The BP refinery in Lingen, Germany (aerial view with a drone). Picture Alliance | Picture Alliance | Getty Images British energy major BP on Tuesday reported that first-quarter profits more than doubled from a year ago, following a surge in oil and gas prices driven by the Middle East conflict. The oil giant posted underlying…
A CATL logo is displayed on a smartphone screen with a Hong Kong Stock Exchange (HKEX) logo in the background on May 7, 2025 in Chongqing, China. Li Hongbo | Visual China Group | Getty Images Shares of China’s Contemporary Amperex Technology declined 8.5% Tuesday after the EV battery giant unveiled plans for a roughly…
Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026. Stringer | Reuters Oil prices were higher on Monday morning as plans for a second round of peace negotiations between the U.S. and Iran unraveled again. International benchmark Brent oil futures with June delivery rose more than 3%…
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in a deal valued at $16.4 billion. The transaction will add roughly 370,000 barrels…
This handout photo released by the Iranian Foreign Ministry on April 25, 2026 shows Pakistan’s Army Chief and Field Marshal Syed Asim Munir (3rd R) meeting with Iran’s Foreign Minister Abbas Araghchi (3rd L) upon his arrival in Islamabad. (Photo by Iranian Foreign Ministry / AFP via Getty Images) / XGTY / RESTRICTED TO EDITORIAL…
Two boys paddle-board in the sea as ships are anchored near the shoreline on April 22, 2026 in Bandar Abbas, Iran. Stringer | Getty Images Baker Hughes is working under the assumption that the Strait of Hormuz may not fully reopen for months, a senior executive at the influential oilfield services firm said Friday. Baker…
Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry. The stock opened at $30.11, after upsizing its initial offering, pricing at $23 per share — ahead of the initial range of $16 – $19 per share. The company raised more…
A data center owned by Amazon Web Services, front right, is under construction next to the Susquehanna nuclear power plant in Berwick, Pennsylvania, Jan. 14, 2025. Ted Shaffrey | AP The AI-driven data center boom in Pennsylvania — which includes a $20 billion investment from Amazon — is leading to political angst in districts in…
The Indian flag flies in front of billboards featuring images of Indian Prime Minister Narendra Modi and U.S. President Donald Trump in Ahmedabad, India, on Feb. 23, 2020. Bloomberg | Bloomberg | Getty Images The India-U.S. trade deal remains unsigned after months of negotiations, with the Iran war and a U.S. court ruling against tariffs…
Outgoing Dow CEO Jim Fitterling said clearing the disruption in the Strait of Hormuz could take far longer than investors expect. “Some scenario planning that we did said that even if the straits were to reopen today, just to clear the logistics logjam… is going to take 275 days, maybe more now,” he told Jim…
