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EMEA Oil Update: Brent Above $100 Mark Following Trump's Blockade Order

Brent oil futures jumped about 7% on Monday following Trump's order of blocking Iranian cargoes in the Strait of Hormuz, heightening fears of a prolonged global supply disruption.The Brent futures contract gained about 6.7% to $101.58 per barrel. This follows a volatile last week where prices briefly dipped below $95.Murban closed at $98.16 on April 10 and was not trading as of the time of publishing this oil price update."This morning the Brent June contract is up 7.4% again to $102.2/b as the negotiations this weekend yielded no results while the US also has announced a blockade of the Strait of Hormuz. Now clarified to affect only Iranian cargoes," SEB analysts noted.The primary driver for the price surge is the total collapse of high-level negotiations in Islamabad, Pakistan.After 21 hours of marathon talks between Vice President JD Vance and Iranian officials, the sides failed to reach a deal regarding Iran's nuclear program and regional conflicts.In response, President Donald Trump announced a significant escalation via social media.The US Navy has been instructed to interdict any ships attempting to enter or leave the Strait of Hormuz that are carrying Iranian cargoes, according to Trump's Truth Social post.US forces will begin destroying naval mines allegedly laid by Iran in the shipping lanes, it added.It also includes seeking out vessels in international waters that have paid transit "tolls" to Iran, which the US has labeled illegal.President Trump acknowledged the domestic impact on Sunday, noting that gasoline and oil prices are likely to remain elevated through the November midterm elections.Meanwhile, Iranian officials have reportedly warned that they maintain full control of the waterway.

Equities99d ago

Energean's Power FPSO Unit Now Fully Operational

Energean (ENOG.L) said Monday that its Energean power floating production, storage, and offloading unit is now fully operational, restoring production to regular levels.The UK-listed gas and oil exploration and production company noted that production was restored to regular levels within 48 hours of the UK's Ministry of Energy and Infrastructure issuing a notification.Meanwhile, the natural gas deliveries to customers resumed in line with contractual requirements.

$ENOG.L

Equities99d ago

Update: BP to Acquire Majority Stake in Three Namibian Offshore Exploration Blocks

(Updates to add more information)British oil and gas giant BP (BP.L) agreed to acquire a 60% interest in the PEL97, PEL99, and PEL100 offshore exploration blocks offshore Namibia from Eco Atlantic Oil & Gas (ECO.L).The deal remains subject to Namibian government approvals, with BP to become the operator and Eco Atlantic to continue as a partner on the three blocks, alongside Namibia's national oil company Namcor, according to a Monday release from BP.In a separate same-day statement, Canada-based Eco said it will receive a one-time cash consideration of $2.7 million upon closing. It will keep a 25% interest in the licenses.

$BP.L$ECO.L

Asia99d ago

K.S. Oils' CFO Passes Away

Edible oil company K.S. Oils (NSE:KSOILS, BOM:526209) said its chief financial officer, Sanjeev Goyal, passed away on April 12 April, according to a Monday filing to the Indian stock exchanges.

BOM:526209NSE:KSOILS

Asia99d ago

Market Chatter: China Poised to Export Air Defense Systems to Iran

China is preparing to export new air defense systems to Iran in the next few weeks through third countries to mask their origin, CNN reported Saturday, citing three people familiar with U.S. intelligence assessments.The news outlet considers the move "provocative" as Beijing is said to have helped broker the truce between Washington and Tehran.Beijing is gearing up to transfer shoulder-fired anti-air missile systems known as MANPADs, the news outlet said.President Donald Trump said the deliveries could cause "big problems" for China but did not explain further, the report 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.)

Shanghai Composite^SZSE

Asia99d ago

Immutep Says JPMorgan Reduces Stake

Immutep (ASX:IMM) said JPMorgan and its affiliates have reduced their stake in the company on April 8 to 6.94% or 102.3 million shares from 8.28% or 122.0 million shares, according to a Monday Australian bourse filing.The company's shares were down 10% on market close.

ASX:IMM

Asia99d ago

Enviro Infra Engineers Gets Two Maharashtra EPC Orders Worth INR9.72 Billion; Shares Jump 12%

Enviro Infra Engineers (NSE:EIEL, BOM:544290) has received two letters of empanelment worth a combined 9.72 billion Indian rupees from the Swachh Maharashtra Mission Directorate for projects in Maharashtra, India, according to a Saturday filing on Indian bourses.Shares of the company jumped 12% in Monday's trade.The first project, valued at 5.87 billion rupees, involves the development of 120.50 MLD sewage treatment plant along with 209 km interception and diversion network and 887.20 km sewer network across 306 urban local bodies, the filing said.The second project, worth 3.85 billion rupees, covers the development of 121.10 MLD sewage treatment plant along with 105.50 km interception and diversion network and 433.68 km sewer network across 306 urban local bodies, it added.Both projects will be executed on an engineering, procurement and construction basis within 24 months, the filing said.

BOM:544290NSE:EIEL

Asia99d ago

Market Chatter: US De Facto Representative to Taiwan Calls for Stop to Military Pressure from Beijing

The U.S.' top diplomat in Taiwan called on mainland China to stop threatening and applying military pressure on the island to stabilize relations, Reuters reported Sunday."We further expect China to abandon threats against Taiwan or military pressure. I believe this would help ease cross-strait tensions," Reuters quoted American de facto ambassador to Taiwan, Raymond Green, as saying.Green also called on Beijing to keep communication lines with Taiwanese leaders open to "stabilize cross-strait relations," the report said.The Chinese military patrols around Taiwan daily and views the island as its province.(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.)

Shanghai Composite^SZSE

International99d ago

Ifo: German Building Materials Manufacturers Report 'Distinctly Gloomier' Sentiment in March

The business sentiment among Germany's building materials companies was "distinctly gloomier" in March amid higher energy costs, according to an ifo Institute survey published Monday.The ifo business climate index for the sector dropped to -23.5 points from -17.9 points in February, with companies pessimistic about their present and future situation. Within this context, surveyed companies intend to increase prices and reduce their output.Conversely, ifo noted that order backlogs are "considerably more favorable" in March, rising to -43.5 points from -63.7 points a year ago, suggesting the industry is "slowly emerging" from the crisis, albeit progress is tempered by the fallout from the Middle East conflict.

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Asia99d ago

Oriental Rail Infrastructure Bags Order Worth INR16 Million for Supply of Coaches

Oriental Rail Infrastructure (BOM:531859) has secured an order worth 15.7 million Indian rupees from the Rail Coach Factory, Kapurthala, Indian Railways, according to a BSE filing on Monday.The contract is for the manufacturing, supply, and installation of 25 sets of "one set of seats and berths for LHB GS coaches."The order is expected to be completed by Sept. 28.The company's shares were down over 1% in recent trade.

BOM:531859

Asia99d ago

Market Chatter: Foreigners Maintain Buying Streak on Bursa Malaysia

Foreign investors continued their momentum on Bursa Malaysia, registering net inflows of 470.3 million ringgit and extending their buying streak to three consecutive weeks, The Star reported Monday, citing MBSB Investment Bank.Foreign funds were net purchasers on most trading sessions during the week ended April 10, with notable inflows across several days led by mid-week activity.Meanwhile, retail investors turned net buyers with inflows of 189.2 million ringgit, while local institutions remained in net selling mode for a third straight week, recording outflows of 659.4 million ringgit, the news outlet said.On a regional basis, foreign investors also reversed a seven-week selling trend, with buying interest concentrated in India, Indonesia, Vietnam and the Philippines, while Malaysia and several Asian markets also recorded inflows, reportedly.(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.)

FTSE Bursa Malaysia KLCI

Asia99d ago

Jaya Tiasa Discloses March Production Figures

Jaya Tiasa (KLSE:JTIASA) reported fresh fruit bunch (FFB) production of 57,878 metric tonnes for March 2026, according to a filing with Bursa Malaysia on Friday.Shares gained about 1% in Monday's midday trade.Crude palm oil output stood at 13,442 metric tonnes, while palm kernel production came in at 3,118 metric tonnes, the company said.In addition, log production for the month totaled 12,101 cubic meters.The plantation and timber group did not provide year-on-year comparative figures in the filing.

KLSE:JTIASA

Asia99d ago

Spring Airlines' Attributable Profit Edges Up 2% in 2025

Spring Airlines' (SHA:601021) attributable profit edged up 2% to 2.32 billion yuan in 2025 from 2.27 billion yuan in 2024, according to a Saturday filing with the Shanghai bourse.Earnings per share at the airline increased 2.2% to 2.38 yuan from 2.33 yuan in the previous year.Operating income grew 7.3% year over year to 21.5 billion yuan from 20 billion yuan.Shares decreased 1% during afternoon trading on Monday.

SHA:601021

Equities99d ago

TotalEnergies Reports Hydrocarbon Discovery Offshore Congo

TotalEnergies (TTE.L, TTE.PA) said Monday it made a hydrocarbon discovery on the Moho license, offshore the Republic of Congo.The discovery follows the drilling of the MHNM-6 NFW exploration well, which encountered a hydrocarbon column of 160 meters.The French energy giant also conducted an extensive data acquisition and sampling campaign to support subsurface analysis and future development plans.TotalEnergies EP Congo is the operator of the Moho license with a 63.5% participation.

$TTE.L$TTE.PA

Asia99d ago

EMVision Medical Devices Says Eight Hospitals Recruiting For Validation Trial

EMVision Medical Devices (ASX:EMV) said eight hospitals are actively recruiting and ramping up, expanding trial capacity and supporting increased patient screening activity for its validation trial, according to a Monday Australian bourse filing.The trial is a blinded diagnostic performance study to support the US Food and Drug Administration De Novo clearance for EMVision's emu point-of-care brain scanner product.No device-related adverse events have been reported, it said.It also said the emu Regional Benefits study is advancing through preparations ahead of launch in the second half, with a second grant payment of AU$400,000 received during the quarter.

ASX:EMV

Asia99d ago

Aster DM Completes Expansion of Children's Facility at Aster Whitefield Hospital

Aster DM Healthcare (NSE:ASTERDM, BOM:540975) has completed the expansion of its women and children facility at its Aster Whitefield Hospital in Bengaluru, India, with an investment of 960 million Indian rupees, according to a Monday filing to the Indian stock exchanges.With this expansion, Aster Whitefield's bed capacity increased to 539 beds from 380.The dedicated 159-bed Aster Women and Children facility will feature specialized maternity care.The expansion also boosts Aster's total capacity in the state of Karnataka to 2,573 beds.The company's shares were down nearly 2% in recent trade.

BOM:540975NSE:ASTERDM

Asia99d ago

Middle East Conflict Indirectly Impacts Asia-Pacific Insurers, S&P Says

The Middle East conflict indirectly impacts Asia-Pacific insurers mostly through financial market volatility, S&P Global Ratings said in a recent release.The rating agency expects risks to be manageable under its base-case scenario of the war peaking and the Strait of Hormuz's closure easing during April.S&P expects the insurers to have ample capital buffers to cushion against investment and underwriting stresses from the conflict under the base-case scenario.However, risks could exacerbate under further disruption in the oil markets, with insurers from low-income net energy-importing economies the most exposed, S&P said.Possible losses for the region's insurers will stem from marine and cargo policies given Middle Eastern trade flows, although the segment accounts for a small portion of overall premiums, S&P said.A protracted conflict would raise input costs for insurers, dampen the macroeconomic environment, and worsen living costs, according to credit analyst Philip Chung.Meanwhile, nonlife insurers would face increased claims expenses in motor, property, and commercial lines, leading to increased premiums, the analyst said.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

Japan99d ago

Japan Shares Fall on BOJ Tightening Bets Amid Hormuz Tensions

Japanese shares closed lower on Monday as expectations that the Bank of Japan could tighten policy to support the yen and curb inflation lifted sentiment, after comments from Japan's trade minister pointed to potential rate hikes to counter price pressures linked to the Iran war.U.S. President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of weekend peace talks.The Nikkei 225 fell 0.74%, or 421.34 points, to close at 56,502.77.Ryosei Akazawa, Japan's top trade negotiator at the Ministry of Economy, Trade and Industry, was responding to a proposal raised during a television programme that a stronger yen could help ease rising crude oil import costs.Akazawa said such a policy direction could be considered as one option while assessing its impact on the broader economy, adding that the central bank's 2% inflation target was within reach even as real interest rates remained low.On the corporate front, Renova (TYO:9519) shares rose 5% after it reported March electricity sales beat plan and jumped on year, with limited impact from output curtailment.The Shikoku Bank (TYO:8387) shares gained 6% after it unveiled a three-year plan targeting higher profit and improved capital efficiency through digital transformation.Sakura Internet (TYO:3778) shares climbed 7% after it secured a 3.8 billion yen generative AI infrastructure order expected to support earnings.

Nikkei 225TYO:3778TYO:8387TYO:9519

Equities99d ago

BP to Acquire Majority Stake in Three Namibian Offshore Exploration Blocks

British oil and gas giant BP (BP.L) agreed to acquire a 60% interest in the PEL97, PEL99, and PEL100 offshore exploration blocks offshore Namibia from Eco Atlantic Oil & Gas (ECO.L).The deal remains subject to Namibian government approvals, with BP to become the operator and Eco Atlantic to continue as a partner on the three blocks, alongside Namibia's national oil company Namcor, according to a Monday release.

$BP.L$ECO.L

Asia99d ago

Sichuan Chuantou Energy's Power Generation Slides 7% in Q1

Sichuan Chuantou Energy's (SHA:600674) power generation fell 7.4% to 889 million kilowatt-hours in the first quarter from 960 million kilowatt-hours in the year-ago period, according to a Saturday filing with the Shanghai bourse.Hydropower output slid 6.7% to 845 million kWh from 906 million kWh, while photovoltaic power generation declined 19% to 44 million kWh from 54 million kWh, the filing said.Shares fell 2% during afternoon trading on Monday.

SHA:600674

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