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July 31 (Reuters) - ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, even as high oil prices and improved refining margins brought by the Iran war led to its biggest quarterly profit in four years. Adjusted earnings for the largest U.S. oil major by market capitalization rose 67% from the first quarter to $14.7 billion, or... Continue Reading →
July 28 (Reuters) - Saipem cut its 2026 core earnings forecast on Tuesday, sending shares in the Italian oilfield services group down more than 8% as disruption linked to the Gulf conflict drove up costs and created logistical challenges. The Milan-based group now expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €1.75 billion... Continue Reading →
July 24 (Reuters) - SLB topped Wall Street expectations for second-quarter profit and forecast sequential revenue growth, as strength outside the Middle East offset disruptions from the Iran war, sending its shares up more than 10%. The world's largest oilfield services provider expects global third-quarter revenue to grow 3% to 4% sequentially under its base-case scenario,... Continue Reading →
July 16 (Reuters) - Portugal and Brazil are seeking to attract Brazilian investors to build one or two advanced biofuel and sustainable aviation fuel plants in Portugal, the country's energy minister said on Thursday. Maria da Graca Carvalho said she would discuss the project — which targets both the domestic and European markets — when... Continue Reading →
April 28 (Reuters) - The United Arab Emirates said on Tuesday it was quitting oil-producers' group OPEC, as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations. The loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front... Continue Reading →
April 27 (Reuters) - Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on spillovers from the U.S.-Israel war with Iran right on its doorstep. The war's knock-on effects have ripped through the energy market – the Gulf economies' lifeline – driving... Continue Reading →
Brazil Energy Insight 