Drone Strike Halts 550,000-BPD Ras Tanura Refinery, Sparks Global Energy Concerns
A drone strike forced the shutdown of Saudi Arabia's 550,000-bpd Ras Tanura refinery, a critical hub for global oil supply.
Energy & Commodities
Saudi Energy Ministry Confirms Fire at Ras Tanura Refinery Under Control, Supplies Unaffected
Saudi Energy Ministry confirms fire at Ras Tanura refinery under control, with no impact on oil supplies.
OPEC+ to boost oil output as Iran crisis halts Middle East shipments
OPEC+ to boost oil output as Iran crisis halts Middle East shipments
Corporate PPA deals down 10% in 2025 as AI demand plugs gaps
Corporate power purchase agreements for clean energy fell 10% in 2025 to 55.9 gigawatts across 712 deals, marking the second-best year on record, a BloombergNEF report shows. Technology giants Meta, Amazon, Google and Microsoft drove nearly half the global volume as AI demand offset broader declines.
Mont Agoma Geological Interpretation | Company Announcement | Investegate
Rome Resources plc identified new high-priority drill targets for tin and copper at its Mont Agoma prospect in the Democratic Republic of Congo. Geological analysis by Chemostrat pinpointed undrilled zones southeast and northwest of the existing deposit.
Inox Green to acquire Wind World’s 600 MW IPP capacity and 4.5 GW O&M biz
Inox Green Energy Services will acquire Wind World India's 600 MW independent power producer portfolio and 4.5 GW operations and maintenance business after creditor approval. The deal, greenlit by Wind World's Committee of Creditors on February 19, 2026, involves a consortium led by Inox Neo Energies.
Bank Earnings Outlook and Commodity Insights: Analysts Weigh In on Markets
As bank earnings season begins, analysts at BMO and Scotiabank offer insights into the financial sector's performance and the outlook for copper miners.
21 Families Displaced 6 Days After Centreville Gas Explosion
Twenty-one families in Centreville, Virginia, remain displaced six days after a natural gas explosion destroyed a home, with crews still hunting for the leak's source. Residents like Kim Rogers and Cami Minks have taken up temporary residence at the Hyatt Place in Chantilly, footing the bill for hotel stays and restaurant meals.
Germany’s Top Power Firms RWE, LEAG, EnBW Dominate Amid Supply Risks
Germany's three largest power producers—RWE, LEAG and EnBW—now control a bigger share of the market, according to the Bundeskartellamt. The cartel office warns this concentration heightens supply risks and boosts reliance on electricity imports.
Cenovus Energy Q4 Profit Jumps to $934M on Record Output
Cenovus Energy Inc. posted a fourth-quarter profit of $934 million, a sharp rise from $146 million a year earlier. The Calgary-based company hit record upstream production of 917,900 barrels of oil equivalent per day during the period.
BP Renews Drilling Contract with Turan in Caspian Sea
BP has renewed its platform operations and maintenance contract with Turan Drilling & Engineering Company for eight offshore platforms in the Caspian Sea. The deal covers drilling services and maintenance at key Azeri-Chirag-Guneshli and Shah Deniz sites.
Capper Trading to Build £6M Renewable Hub in Co Tyrone with Irish Grant
Capper Trading, an animal feed and bedding manufacturer in Tamnamore, County Tyrone, plans a £6 million renewable energy hub backed by £1.39 million from the Irish government. The project includes solar panels, batteries at two M1 motorway sites and an electrified transport fleet.
Italy Approves €3 Billion Package to Slash Wholesale Energy Prices
Italy's government approved measures worth about 3 billion euros ($3.54 billion) on Wednesday to lower wholesale energy prices. Officials said the package aims to shield families' buying power and bolster business competitiveness.
NMG Awards Contracts Covering 50% of Matawinie Mine CAPEX
Nouveau Monde Graphite Inc. awarded major construction contracts that cover more than 50% of capital spending for its Phase-2 Matawinie graphite mine in Quebec. The deals, secured over recent months, take effect after a positive final investment decision.
First Gen Supplies Geothermal Power to LPU Batangas, Laguna Campuses
Lyceum of the Philippines University signed a deal this month with First Gen Corp. to power its satellite campuses in Batangas and Laguna using geothermal energy. The agreement aggregates more than 1,150 kilowatts of demand from the sites, sourced from First Gen's plants in Leyte.