Oil, gas, power markets and the utilities caught between them.
37 report(s) in the archive
The Norwegian floating oil producer trimmed its outlook even as second-quarter EBITDA rose, after its BW Opal project ran into delays.
BW Offshore shares fell 11% after the company cut guidance due to a delay in its BW Opal project, despite reporting higher quarterly EBITDA.
Crude fell about 1% ahead of a fresh round of US sanctions on Iran, but analysts say the diesel shortage driving refiners' margins has causes that will outlast the war.
Oil dropped roughly 1% ahead of announced US sanctions on Iran, even as reports say the diesel crunch behind refiners' fat margins predates the war and won't end with it.
The Australian fuel refiner posted a record first-half profit as the Iran conflict widened refining margins, even as Bendigo Bank also swung to a profit in the same reporting window.
Ampol logged a record half-year profit with more than a four-fold rise, driven by wider refining margins tied to the Iran war.
Power generators tied to AI data center demand are drawing investor attention even as the broader AI trade grabs the headlines.
Vistra's business model, built around supplying electricity, positions it to benefit directly as data centers built for AI computing drive up power demand.
Saudi Arabia's Tadawul All Share gained 1.13% at the close as crude prices rose on fears of new US sanctions against Iran, which Tehran says will fail.
Saudi Arabia's Tadawul All Share index closed up 1.13% as oil prices climbed on the prospect of new US sanctions on Iran.
The power equipment maker's unfilled orders now exceed the annual economic output of many countries, fueled by AI-driven electricity demand.
GE Vernova's backlog has grown to $176 billion, driven largely by soaring energy demand tied to data center expansion.
New US sanctions on Iran are expected soon, and tanker traffic through the Strait of Hormuz has slowed as both sides escalate rhetoric.
The US and Iran exchanged hostile warnings ahead of new sanctions, and oil flows through the Strait of Hormuz have stalled as a result.
The greenback weakened even as bond yields and oil held elevated, an unusual combination that points to doubts about US fiscal footing.
The dollar wobbled after investors balked at the US Treasury's efforts to shore up markets, even as Asian shares closed the week on a downbeat note.
The stock's drop to $21.22 comes as rising bond yields keep pressure on dividend-paying, rate-sensitive sectors like utilities.
CMS Energy shares hit a 52-week low of $21.22, extending a decline in utility stocks that tend to suffer when bond yields rise.
Thursday's European session left the main indices little changed, with the damage concentrated in single stocks: JD Sports, GN Store Nord, Aegon and Orkla all fell.
European equities went nowhere in the 20 August session as a rise in crude prices cancelled out a recovery in government bonds, leaving individual earnings reactions to drive most of the movement.
Rising sovereign yields and a firmer oil complex tighten financial conditions into quarter-end, compounding a growth scare already visible in US consumer discretionary earnings.
A renewed selloff in government bonds weighed on European equity indices while crude oil climbed further, reviving the adverse rates-plus-energy combination that historically compresses equity multiples. The macro backdrop collided with soft US housing-adjacent retail guidance from Lowe's, underscoring a consumer under strain.
Middle East escalation fears push crude and sovereign yields higher simultaneously, leaving regional benchmarks with no defensive refuge and extending a multi-session drawdown.
European bourses are on track for their longest consecutive losing streak since 2025 as geopolitical risk premia lift oil and bond yields together, squeezing both cyclical and defensive exposures.
German 10-year benchmark yields spike to a 15-year peak as a synchronized sovereign selloff collides with a Middle East-driven oil bid, tightening financial conditions across European risk assets.
The German 10-year yield has jumped to its highest level since 2011 as a global bond rout broadens, with rising crude prices reinforcing inflation risk premia and pressuring European equity valuations.
The miner's FY2026 disclosure frames copper as the margin engine and insists its expansion pipeline is self-funded, sharpening the structural bull case for electrification metals against a softening bulk commodity backdrop.
BHP's FY2026 results presentation credits copper with driving record group margins and stresses that growth capital is being funded internally rather than through leverage or equity issuance. The framing marks a decisive strategic rotation away from iron ore dependence and toward electrification-linked demand, with implications for the entire diversified mining complex.
The Nasdaq 100 was rejected at 30,326 and the Dow tested Fibonacci support near 53,547, while copper, natural gas and bitcoin all coiled inside narrow ranges signalling a market awaiting a catalyst.
Equity benchmarks failed at overhead resistance and cross-asset momentum faded, with copper, natural gas, gas oil and bitcoin all trading in compressed ranges as directional conviction thinned.
The FTSE-listed pharmaceutical group discontinued a late-stage lung cancer study of its bispecific candidate after a data setback, even as Enhertu delivered a progression-free survival benefit in a separate lung indication — leaving the stock higher on the day.
AstraZeneca discontinued a Phase 3 trial of volrustomig in lung cancer following disappointing data, a meaningful blow to its next-generation immuno-oncology ambitions. The negative headline was cushioned by positive progression-free survival results for Enhertu in a lung cancer setting, and shares traded higher as investors weighted the commercial-stage readout more heavily than the pipeline write-down.
Integrated energy producers captured an extraordinary earnings uplift from war-driven crude pricing, even as escalatory rhetoric from Israeli minister Itamar Ben-Gvir signals the Middle East risk premium is unlikely to decay quickly.
The world's largest oil companies reaped a $93 billion windfall from the Iran war, a transfer of value from consumers to producers that has materially reset energy sector free cash flow expectations. Continued hardline political signalling in Israel suggests the underlying geopolitical premium remains structurally embedded in crude.
Allegations against Hengli over sanctioned oil purchases arrive alongside renewed Russian strikes on Kyiv, keeping geopolitical risk premia embedded in energy and freight markets.
Chinese refiner Hengli has been accused of funding Iran through purchases of sanctioned crude, escalating enforcement risk for Asian teapot refiners. Simultaneously, Russian missile strikes ignited fires across Kyiv, reinforcing the persistence of conflict-driven supply uncertainty.
Hyperscaler spending has crossed the threshold where AI infrastructure consumes more cash than the core business generates, forcing investors to reprice quality growth compounders as capital-intensive utilities.
Alphabet posted negative free cash flow for the first time in its public history as AI data-center outlays overwhelm operating cash generation. The milestone reframes the bull case for mega-cap AI names, shifting the debate from earnings momentum to balance-sheet endurance and return on invested capital, even as trend-following flows continue to underwrite Nasdaq leadership.
Morgan Stanley initiates Achieve Life Sciences at overweight and PTC Therapeutics moves on a Fabry gene therapy acquisition, while EVgo and Highwoods Properties absorb rating downgrades
A heavy day of sell-side repositioning tilted toward biotech and specialty healthcare, with new overweight coverage and M&A-driven pipeline expansion, even as EV charging and office REIT exposures were marked down on execution and valuation grounds.