diversification strategy look more credible, while also showing how dependent that strategy remains on the cash generated by coal haulage and regulated rail infrastructure. The Australian freight operator reported underlying earnings before interest, tax, depreciation and amortisation of A$
Cyprus is preparing to become a natural gas producer on a timetable that puts its first exports just after Europe’s planned break with Russian supply. Energy Minister Michael Damianos said gas from the offshore Cronos field could reach European consumers as early as March 2028, sharpening the financial significance
Rio Tinto’s first-half results give investors a different read on the artificial-intelligence buildout than the one coming from chip stocks. The miner is not selling servers or software, but its numbers show how the race to build data centers, electrify grids and secure battery materials is changing
Kuwait’s $16 billion pipeline agreement with Blackstone, Brookfield and KKR is more than a large infrastructure financing. It is a test of whether Gulf energy states can use private capital to unlock cash from strategic assets without surrendering operational control at a moment when oil infrastructure, fiscal planning and
South East Water’s warning that it will need fresh loan facilities shortly after its current going-concern assessment period is more than another grim headline for Britain’s water industry. It is a reminder that regulated infrastructure can still become financially fragile when operational failures, political pressure and rising
