Articles by Rebecca Torres
Oil Prices Defy U.S. Release, Hit Multi-Year Highs Amid Supply Crisis
Global oil benchmarks surged to multi-year highs as supply disruptions in the Middle East overwhelmed a U.S. move to release stranded Iranian crude. Brent settled at $112.19 a barrel, its highest since July 2022.
Brent Crude Surges to $112 on Iraq Force Majeure, Hormuz Tensions
Brent crude oil settled at $112.19 per barrel, its highest level since July 2022, after Iraq invoked force majeure on foreign-operated fields amid escalating regional tensions. The S&P 500 energy sector rose 2.8% as global equities fell on supply shock concerns.
Qatar LNG Attack Sparks Global Energy Crisis, EU Weighs Emergency Steps
Europe's benchmark natural gas price remains near a three-year peak after attacks on Qatar's Ras Laffan LNG complex, with repairs potentially lasting five years. The EU is preparing emergency interventions as global supply tightens.
Silver Tumbles on Rate Hike Fears, Dollar Strength
Silver prices dropped nearly 5% to $69.39 an ounce, heading for a weekly loss amid rising Treasury yields and a stronger dollar. The sell-off dragged down related mining equities.
Gold Drops 1.8% as Dollar, Yields Surge on Troop Deployment News
Gold declined 1.8% to $4,566.26 per ounce Friday, heading for a third consecutive weekly drop. The sell-off was driven by a stronger U.S. dollar and rising bond yields following news of additional U.S. troop deployments to the Middle East.
U.S. Weighs Sanctions Waiver to Unlock 140M Barrels of Iranian Oil
The U.S. Treasury is considering a temporary sanctions waiver to release approximately 140 million barrels of Iranian oil currently stranded on tankers. This move aims to calm markets following Iran's closure of the Strait of Hormuz, a critical oil chokepoint.
Denison Mines Shares Slide as Phoenix Uranium Mine Construction Approved
Denison Mines shares declined following board approval to construct the Phoenix uranium mine in Saskatchewan, with the company reporting a substantial 2025 net loss and significant debt.
B2Gold Shares Extend Losses Amid Gold Price Retreat and Rising Cost Outlook
B2Gold Corp shares continued to decline as a sector-wide selloff in gold miners intensified. The company faces increased cost projections for 2026, adding pressure amid falling bullion prices.
U.S. LNG Stocks Rally as Qatar Supply Shock Sparks Global Scramble
Shares of U.S. liquefied natural gas exporters rallied sharply after an attack on Qatar's export facilities removed a significant portion of global supply, prompting nations like Italy and Japan to urgently seek alternative sources.
Vale Shares Slide Amid Record China Iron Ore Inventories
Vale shares fell over 1% as data showed China's iron ore inventories reaching a multi-year peak while steel production dipped, highlighting potential demand pressure.
Gold Plunges to Six-Week Low as Hawkish Central Banks, Oil Spike Pressure Bullion
Gold prices tumbled sharply, with spot gold dropping 3.9% to $4,629.29 per ounce, its lowest level since early February. The sell-off was driven by major central banks holding interest rates steady and warning of renewed inflation risks from surging oil prices.
European Gas Prices Soar on Qatar LNG Outage, Inflation Fears Mount
European natural gas prices surged to their highest level since early 2023 after an attack on Qatar's LNG infrastructure knocked out a significant portion of global export capacity, threatening supplies to Europe and Asia and prompting central bank inflation warnings.