FINWIRES · TerminalLIVE
FINWIRES
Eni S.p.A.

Eni S.p.A.

$E
NYSEEnergy

214 stories mentioning Eni S.p.A.Updated 2d ago

Eni's renewable arm Plenitude completed a 330-MW solar project in Spain as energy stocks rose late in the session.

What are analysts saying about Eni S.p.A.?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on Eni S.p.A.?

Commodities

Exchange-Traded Funds, Equity Futures Fall Pre-Bell Monday as Investors Await Details on US Sanctions Against Iran

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Monday's premarket activity as investors await details of US President Donald Trump's planned sanctions on Iran.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures retreating 0.5% before the start of regular trading.In premarket activity, bitcoin was up by 1.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% higher, Ether ETF (EETH) advanced 3.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 2.3%.The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of negative 0.08 in July from 0.06 in June, compared with expectations for a smaller decrease to negative 0.05 in a Bloomberg survey.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.9%, the iShares US Technology ETF (IYW) was 0.5% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined 1.3% while the iShares Semiconductor ETF (SOXX) fell 1.6%.Parsons (PSN) shares were up nearly 2% after the company said it received a $514 million contract option from the United States Department of Defense's Missile Defense Agency to provide engineering and technical support.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.1% higher, and the iShares US Consumer Staples ETF (IYK) was 0.4% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 1.1%%.Alibaba Group (BABA) shares were down more than 2% pre-bell a day after the company priced a placement of 710 million new shares at 112.70 Hong Kong dollars ($14.38) apiece in Hong Kong for about HK$80 billion in proceeds.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) fell 3%. The iShares Biotechnology ETF (IBB) gained 0.3%.GSK's (GSK) stock was down 1% despite the company announcing positive regulatory updates, including approval for Hibsago in Japan and a priority review for Jemperli in the US.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% lower.Aegon (AEG) shares traded up 1% in early-hours activity after the company said it has increased its H2 share buyback program by 150 million euros ($174.9 million) to 350 million euros, effective Monday.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.01%, the Vanguard Industrials Index Fund (VIS) was down 0.1%, and the iShares US Industrials ETF (IYJ) rose 2%.United Airlines (UAL) stock was up more than 1% before the opening bell after CNBC reported Sunday that the air carrier is set to return to JFK airport through a partnership with JetBlue Airways (JBLU) as early as 2027. JetBlue stock also rose 1%.EnergyThe iShares US Energy ETF (IYE) was down 1%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.3% lower.Eni (E) stock was up more than 1% before market open, extending the previous session's loss. The Financial Times reported Monday that the company is expanding its investment in nuclear fusion, targeting a commercial fusion plant in Europe by the early 2040s or sooner.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.7% to reach $85.55 per barrel on the New York Mercantile Exchange. Natural gas was up 1.5% at $2.82 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased 1.3%, while the United States Natural Gas Fund (UNG) was 3.4% higher.Gold futures for November were up by 0.7% at $4,716.00 an ounce on the Comex. Silver futures gained 0.4% to reach $70.05 an ounce. SPDR Gold Shares (GLD) rose 1.1%, and the iShares Silver Trust (SLV) was 0.2% lower.

Dow JonesNasdaq CompositeS&P 500$AEG$BABA$BETH$BITO$E$EEM$EETH$EXI$FAS$FAZ$GLD$GSK$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JBLU$PMR$PSN$QQQ$RTH$SLV$SOXX$SPY$UAL$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Equities

Equinor, Var Energi, Aker BP to Collaborate on Norway Gas Exploration

Equinor (EQNR), Eni's (E) Var Energi, and Aker BP said Monday they have agreed to collaborate on oil and gas exploration on the Norwegian continental shelf.The companies said that over the next four to five years, they plan to mature and test 20 to 25 exploration opportunities, aiming to drill around five high-impact exploration wells annually.The parties said they will share risk and combine expertise, data, technology and exploration capacity, targeting selected high-impact exploration opportunities on the Norwegian continental shelf.BP owns a 15.9% stake in Aker BP, while Eni holds 63.04% of Var Energi, according to their respective websites.

$BP$E$EQNR
Commodities

Market Chatter: Eni Boosts Fusion Investment, Sees Nuclear as its 'Next Refinery'

Italian energy giant Eni (E) is increasing its investments in nuclear fusion, aiming to be among the first to commercialise it in Europe and expecting the technology will become its "next refinery", the Financial Times reported Sunday.Competition in the fusion industry is growing as the technology and expectations have advanced significantly over the past five to six years, with fusion increasingly being viewed as an industry rather than purely a research field, the report said, citing Francesca Ferrazza, head of magnetic fusion initiatives at Eni.Eni is targeting a commercial fusion plant in Europe by the early 2040s or sooner, developed by US start-up Commonwealth Fusion Systems, an Eni portfolio company. CFS has secured about $3 billion in funding so far and plans to bring its first commercial plant online in the US by the early 2030s, Ferrazza said.Energy majors like Shell (SHEL) and Chevron (CVX) and Germany's RWE are among those to have invested in fusion, seen by some as the "holy grail" of energy due to its potential for abundant, low-carbon electricity, the report said.has reached out to Eni for a comment.(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.)

$E
Equities

Market Chatter: Eni Eyes Nuclear Fusion as Next Major Energy Opportunity

Eni (E) is expanding its investment in nuclear fusion, targeting a commercial fusion plant in Europe by the early 2040s or sooner, the Financial Times reported Monday.The energy company is working with Commonwealth Fusion Systems and plans to develop a European plant after CFS's first US facility, with a roughly $1 billion power purchase agreement already in place, according to the report.Eni is focusing on the fusion fuel cycle, leveraging its hydrogen and hydrocarbon expertise, and expects commercial projects to require billions of dollars as competition grows, the report added.Eni did not immediately respond to' requests for comments.(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.)

$E
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Higher in Friday Trading

European equities traded in the US as American depositary receipts were trending higher late Friday morning, rising 0.74% to 1,979.62 on the S&P Europe Select ADR Index, which is up 0.55% for the week so far.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and biotech firm BioNTech (BNTX), which advanced 7.2% and 6.2%, respectively. They were followed by lender Banco Santander (SAN) and furniture maker Natuzzi (NTZ), which rose 2.9% and 1.7%, respectively.The decliners from continental Europe were led by biopharmaceutical company Cellectis (CLLS) and oil and gas company Eni (E), which dropped 4.2% and 1.2%, respectively. They were followed by medical device maker EDAP TMS (FOCL) and healthcare tech company Royal Philips (PHG), which were off 1.1% and 0.4%, respectively.The gainers from the UK were led by biotech firm Trinity Biotech (TRIB) and biopharmaceutical firm Bicycle Therapeutics (BCYC), which climbed 6.6% and 4.3%, respectively. They were followed by mining company BHP Group (BHP) and lender Lloyds Banking Group (LYG), which were up 2.9% and 2.1%, respectively.The decliners from the UK and Ireland were led by telecommunications operator Vodafone Group (VOD) and biotech firm Autolus Therapeutics (AUTL), which lost 0.5% and 0.4% respectively. They were followed by alcoholic beverage company Diageo (DEO) and hospitality company Intercontinental Hotels Group (IHG), which were down 0.3% each.

$AUTL$BCYC$BHP$BNTX$CLLS$DEO$E$FOCL$IHG$LYG$NTZ$PHG$SAN$TRIB$TRVG$VOD
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading

European equities traded in the US as American depositary receipts were tracking higher late Thursday morning, rising 0.52% to 1,977.10 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and biopharmaceutical company Cellectis (CLLS), which climbed 5.6% and 4.1%, respectively. They were followed by oil and gas company Eni (E) and semiconductor company Sequans Communications (SQNS), which advanced 2.3% and 0.6%, respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and biopharmaceutical company DBV Technologies (DBVT), which lost 4.5% and 3.2%, respectively. They were followed by medical device maker EDAP TMS (FOCL) and internet browser company Opera (OPRA), which were down 2.3% and 2.1%, respectively.The gainers from the UK were led by oil and gas companies BP (BP) and Shell (SHEL), which rose 3.7% and 1.9%, respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and lender HSBC (HSBC), which were up 1.4% and 0.9%, respectively.The decliners from the UK and Ireland were led by biopharamceutical firm Mereo BioPharma Group (MREO) and biotech firm Autolus Therapeutics (AUTL), which fell 3.8% and 3.4%, respectively. They were followed by biopharmaceutical company NuCana (NCNA) and software company Endava (DAVA), which were down 3.2% and 1.3%, respectively.

$AUTL$BDRX$BNTX$BP$CLLS$DAVA$DBVT$E$EVAX$FOCL$HSBC$MREO$NCNA$OPRA$SHEL$SQNS
Equities

Berenberg Raises Price Target on Eni to $59.50 From $51, Keeps Hold Rating

Eni's (E) US stock has an average rating of overweight and mean price target of $58.85, according to analysts polled by FactSet.

$E
Equities

Eni, Sonatrach Expand Cooperation to Lower Emissions in Algeria

Eni (E) and Sonatrach have signed a new memorandum of intent focused on decarburization of the oil and gas sector and the reduction of emissions in Algeria, Eni said Monday.The three-year memorandum of intent is dedicated to reducing gas flaring, valorizing recovered gas, and mitigating emissions related to upstream activities in Algeria.

$E
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Lower in Friday Trading

European equities traded in the US as American depositary receipts were tracking lower late Friday morning, declining 0.35% to 1,962.14 on the S&P Europe Select ADR Index, which is up 0.17% for the week so far.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and petroleum refiner Equinor (EQNR), which rose 3.2% and 2.3%, respectively. They were followed by oil and gas company Eni (E) and telecommunications firm Nokia (NOK), which were up 0.8% and 0.7%, respectively.The decliners from continental Europe were led by biopharmaceutical companies Cellectis (CLLS) and argenx (ARGX), which dropped 2.5% and 2.1%, respectively. They were followed by biopharmaceutical firm DBV Technologies (DBVT) and biotech company Evaxion (EVAX), which lost 1.8% and 1.6%, respectively.The gainers from the UK were led by biopharmaceutical company NuCana (NCNA) and biotech firm Trinity Biotech (TRIB), which advanced 4.1% and 3.1% respectively. They were followed by oil and gas companies Shell (SHEL) and BP (BP), which increased 1.7% and 0.9% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which fell 7.4% and 3.9% respectively. They were followed by biopharmaceutical companies Bicycle Therapeutics (BCYC) and Akari Therapeutics (AKTX), which were down 2.3% and 1.3% respectively.

$AKTX$ARGX$AUTL$BCYC$BDRX$BP$CLLS$DBVT$E$EQNR$EVAX$NCNA$NOK$SHEL$SQNS$TRIB
Sectors

Sector Update: Energy Stocks Edge Higher Pre-Bell Friday

Energy stocks were edging higher pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 0.8% higher.Front-month US West Texas Intermediate crude oil was 0.1% higher at $81.31 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell marginally to $87.05 per barrel, and natural gas futures were up 0.9% at $2.75 per 1 million British Thermal Units.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported, citing a Diversified Energy statement. Shares of Diversified Energy were up more than 2% premarket.BP (BP) received an exploration and production license for phase 2 of the Loran offshore gas field in Venezuela's Plataforma Deltana area with an estimated 4 trillion cubic feet of recoverable gas resources, the company said. Shares of BP were 0.3% higher pre-bell.Eni (E) and its partners have submitted an application for an Argentinian liquefied natural gas project to join the so-called Large Investment Incentive Regime, which is designed to promote investments in the South American nation's strategic sectors, Eni said. Eni shares were up 0.1% premarket.

$BP$DEC$E$UNG$USO$XLE
Oil & Energy

YPF, Eni, XRG-Backed Argentina LNG Seeks Approval for $51 Billion Vaca Muerta LNG Project

Argentina LNG, a project promoted by energy majors YPF and Eni (E) and Adnoc's XRG, has applied to join Argentina's Large Investment Incentive Regime or RIGI to support its integrated liquefied natural gas production and export project.The roughly $51 billion project is Argentina's largest ever private undertaking and also the largest project submitted under the RIGI framework so far, YPF said in a statement on Thursday.The project intends to convert Vaca Muerta gas resources into LNG for global markets, with gas production in Neuquen, dedicated transportation infrastructure and processing facilities, and liquids fractionation trains.It will feature two floating LNG units with 12 metric tonnes per annum capacity operating offshore Rio Negro in the Gulf of San Matias, the statement said.The project is expected to generate about $10 billion in export revenue annually for 20 years.Argentina LNG plans to invest $51 billion over the project's lifetime, including $29 billion by 2031, when the two FLNG units are expected to commence operations. About $24 billion of that amount is to be allocated for the development of strategic infrastructure and $5 billion for upstream development and drilling.A significant part of the investment during the construction phase is expected to be supported by project finance secured from international markets and by long-term export agreements with international buyers, the statement said."The submission of the RIGI application represents an important milestone toward the project's Final Investment Decision (FID), which is targeted by the end of 2026," Eni said in a separate statement.

$E
Equities

Eni's Multi-Billion-Dollar Joint Venture Argentina LNG Files Application to Join Government Incentive Program

Eni (E) and its partners have submitted an application for an Argentinian liquefied natural gas project to join the so-called Large Investment Incentive Regime, or RIGI, which is designed to promote investments in the South American nation's strategic sectors, Eni said Friday in a statement.Argentina's majority state-owned oil firm YPF, in partnership with Eni and XRG, the international investment firm owned by Abu Dhabi's petroleum giant ADNOC, plans to tap Vaca Muerta's gas resources and develop an LNG export platform to supply international markets, according to the statement.The project includes gas transportation and processing facilities in upstream gas production and export infrastructure, as well as two floating liquefied natural gas units with a combined liquefaction capacity of 12 million tonnes per year, Eni said.The total planned investments in Argentina LNG are about $51 billion, the Buenos Aires Times reported.RIGI provides a 30-year stability package of tax, customs and foreign exchange benefits for investments over USD 200 million in Argentina's strategic sectors, according to PAMPA Investment Advisory.

$E
Asia Markets

European Equities Traded in the US Rise in Thursday Trading

European equities traded in the US as American depositary receipts were higher late Thursday morning, rising 0.45% to 1,969.72 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and biotech firm Evaxion (EVAX), which rose 4.9% and 2.9% respectively. They were followed by telecommunications company Nokia (NOK) and healthcare tech company Royal Philips (PHG), which increased 2.8% and 1.9% respectively.The decliners from continental Europe were led by Ascendis Pharma (ASND) and petroleum refiner Equinor (EQNR), which fell 3.8% and 2.8% respectively. They were followed by oil and gas company Eni (E) and pharmaceutical company Novo Nordisk (NVO), which were down 1.8% and 0.7% respectively.The gainers from the UK were led by Autolus Therapeutics (AUTL) and Silence Therapeutics (SLN), which rose 4.7% and 3.6% respectively. They were followed by software firm Endava (DAVA) and British American Tobacco (BTI), which were up 3.3% and 2.9% respectively.The decliners from the UK and Ireland were led by Trinity Biotech (TRIB) and Mereo BioPharma Group (MREO), which lost 3% and 2.5% respectively. They were followed by mining firm BHP (BHP) and oil and gas company BP (BP), which fell 1.8% and 1.5% respectively.

$ASND$AUTL$BHP$BP$BTI$CLLS$DAVA$E$EQNR$EVAX$MREO$NOK$NVO$PHG$SLN$TRIB
Equities

TechnipFMC Wins Pipe Contract for Azule Energy's West Hub Tails Project

TechnipFMC (FTI) won a contract valued at $75 million to $250 million to supply flexible flowlines and risers for Azule Energy's West Hub Tails project offshore Angola.The award will be included in Q3 inbound orders, TechnipFMC said Tuesday in a statement.TechnipFMC will design and manufacture flowlines, risers, and associated equipment to accommodate production from the West Hub area for consolidation into the Agogo floating production, storage, and offloading vessel.Azule is a joint venture between BP (BP) and Eni (E).

$BP$E$FTI
Sectors

Sector Update: Energy Stocks Advance Premarket Monday

Energy stocks were advancing premarket Monday, with The State Street Energy Select Sector SPDR ETF (XLE) up 1.2%.The United States Oil Fund (USO) was up 3.1% and The United States Natural Gas Fund (UNG) was 3.9% higher.Front-month US West Texas Intermediate crude oil was 1.7% higher at $79.53 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $85.03 per barrel, and natural gas futures were up 4.2% at $2.77 per 1 million British Thermal Units.National Energy Services Reunited (NESR) stock was up more than 7% after the company posted higher Q2 adjusted earnings and revenue.Seadrill (SDRL) shares were up over 7% after the company reported that it swung to Q2 earnings as operating revenue increased during the period and Seadrill raised its 2026 sales outlook.Eni (E) and United Arab Emirates-based Khazna Data Center have received approval from the European Commission to create a joint venture focused on the construction, management and operation of data centers, the Commission said. Shares of Eni were 0.9% higher pre-bell.

$E$NESR$SDRL$UNG$USO$XLE
Commodities

European Commission Approves Eni, Khazna JV

The European Commission has approved the formation of a joint venture by UAE-based Khazna Data Center Holdings and Italy's Eni (E), it said in a statement on Monday.The joint venture will focus on the building, management and operation of data centers, the commission said.The EU executive body said the deal would not raise competition concerns given the limited market position that would result from the deal.

$E
Equities

Eni, Khazna Receive EU Clearance for Data Center JV

Eni (E) and United Arab Emirates-based Khazna Data Center have received approval from the European Commission to create a joint venture focused on the construction, management and operation of data centers, the Commission said Monday.The transaction would not raise competition concerns due to the companies' limited combined market positions, the regulator said.The deal was reviewed under the EU's simplified merger procedure, it added.

$E
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Friday Trading

European equities traded in the US as American depositary receipts were trending higher late Friday morning, rising 0.91% to 1,957.71 on the S&P Europe Select ADR Index, which is up 1.6% for the week so far.From continental Europe, the gainers were led by internet ad firm Criteo (CRTO) and software company SAP (SAP), which rose 4.1% and 3.8% respectively. They were followed by accommodations booking site trivago (TRVG) and semiconductor company Sequans Communications (SQNS), which were up 3.3% and 2.9% respectively.The decliners from continental Europe were led by furniture maker Natuzzi (NTZ) and oil and gas company Eni (E), which dropped 12% and 1.3% respectively. They were followed by petroleum refiner Equinor (EQNR) and telecommunications company Nokia (NOK), which were off 0.9% and 0.6% respectively.The gainers from the UK were led by communications company WPP (WPP) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which advanced 5% and 4.8% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Bicycle Therapeutics (BCYC), which increased 4.3% and 4% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which fell 2.5% and 1.2% respectively. They were followed by oil and gas company Shell (SHEL) and biopharmaceutical company NuCana (NCNA), which lost 1.1% and 0.7% respectively.

$AKTX$AUTL$BCYC$BDRX$BP$CRTO$E$EQNR$NCNA$NOK$NTZ$SAP$SHEL$SQNS$TRVG$WPP
Commodities

Asset Quality, Location now Define Refining Sector Winners, Says Rystad

Competitiveness in the refining sector now depends more than anything else on asset quality, configuration and location, analysts at Rystad said in their Refinery Market Review and Outlook.The US Gulf Coast is now among the most competitive globally, with plentiful cheap crude, a deep conversion capacity and strong export routes, while higher cost assets are slipping in the ranks, the report summary said.Capacity growth from 2015 to 2026 has been concentrated in Asia first and foremost with the Middle East and Africa ranking behind it. Capacity in North America has not changed while there has been a net decline in Europe, the report said.New capacity added in that period, 59 refineries versus 83 that closed, is generally larger, more complex and more focused on exports.Margins for jet fuel and diesel cracks have been the strongest signals in H1, 2026 while naphtha and high-sulfur fuel oil were weak, thereby rewarding refineries that can upgrade lower-value streams.Asia is the largest refined-fuels center with a capacity of more than 30 million barrels a day but it still lacks about 3 million bpd of LPG, 1.5 million bpd of naphtha and 1.3 million of fuel oil.Gasoline demand is falling yearly to about 26.4 million bpd now as sales of electric vehicles accelerate and with increased blending of bioethanol into the fossil fuel. Total biofuel demand is now 1.75 million bpd, the report said.Diesel now holds above 23 million bpd and trucks now use about 67% of this, underscoring the fuel's tight links to freight, goods movement and industrial productivity.National oil companies and pure refiners have led growth in capacity, with Sinopec at 6.5 million bpd, ExxonMobil (XOM) at 4.1 million and Marathon at 3.1 million bpd.Biorefining and circular value chains, led by Eni (E), TotalEnergies (TTE) and Exxonmobil (XOM), are emerging as a new "strategic battleground", the report said.The closure of the Strait of Hormuz since March has left the market structurally short, with a crude balance of around 4 million bpd and refined product balance now 3.8 billion bpd below pre-conflict levels.Global product demand will decline to 65 million bpd by 2050, the report forecasts, after first peaking in the early 2030s at about 82 million bpd. Asia will lead the decline at 6.3 million bpd while African demand will grow, by 500,000 bpd, the report says.By product, demand for gasoline will drop most, falling 11.9 million bpd while jet and kerosene volumes will increase.

$E$TTE$XOM
Asia Markets

European Equities Traded in US as ADRs Advance in Tuesday Trading

European equities traded in the US as American depositary receipts rose late Tuesday morning with the S&P Europe Select ADR Index gaining 0.6% to 1,941.81.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and medical device maker EDAP TMS (FOCL), which climbed 11% and 5.3%, respectively. They were followed by telecommunications company Nokia (NOK) and internet ad firm Criteo (CRTO), which advanced 5.2% and 3.2%, respectively.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which fell 2.1% and 1.8%, respectively. They were followed by accommodations platform trivago (TRVG) and pharmaceutical company Ascendis Pharma (ASND), which were down 0.9% each.The gainers from the UK were led by mining company BHP Group (BHP) and pharmaceutical company Silence Therapeutics (SLN), which rose 3.8% and 3%, respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and lender Barclays (BCS), which were up 2.5% and 1.3%, respectively.The decliners from the UK and Ireland were led by medical device maker Smith & Nephew (SNN) and oil and gas company BP (BP), which dropped 5.8% and 4%, respectively. They were followed by educational publisher Pearson (PSO) and oil and gas company Shell (SHEL), which lost 1.6% and 1.4%, respectively.

$ASND$AUTL$BCS$BHP$BP$CRTO$E$EQNR$FOCL$NOK$PSO$SHEL$SLN$SNN$SQNS$TRVG

Showing 41-60 of 214

Track with the FINWIRES app suite