Oil hits $87 as U.S. reimposes Strait of Hormuz blockade and strikes Iran
Brent crude jumped as high as $87 a barrel on Tuesday, its highest since June, as the U.S. moved to…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
ARC Resources shareholders approve Shell’s $22B takeover of Montney gas producer
ARC Resources shareholders have backed Shell's $22 billion acquisition of the Calgary-based natural gas producer, clearing a key hurdle for…
Abu Dhabi’s 2PointZero completes $2.25bn buyout of US gas firm Traverse
Abu Dhabi's 2PointZero Group has entered the US energy market, with its subsidiary ePointZero completing a $2.25 billion all-cash purchase…
Oil hits four-week high as U.S. reimposes Iran blockade and eyes Hormuz fee
Oil climbed to a four-week high on Tuesday after the U.S. reimposed a naval blockade of Iran and renewed strikes…
Brent’s futures curve flips into backwardation as U.S.-Iran tensions revive Hormuz supply fears
Brent's futures curve flipped back into backwardation on Tuesday as traders priced in fresh risks to Middle East supply and…
