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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 23 (oilprice.com) TotalEnergies’ adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows. The French supermajor on Thursday reported an adjusted net income of $6 billion, which met analyst expectations and rose by... Continue Reading →
July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →
July 21 (Reuters) - Halliburton edged past Wall Street estimates for second-quarter profit on Tuesday as gains in its other international markets offset declines in the Middle East, but shares fell 4.3% in premarket trading on subdued demand in North America. The Middle East conflict has dominated energy markets this year as repeated flare-ups keep a crucial oil-producing... Continue Reading →
July 14 (Reuters) BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war. The British major flagged higher oil realizations, which it said would increase earnings in its oil... Continue Reading →
July 9 (Reuters) - Brazil's government on Thursday approved the extension of a 12% tax on crude oil exports for another 60 days, a measure introduced in March amid rising oil prices linked to the Iran war. The decision was taken by Gecex, the executive management committee of Brazil's foreign trade chamber Camex, which said in... Continue Reading →
June 17 (Reuters) - Brazil will end subsidies for diesel and gasoline if the price of crude oil stabilizes around $80 per barrel due to progress toward a U.S.-Iran deal to end their conflict, the executive secretary of the Finance Ministry, Rogerio Ceron, told Reuters. Ceron said in a Tuesday interview that de-escalation in the... Continue Reading →
June 11 (Reuters) The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade. America's ascendancy to the top spot marks a stunning reversal for a... Continue Reading →
By Gavin Maguire June 3 (Reuters) - While oil markets fixate on the disruptions to Middle East exports and surging U.S. supply in 2026, South America is quietly emerging as a key new source of global crude flows. Led by Brazil, Guyana and Venezuela, the region has delivered the largest increase in oil exports of... Continue Reading →
Brazil Energy Insight 