Commodities

U.S., Iran strike deal to reopen Strait of Hormuz, sending oil decrease

(Bloomberg) – The U.S. and Iran say they've reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and doubtlessly ending a battle that disrupted...

Exxon reportedly evaluates Woodside as LNG acquisition goal

(Bloomberg) – ExxonMobil is learning potential acquisition targets together with Australia’s Woodside Power Group, because the U.S. big eyes choices to deepen its presence in liquefied pure gasoline and Asian markets, based on...

World Power Present highlights Canada’s rising position in power safety

(WO) — World Power Present Canada 2026 concluded this week after bringing collectively greater than 38,000 attendees, 500 exhibitors and delegates from over 100 nations to debate power safety, funding and the way...

CNOOC upgrades automation programs at Buzzard North Sea oil subject

(WO) — ABB has been awarded a contract to modernize automation and security management programs on the Buzzard offshore platform, supporting continued operations at one of many UK's largest producing oil fields within...

Petrobras acquires 50% stake in Campos basin exploration block

(WO) — Petrobras has agreed to amass a 50% curiosity within the offshore Itaimbezinho exploration block in Brazil's Campos basin from Equinor, increasing its presence in one of many nation's most lively offshore...

Permian basin helps 940,000 U.S. jobs, drives billions in financial impression

(WO) — The Permian basin continues to strengthen its place as a key driver of U.S. power manufacturing and financial progress, supporting greater than 940,000 jobs nationwide and contributing billions of {dollars} to...

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