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UUUU News30 articles
Markets Rally on Iran De-escalation, But Energy Disruption Lingers
Equities rallied and oil prices plunged after a five-day pause in U.S.-Iran tensions, though the closure of the Strait of Hormuz continues to severely disrupt global energy supplies.
Bitcoin Stabilizes Near $70K Amid ETF Outflows, Energy Price Surge
Bitcoin steadied around $70,400 Saturday, recovering from a mid-week dip below $70,000. The cryptocurrency faced pressure from consecutive U.S. spot ETF outflows and a spike in Brent crude above $112.
Constellation Energy Plummets 11% on $5B Asset Sale, Power Sector Rout
Constellation Energy shares tumbled 10.9% following a major $5 billion divestiture to LS Power, part of its Calpine acquisition remedies. The selloff spread across the power sector as utilities led market declines.
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.
Iran Strikes Gulf Energy Hubs, Sending Oil Past $112 and LNG Supply into Crisis
Oil prices spiked above $112 a barrel following Iranian strikes on energy infrastructure in Qatar, Saudi Arabia, and the UAE, crippling LNG output and raising fears of prolonged supply disruptions. European gas prices have jumped over 60% since the conflict began.
VIX Climbs on Energy Jitters and Inflation Data
Wall Street's fear gauge, the VIX, moved higher Wednesday amid rising oil prices and a hot wholesale inflation report. The crude oil volatility index surged to its highest level since 2020.
Tesla Gains on $4.3B LG Battery Plant, Energy Storage Growth Offsets Auto Weakness
Tesla stock advanced after the U.S. government confirmed a $4.3 billion agreement with LG Energy Solution to build a lithium iron phosphate battery-cell plant in Michigan. The facility, slated for 2027 production, will supply batteries for Tesla's Megapack 3 systems.
Dominion Energy Outage Resolved Amid Major Grid Investment Push
Dominion Energy has restored service following a brief outage affecting approximately 1,000 customers in Norfolk, Virginia. The incident comes as the utility is executing a massive $64.7 billion capital spending program to expand grid capacity.
Cenovus Energy Reaches 52-Week Peak Amid Oil Supply Fears
Cenovus Energy shares climbed 4.6% to C$32.18, hitting a 52-week high as crude prices neared $100 a barrel. The company projects 2026 upstream output could reach 985,000 barrels of oil equivalent per day.
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.
BlackRock Sees Inflation Risk from Middle East Energy Shock, Favors Stocks
BlackRock cautions that energy supply disruptions from Middle East tensions may sustain inflationary pressures, though it views the shock as likely lasting weeks rather than months. The firm remains underweight long-term U.S. bonds and prefers U.S. and Japanese stocks.
GE Vernova Commits $200M to Vietnam Transformer Plant Amid Energy Push
GE Vernova will invest approximately $200 million to establish a large power transformer plant in Hai Phong, Vietnam, with full operations targeted for 2028. The move aligns with Vietnam's accelerated LNG and grid infrastructure development.
ASX 200 Recovers 1.1% as Energy Stocks Slide on Oil Price Retreat
Australian shares rebounded on Tuesday, with the benchmark index gaining 1.09%. The recovery was led by materials and financials, while energy stocks declined as oil prices retreated from recent highs.
MOEX Rises 2% on Oil Surge; Hormuz Disruption Fuels Energy Rally
Russian equities advanced last week, with the MOEX Index climbing 2% as a 27% spike in Brent crude prices, driven by Middle East supply disruptions, propelled energy and shipping stocks higher.
Malaysian Stocks Defy Regional Slump as Energy Surge Lifts KLCI
The FTSE Bursa Malaysia KLCI closed the week at 1,718.06, gaining 1.45 points, as a major rally in Petronas Chemicals Group offset broader market weakness and regional declines.
Turbo Energy Stock Skyrockets on Major Spanish Project Backlog
Turbo Energy's stock soared nearly 80% Thursday and continued climbing premarket Friday following news of a $53 million project backlog in Spain, though the company faces a Nasdaq compliance notice.
Bloom Energy Added to Bloomberg 500 Index Amid Stock Decline
Bloom Energy will be included in the Bloomberg 500 Index starting March 12. The company's stock declined nearly 4% in Thursday trading, while it forecasts significant revenue growth driven by data-center power demand.
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.
Linde Shares Decline Amid Energy Price Surge, Investor Focus on CFO Remarks
Linde plc shares dropped 1.6% to $501.45 Tuesday as surging energy prices triggered broad market declines. Attention now turns to the company's CFO speaking at a Raymond James conference on March 4.
NRG Energy Shares Drop on LS Power's $2.35 Billion Secondary Offering
NRG Energy shares declined sharply after LS Power affiliates priced a large secondary stock offering at a discount. The company plans a concurrent $300 million share buyback from the sellers.
Iran Conflict Sparks Oil Price Surge, Strains Energy Majors
Escalating conflict in the Middle East has driven Brent crude prices sharply higher and disrupted critical energy shipments, posing significant risks to major oil companies with regional exposure.
Markets Reel as Middle East Conflict Sparks Energy Price Surge
Global equities declined sharply as a widening military conflict with Iran triggered a surge in energy prices and disrupted critical supply routes, raising fresh concerns over inflation and economic growth.
Sunrise Energy Metals shares decline following Syerston project update
Sunrise Energy Metals Ltd shares dropped 3.6% to A$7.69 after publishing an updated feasibility study for its Syerston scandium project, with development capital estimated at US$120 million.
Sunrise Energy Metals Shares Dip on Updated Syerston Scandium Project Study
Sunrise Energy Metals Ltd (ASX:SRL) shares declined following the release of an updated feasibility study for its Syerston scandium project, which outlines a US$120 million capital requirement and a mid-2028 production target.
ConocoPhillips Leads Energy Rally as Middle East Tensions Fuel Oil Surge
ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. energy stocks higher as Brent crude oil prices surged 6.7% to $77.74 per barrel amid escalating Middle East tensions and supply disruptions.
ConocoPhillips Leads Energy Rally as Middle East Tensions Spike Oil
ConocoPhillips shares climbed 4.2% to $118.24, leading U.S. oil majors higher after Brent crude surged 6.7% to $77.74 a barrel due to Middle East supply disruptions. The U.S. government is expected to announce measures Tuesday to address the price shock.
Bloom Energy Rebounds on Heavy Insider Selling, Wall Street Downgrade
Bloom Energy shares climbed over 6% Monday, recovering from a sharp Friday decline. The move followed SEC filings showing significant insider stock sales by top executives, including the CEO.
Bloom Energy Rebounds on Heavy Trading as Insider Sales Surface
Bloom Energy shares climbed 6.2% to $165.39, recovering from a 7.65% drop Friday. The move came after SEC filings revealed significant insider sales by top executives last week.
Qatar LNG Suspension Sparks Global Energy Crisis as Hormuz Chokepoint Clogs
QatarEnergy suspended liquefied natural gas production following drone strikes on key facilities, triggering a 40% spike in European gas prices. Approximately 150 vessels are stranded near the Strait of Hormuz after marine insurers withdrew war-risk coverage.
Qatar LNG Disruption Sparks Global Energy Market Turmoil
QatarEnergy suspended liquefied natural gas production following drone strikes on key facilities, triggering a surge in European gas prices and major shipping disruptions near the Strait of Hormuz.