Oil, gas, mining, renewables and commodities: news and analysis on the companies and markets powering the economy.
Genesis Minerals’ agreement to acquire Vault Minerals is a reminder that a high gold price does more than lift cash flow. It also raises the pressure on mid-tier producers to prove they can turn stronger bullion markets into larger, more investable mining platforms. Genesis and Vault said Tuesday that
Australia’s agreement to begin uranium exports to India is more than a diplomatic reset. It is a test of whether two countries with complementary needs can turn strategic alignment into an investable energy supply chain. Prime Minister Anthony Albanese and Prime Minister Narendra Modi announced the deal in Melbourne
The oil market has moved with startling speed from shortage anxiety to surplus anxiety, and that turn may matter more for investors than the latest tick in crude prices. After months in which the war around Iran and the effective blockage of the Strait of Hormuz raised fears of an
Iran’s renewed attempt to claim control over the Strait of Hormuz has turned this week’s oil-market relief into a more complicated test: whether traders should believe diplomatic headlines, military assurances or the slower judgment of shipowners and insurers. The immediate facts are deliberately muddy. Iran’s armed
The UK government’s resistance to a proposed rescue of Thames Water has turned a long-running corporate crisis into a sharper test of how much risk private creditors can shift onto customers when essential infrastructure begins to fail. Environment Secretary Emma Reynolds has raised concerns with Ofwat over a
The Trump administration’s effort to build a Western critical-minerals trading bloc is running into the hard part of industrial policy: agreeing who pays when security goals collide with market prices. Reuters reported Monday that U.S. proposals to support prices for critical minerals are facing skepticism from G7
The European Central Bank’s first rate increase since 2023 is a reminder that the energy shock has moved back from market screens into monetary policy. By raising all three key rates by 25 basis points on June 11, the ECB turned a geopolitical disruption into a policy signal: it
BP’s latest restructuring is more than a tidying-up exercise. It is a statement about what public markets now want from major oil companies: fewer competing narratives, clearer accountability and a business model that can be judged on cash generation rather than strategic breadth. The company said on June
Sri Lanka’s shock interest-rate increase on Tuesday, May 26, is a reminder that the global oil shock is no longer just a story about higher gasoline bills or nervous bond markets. In more fragile economies, it is turning back into a balance-of-payments problem, one that can
NextEra Energy’s agreement to buy Dominion Energy for about $66.8 billion is one of the clearest signs yet that the artificial intelligence boom is reshaping parts of the market far beyond chipmakers. The proposed all-stock deal, announced on May 18, would create what the companies describe as
New Fortress Energy moved a long-running balance sheet crisis into its decisive phase on Thursday when a London High Court judge allowed the company to call creditor meetings on a restructuring that would hand most of the business to lenders. Bloomberg reported that creditors owed about $6.5 billion
April’s inflation report delivered a message investors were hoping to avoid. The Consumer Price Index rose 0.6% on a seasonally adjusted basis in April and 3.8% from a year earlier, the fastest annual increase since May 2023. At one level, the explanation was straightforward. Energy prices were
