Oil, gas, mining, renewables and commodities: news and analysis on the companies and markets powering the economy.
Saudi Aramco’s first-quarter results offered more than another reminder that the world’s largest oil producer can still mint cash when crude prices rise. They showed how valuable physical export flexibility has become in a period when geopolitical disruption is no longer an occasional risk but a live
Shell’s agreement to acquire ARC Resources for $16.4 billion including debt is being presented as a production boost, but the more important point is where that production sits and how it fits Shell’s broader portfolio. The company is paying up for a large, low-cost gas and
Late Friday, the U.S. Space Force gave Wall Street a clearer view of what President Donald Trump’s Golden Dome initiative could mean for the defense industry. Space Systems Command said it has awarded 20 prototype agreements to 12 companies, with a combined ceiling of $3.2 billion, to
A peculiar situation has emerged in global oil markets, where crude prices remain relatively steady even as supply disruptions persist. Brent crude has consistently traded in the upper $90 range throughout the past week, showing little volatility despite ongoing tensions in the Persian Gulf region that have now stretched beyond
Iraq has resumed shipping oil overland through Syria for the first time in decades, establishing an alternative export pathway to European markets as ongoing conflict between the United States, Israel, and Iran disrupts conventional maritime routes through the Strait of Hormuz. According to Ali Nazar, who leads Iraq’s state
The parallels between today’s energy situation and the 1973 Arab Oil Embargo are striking. During that period, OPEC nations coordinated to halt oil shipments to nations supporting Israel following the Yom Kippur War, cutting roughly 15% of American oil imports. The resulting panic created market speculation, hoarding behavior, and
The consequences of surging oil prices are manifesting across the globe through various forms of demand destruction, with Asia bearing the brunt of the energy crisis stemming from the Iran conflict. Recent analysis from financial institutions demonstrates how disruptions spread from Asia to Africa, Europe, and eventually reach the United
The maritime blockade at the Strait of Hormuz appears to be gradually loosening as more vessels successfully navigate the waterway despite ongoing regional tensions. Recent developments indicate that Iraq has joined the expanding roster of countries whose ships are managing to pass through the strategic chokepoint. A massive oil supertanker
Alexandra Prokopenko, currently serving as a fellow at the Carnegie Russia Eurasia Center and formerly an advisor at Russia’s central bank, has issued a stark warning about impending food price increases stemming from the current energy crisis. According to her analysis shared on social media platform X, the virtual
Hungarian Prime Minister Viktor Orbán has taken a firm stance against supporting any European Union initiatives benefiting Ukraine, declaring he will maintain this position until Russian oil deliveries through the Druzhba pipeline resume to his country. Speaking at an EU meeting on Thursday, Orbán made his position unequivocal regarding Hungary’
The demand for affordable interceptor drones is expected to surge dramatically throughout Gulf nations aligned with the United States. This development comes as tensions with Iran continue beyond the two-week mark of ongoing hostilities, highlighting the inefficiency of deploying interceptor missiles worth millions of dollars against Iranian Revolutionary Guard
Maritime traffic patterns have undergone significant shifts as tensions continue at the Strait of Hormuz, with ship-tracking data revealing that approximately 25 oil tankers have changed course toward Yanbu, Saudi Arabia’s Red Sea export terminal. While the strategic waterway has not experienced total shutdown, a Tuesday afternoon incident
