Dangote Refinery IPO Seeks Up to $2.1 Billion at $47 Billion Valuation
Dangote’s refinery share sale could raise up to $2.1 billion as the company funds a planned expansion and posts a sharp earnings rebound.
Dangote’s refinery share sale could raise up to $2.1 billion as the company funds a planned expansion and posts a sharp earnings rebound.
Oil climbed above $99 a barrel as attacks on Saudi facilities and Gulf shipping risks heightened supply concerns; European gas prices also surged.
US diesel hit a record $5.85 per gallon as tight fuel supplies lifted Brent toward $95 and disrupted LNG flows sent gas prices higher.
Gary’s prolonged outage points to a wider reliability challenge as extreme weather, aging equipment and rising demand test the U.S. grid.
Brent slips to $89 as Pakistan’s mediation offsets pressure from U.S. sanctions and disruption risks across key oil and LNG routes.
Record U.S. imports are tightening copper availability elsewhere as tariff expectations and supply disruptions drive a steep premium for prompt metal.
Norway’s fund says the SEC should retain financially material climate disclosures, citing their value to investors and company analysis.
ONGC’s quarterly profit more than doubled as higher prices and a weaker rupee offset falling output, strengthening its capacity to fund exploration an...
BMW plans to cut about 8,000 jobs by 2027, seeking lower costs as falling China sales and stronger EV competition weigh on its outlook.
The Mag-7 index is down 12.2% from its May peak, while equipment and software investment remains strong. The 2000 comparison suggests a possible lag.
Brown & Brown’s Accession acquisition lifted 2025 brokerage revenue to $5.76 billion, while flat organic growth and softer rates remain investor conce...
US stocks climbed on hopes of a deal with Iran, though energy prices and inflation remain key concerns for investors.