YPF SA Class D (YPF) has an average rating of buy and mean price target of $57.23, according to analysts polled by FactSet.
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The governments of the European Union on Wednesday cleared legislation to remove import duties on several US goods, Reuters reported, citing an EU source with knowledge of their meeting.Under a deal struck last July, the EU agreed to remove import duties on US industrial goods and grant preferential access to US farm and seafood exports, while accepting US tariffs of 15% on most EU goods, the report said.The legislation, which puts in place those import duty reductions, still needs to be approved by the European Parliament, the report said. Its trade committee will hold an indicative vote on Tuesday, while a decision by the full EU assembly will take place in mid-June, Reuters said.(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.)
(Updates with ConocoPhillips' response to a request for comment in the third paragraph.)Exxon Mobil (XOM) and ConocoPhillips (COP) are seeking durable contract terms and a resolution to the billions of dollars they are owed as part of active negotiations with the Venezuelan government about returning to the country after exiting two decades ago, Bloomberg reported Tuesday, citing people familiar with the matter.The oil companies said Venezuela has more work to do, but they are encouraged by President Delcy Rodriguez's willingness to negotiate, the report said, citing the people."ConocoPhillips has significant experience developing and operating these types of assets in Venezuela," a company spokesperson toldvia email. "We are continuing to evaluate potential in-country oil and gas opportunities, including gathering data, assessing next steps, and maintaining dialogue with relevant stakeholders."Exxon didn't immediately reply to a request for comment from.(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.)