Cathie Wood’s ARK Invest has placed an $88.4 million bet on X-Energy, a small nuclear reactor developer whose shares have struggled since its April debut. The purchase of 6,389,045 shares signals growing institutional confidence in advanced nuclear fission technology, even as broader energy markets …
Questor Technology Inc. has entered a period of corporate uncertainty, establishing a special committee to guide its leadership transition and strategic review while confronting a significant legal challenge from its former CEO. The announcement arrives as shareholders closely monitor developments at the Calgary-based emissions-control …
CrossAmerica Partners has secured a longer-term credit facility, extending its maturity and adjusting leverage covenants to provide the fuel distributor with greater flexibility amid fluctuating wholesale margins. The amendment, effective July 15, eliminates the SOFR credit spread adjustment and sets the maximum consolidated leverage …
Infinity Natural Resources delivered a sharp earnings surprise and a $57.5 million derivative gain in its quarter, sending its hedging portfolio into positive territory as insiders stepped up stock purchases. The Appalachian Basin-focused energy producer reported earnings per share that outperformed consensus estimates, while …
The US military has escalated its enforcement of an Iranian energy blockade by striking an Iranian-linked oil tanker deep within the Persian Gulf, signaling a broader crackdown on oil and liquefied petroleum gas shipments. The move extends the geographic reach of US operations beyond …
Kimbell Royalty Partners has entered into a dropdown acquisition that will provide approximately $75 million in cash and the issuance of 9,500,000 newly created common units. The purchase targets over 2,568 net royalty acres situated in several prolific U.S. basins, notably Eagle Ford, Permian …
Corn prices have risen, driven by support from wheat prices. The increase in corn prices is a significant development for the energy sector, particularly for ethanol production. Ethanol production has fallen, which may impact the energy sector.
Targa Resources has expanded its board with the addition of Thomas Mathiasmeier, the former president of global gas, power, and emerging markets at ConocoPhillips. The move comes as the midstream operator continues to refine its leadership team, bringing in expertise that aligns with the …
Ukraine’s sustained campaign against Russian refineries has slashed the country’s crude processing capacity, tightening global diesel markets and sending prices higher. Over the past 100 days, Ukraine has launched roughly 50 attacks on at least 24 of Russia’s 34 major refineries, disrupting operations at …
Oil settled lower on the day but lingered close to its one‑month high, a price anchor that has persisted despite rising geopolitical risk from strained U.S.–Iran relations. At the same time, U.S. natural gas contracts slipped 2%, slipping into a two‑month trough as production …