Articles by Rebecca Torres
Occidental Petroleum Shares Dip Despite $100 Oil and Analyst Upgrades
Occidental Petroleum shares declined 1% to $57.83 by midday Friday, even as Brent crude surged past $101 per barrel. The stock received upgrades from Piper Sandler and Wells Fargo, with both firms highlighting improved capital efficiency and the company's ongoing debt reduction efforts.
Petrobras Shares Drop on Domestic Diesel Price Increase Amid Government Tax Shift
Petrobras shares declined following a diesel price increase for distributors, set against Brazil's removal of federal diesel taxes and new crude export tax. The state oil giant reported a strong Q4 profit but faces policy headwinds.
Anglo American Shares Drop 2% as $100 Oil, Rate Fears Weigh on Miners
Anglo American shares declined roughly 2% on Friday, tracking a broader selloff in London-listed mining stocks as oil prices held above $100 a barrel and expectations for near-term interest rate cuts diminished.
Iran Conflict Fuels Global Inflation Surge as Oil Tops $100
The Iran conflict has triggered a severe oil supply disruption, pushing Brent crude above $100 a barrel and sending shockwaves through global freight, agriculture, and consumer markets.
Northern Star Revises FY26 Gold Forecast Amid Operational Challenges
Northern Star Resources Ltd has cautioned that its full-year 2026 gold production could fall short of previous guidance, citing operational difficulties at its KCGM and Jundee sites. The miner now anticipates output exceeding 1.5 million ounces, below its earlier 1.6-1.7 million ounce range.
B2Gold Shares Decline Amid Gold Price Retreat and 2026 Production Concerns
B2Gold Corp's U.S.-listed shares declined 2.9% to $5.10, tracking weaker gold prices. The miner reported 2025 revenue of $3.06 billion but warned 2026 production could fall to 820,000-970,000 ounces with elevated costs.
Cenovus Energy Reaches 52-Week Peak Amid Oil Price Surge
Cenovus Energy shares surged to a 52-week high as Brent crude oil prices topped $100 per barrel, driven by renewed Middle East conflicts. The company's significant debt and planned operational turnarounds underscore its exposure to volatile energy markets.
Fertilizer Stocks Rally on Middle East Supply Fears, Mosaic Leads Gains
Mosaic shares jumped 7.5% Thursday as fertilizer stocks rallied on fears that potential disruptions to shipping through the Strait of Hormuz could tighten global supply and lift prices.
Oil Prices Spike on Strait of Hormuz Closure, Supply Shock Fears
Oil prices surged over 8% Thursday after Iran confirmed the Strait of Hormuz would remain closed, exacerbating supply fears. The IEA warns of a record 8 million barrel per day drop in March output.
U.S. Natural Gas Holds Gains as Global LNG Supply Shock Widens
U.S. natural gas futures held near a four-week high as global supply disruptions tightened LNG markets. The EIA reported a storage draw of 38 Bcf, while European inventories fell to a seasonal low.
Silver Recovers from Sharp Drop as Dollar Strength Limits Rally
Spot silver rose 0.6% to $86.27 an ounce on Thursday, recovering part of its 3.5% decline from the previous session. The rebound was underpinned by safe-haven demand, though a stronger U.S. dollar and uncertain interest rate outlook restrained further advances.