Deutsche Post's (DHL.F), d/b/a DHL Group's, subsidiary DHL Express signed an offtake agreement with Dubai-based SAF One for unblended (neat) sustainable aviation fuel, or SAF.
The German logistics company's unit will receive 25,000 metric tons of the fuel annually over 10 years, from the start of production at SAF One's flagship plant in Bahrain, which is expected in 2028.
The deal supports DHL Group's target of reaching 30% sustainable aviation fuel usage by 2030.
BofA Global Research raised its forecasts for Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, as it incorporated the company's stronger-than-anticipated first-quarter results."We update our model post 1Q26 results to reflect better than expected upstream EBIT, which came 7% higher than BofAe as well as lower taxes. As a result, our FY26E net income has increased by c.3% vs our old estimates, while FY27E and 28E net income remain broadly unchanged," analysts wrote in a Tuesday note. "We believe Aramco is well positioned for production ramp post conflict resolution. To get from 10mb/d to 12mb/d, it contractually has 90 days, but it usually takes about 3 weeks. It can sustain 12mb/d production for up to 12 months without additional investments."The 2026 EPS estimate was upwardly revised to 2.13 Saudi riyals from 2.07 riyals, while the projection for 2028 was nudged higher to 2.14 riyals from 2.13 riyals.The buy rating on the stock and price objective of 34.50 riyals were both maintained.
Corcel (CRCL.L) appointed Leandro Schujmann as chief financial officer, succeeding Scott Kaintz, according to a Tuesday release.Schujmann joins the upstream oil and gas company from oil and gas peer, Meren Energy (MER.ST), where he was CFO.
(Updates with Shell response in the third paragraph.)Shell (SHEL) plans to divest its gas station network in France, according to a Google translation of a Monday report from French newspaper Les Echos.The oil major has informed employees and suppliers of the planned sale, with a buyer expected to be identified in Q3 and the deal potentially closing in early 2027, Reuters said, citing Les Echos.Shell declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)