Articles by Rebecca Torres
Whitehaven Coal Defies ASX Downturn with Share Buyback Momentum
Whitehaven Coal gained 1.8% to A$8.34, outperforming the ASX 200's 1.9% drop, as its share buyback program continued. Market focus shifts to China's policy session and further buyback updates.
Iran's Strait of Hormuz Control Threatens Global Oil Flows, Prices Surge
Iran's declaration of control over the Strait of Hormuz has triggered a sharp slowdown in tanker traffic and a 4.7% spike in Brent crude prices. Analysts warn Asian economies are most vulnerable to supply disruptions.
Woodside Energy Gains as Oil Prices Surge on Middle East Supply Concerns
Woodside Energy shares advanced 0.9% to A$30.75 as oil prices climbed on Middle East supply risks. The company's shares go ex-dividend March 5 with a 59 U.S. cent payout.
BHP Shares Decline Amid Mining Sector Weakness Ahead of Dividend Date
BHP Group's U.S.-listed stock dropped sharply alongside other major miners, with attention turning to its interim dividend schedule and persistent macroeconomic headwinds.
Exxon Shares Retreat Amid Oil Price Surge, Venezuela Plans Scrutinized
Exxon Mobil shares fell 1.6% in extended trading Tuesday as oil prices surged nearly 5% to yearly highs. Investors assessed regional exposure and Venezuela re-entry comments.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
U.S. Gasoline Prices Surge Past $3 Amid Middle East Supply Fears
U.S. gasoline prices surged above $3 per gallon Tuesday, driven by a sharp rally in crude oil due to escalating Middle East tensions. Refiner stocks advanced as fuel margins expanded.
Oil Surges on Strait of Hormuz Disruption, Iraq Cuts Output
Brent crude futures surged 6% to $82.38 a barrel as supply disruptions through the Strait of Hormuz intensified. Iraq has cut production by nearly 1.5 million barrels per day, with warnings of deeper losses.
Precious Metals Tumble as Oil Shock Fuels Inflation, Delays Fed Cuts
Silver and gold prices fell sharply as investors sought the U.S. dollar amid rising oil prices and bond yields, delaying expectations for Federal Reserve interest rate cuts.
Petrobras Shares Extend Rally on Oil Price Surge; Q4 Results Loom
Petrobras shares climbed for a third session as Brent crude surged past $83 per barrel. The company's fuel pricing strategy and upcoming fourth-quarter earnings on March 5 are key investor focuses.
Venture Global Surges on Qatar LNG Halt, Posts Strong Q4
Venture Global shares surged in premarket trading following a Qatar LNG production halt that tightened global gas markets. The company also reported robust fourth-quarter earnings.