Oil
US stocks mixed as oil dips, SMI extends losses; ABB falls, Richemont rises
U.S. benchmarks diverge with Dow up 0.1%, S&P 500 down 0.3% and Nasdaq 100 down 0.6% as Brent crude drops 1.1% to $93.10. Swiss SMI falls 0.47% with ABB leading decliners and Richemont among top gainers.
US stocks slip at week’s open; Intel, AMD drag tech; SMI near lows
Dow, S&P 500 and Nasdaq 100 fall 0.1%, 0.3% and 0.6% respectively as chipmakers lag. Brent crude dips 1% to $93.22/bbl amid Iran sanctions outlook.
Swiss stocks rise as US futures gain; ABB, Logitech lead gains
Swiss Market Index climbs 0.21% as European peers advance; Amrize drops after CFO exit, Orior slumps on guidance cut. Oil, gold and crypto prices mixed.
Expion360 rebrands as Expion Energy, enters oil and gas sector with Louisiana deal
The company formerly focused on battery production will acquire an oil and gas exploration opportunity in eastern Louisiana for $3.425 million, with plans to lease up to $4 million in acreage. The deal requires drilling by February 2027.
TotalEnergies CEO flags crude bearishness, product market strength
Patrick Pouyanne warns of a divergent oil market as benchmark crude trades near $90/bbl while refined products command elevated premiums. U.S. gasoline seen holding above $4 under Trump policy.
European stocks mixed as Iran sanctions, Nvidia loom over week
Euro Stoxx 50 slipped 0.22% as traders awaited U.S. sanctions on Iran, Nvidia earnings and Jackson Hole policy signals. FTSE 100 rose 0.35% on metal gains; SMI flat near 14,447.
Global markets cautious amid geopolitical tensions and Nvidia earnings
Swiss and European equities edge lower as investors await key U.S. data, central bank signals and Nvidia’s AI chip results. Oil and gold move in opposite directions.
Swiss equities slip as SMI lags; Roche, Novartis weigh; Richemont gains
Swiss benchmark SMI falls 0.25% to 14,423 as Roche and Novartis slide, while Richemont leads gains. US futures point to a softer open after a mixed week.
Europe’s EV sales surge to 20.7% market share on high fuel costs, incentives
Battery-electric car registrations in Europe rose 40.4% in H1 and reached 20.7% of all new sales, driven by record fuel prices, state subsidies and cheaper models. France and Germany posted shares above 30% and 29% respectively.
US stocks mixed as Nvidia, Iran tensions weigh; SMI edges lower
Dow ekes out gains while S&P 500 and Nasdaq 100 retreat; Nvidia faces scrutiny ahead of earnings. SMI slips 0.26% as ABB, Roche weigh.
Exxon to automate half of Permian drilling fleet by 2028 in output push
Oil major targets 2.5 million boepd in Permian by 2030 as robotic rigs cut costs and injuries. Automated fleet expansion follows early success with two robotic rigs.
Six EU countries push for September talks on taxing oil firms' windfall profits
Germany, Spain, Italy and three others urge EU finance ministers to address surging energy costs with a targeted windfall tax framework ahead of September meeting in Dublin.
Swiss stocks slip as pharma giants weigh; Nestlé rises, biotech drags
SMI falls 0.25% to 14,423 as Roche and Novartis decline; Nestlé gains 0.5%. Biotech sector under pressure amid broader market caution ahead of key U.S. events.
Swiss market falls as Roche, Novartis weigh; Nestlé, Holcim rise
SMI slips 0.15% as pharma majors drag; Nestlé gains 0.5% while biotech stocks retreat. Brent oil drops 1.5% to $92.94 amid geopolitical jitters.
Rockhopper to raise capital for second Sea Lion FPSO amid project expansion
Rockhopper Exploration plans a capital raise to fund its 35% share of a second FPSO for the Sea Lion oil project, with Navitas Petroleum exercising an option to acquire the vessel. First oil from the Northern Development Area remains on track for early 2028.
Swiss market opens lower as pharma stocks weigh; gold hits 3-month high
SMI falls 0.22% in pre-market as Roche and Novartis drag; DAX seen little changed. Brent oil dips 1.5% to $92.94/barrel; WTI at $85.61. Gold climbs 0.75% to $4,637/oz.
Iran discovers major natural gas field with 212 bcm reserves
New field in southern Fars province holds 212 billion cubic meters of gas, with 161 bcm recoverable. State media cites lower costs due to sweet gas composition amid production declines from war-related damage.
U.S. to unveil sweeping sanctions on Iran as tensions escalate
Treasury Secretary Scott Bessent warns of a 'global pariah' designation for allies of Tehran. Iranian official vows oil exports will halt if economic pressure persists.
U.S. Treasury announces sweeping sanctions against Iran amid oil export threat
Washington prepares 'economic D-Day' targeting Tehran's financial networks, as Iran vows to halt all oil shipments through the Strait of Hormuz.
London Gas Oil holds near $1,241 as traders eye $1,328 resistance
London Gas Oil futures consolidate in a tight range ahead of a potential breakout above $1,260. Technical indicators suggest limited near-term momentum.
European stocks end week near July lows as oil, bonds weigh
Stoxx 600 closes down 0.6% for the week; Brent crude hits one-month high on geopolitical risks while German 10-year bund yields near 2011 peaks.
U.S., Iran escalate rhetoric as new sanctions set for Monday rollout
Washington and Tehran exchange threats ahead of Washington’s announcement of sweeping new economic penalties on Iran, while oil flows through the Strait of Hormuz remain near halt.
US stocks set for weekly lows as Walmart drags; Swiss market extends losses
Walmart shares slump 6% in pre-market after weak U.S. sales, dragging retail peers lower. SMI extends declines as Logitech and Swiss Re lead losers; oil hits four-week high.
German DAX falls below 26,000 points amid energy and rate pressures
The German blue-chip index slipped 0.65% to 25,921 points, extending losses as rising oil prices and bond yields weighed on sentiment. The Euro Stoxx 50 and MDax also declined.