Articles by Rebecca Torres
European Gas Prices Retreat 3% But Stay Elevated Amid LNG Supply Woes
European gas prices pulled back from a two-year high but remain elevated as the EU downplays shortage risks despite low storage and ongoing Qatari LNG disruptions.
B2Gold Jumps 4.3% as Gold Price Gap Widens to $2,000+
B2Gold shares rose 4.3% to $5.64 as gold futures hit $4,522.50, creating a $2,063-per-ounce gap above AISC. The company's cash conversion remains key.
UK Gas Prices Split: Short-Term Falls, Winter Contracts Surge
UK gas prices diverged: day-ahead fell 2.1% to 176.80p, Winter 2027 climbed 2.5% on storage worries. EU storage 18.2% below average. Ofgem raises cap 4%.
Vale Shares Jump 4% on Ambitious Iron Ore Output Target
Vale's stock climbed 4% after the miner announced a 2026 iron ore production target that could require a 13% increase in output. The company's Q2 results showed strong margins, but cost pressures remain a concern.
US-Backed Venezuela Oil Push Targets 65B Barrels, But Supply Lags
A US-backed venture secured 100-year concessions for 65 billion barrels in Venezuela, but Chevron's $7B plan won't boost supply until 2031. Brent settled at $95.63.
Dutch Gold Vault Shift Boosts Liquidity as Bullion Rebounds 1.1%
Gold rebounds 1.1% as Dutch central bank moves 86 tonnes to London, boosting liquidity without altering reserves. Lower yields support prices.
Petrobras Shares Surge 3.1% on Brent Rally, Record Output
Petrobras ADRs advanced 3.1% to $20.96 as Brent crude approached $96, with Q2 free cash flow more than doubling to $7.7 billion.
Kiwi Tumbles as RBNZ's Rate Path Falls Short of Hawkish Bets
The New Zealand dollar slid 0.9% after the RBNZ raised rates to 2.75% but projected a 3.15% peak, lower than market bets of 3.5%, prompting a dovish read.
Gasoline Futures Rally as Retail Prices Top $4.12
U.S. gasoline futures rose 0.9% as the national average retail price climbed above $4.12. October RBOB futures gained 0.86% to $3.1621 per gallon, with inventories down 7% year-over-year.