Spain

Josu Imaz, the chief executive of Repsol, said that the company is not in a hurry to list the oil and gas production unit it has in the United States. This will temper expectations for a 'initial public offering' or reverse merger. Imaz said in late 2018 that its upstream unit is preparing for a liquidity event by 2026. This could be an IPO, or a reverse merge with a listed company?in the U.S. He said that while the unit is technically "ready to go to the American market", it would be better if the fundamentals of the upstream sector...

Repsol, the Spanish oil refiner, posted a 57% increase of its first-quarter adjusted profit on Thursday as oil refining margins soared. It also announced that it would increase kerosene output by 15 to 20% in response to global jet fuel shortages due to the Iran War. The main Spanish refiner and oil company booked an adjusted net profit of 873 millions euros ($1.02billion), which is still below the average forecast provided by the company of 897million euros. The company's refining margin in Spain has more than doubled since a year earlier, reaching $10.9 per barrel. The company said that the...

Senegal has banned all travel abroad by top officials and ministers that is not essential. The government warned of "extremely challenging" times as a result of the U.S./Israeli conflict with Iran, which will increase global oil prices, straining Senegal's budget. The price of Brent crude has soared and governments have been urged to act to reduce the negative effects. Senegal Prime Minister Ousmane sonko, speaking at a youth event on Friday night in Mbour, pointed out that oil is trading for about $115 per barrel, almost twice what was assumed to be the price in Senegal’s budget projections. He announced...

People with knowledge of the discussions said that Chinese investors Guoxin Guotong Fund and CNIC Corporation are considering selling their 33.3% share in Spanish 'gas network operator Redexis' as the country prepares to introduce a new framework for remuneration. Three sources confirmed that the two investors had begun a process of hiring?advisers in order to evaluate the sale. Two sources say that a?deal could value Redexis between 2 billion and 2.5 billion?euros (2.3-$2.9billion). * In 2018, the two Chinese investors bought?33.3% Redexis. According to the website of Redexis, pension funds?Arbejdsmarkedets Tillaegspension?and Universities?Superannuation Scheme own each 33.3%. Sources say that pension...

Spanish stocks slid Wednesday following fresh threats of a trade embargo from the White House. Other regional benchmarks also climbed after a brutal global sell-off that dragged stock prices to more than one-month lows amid fears about the Middle East conflict. The pan-European STOXX 600 index was up 0.6% to 607.92 by 0939 GMT. This follows two sessions in which the index lost more than 4% since Friday's record high. The benchmark index rose the most in the Technology and Healthcare sectors. The STOXX Volatility Index, Europe's fear gauge after four sessions of gains, has slipped 2.3 points. Spain also...

The Venezuelan government owes Repsol 4,55 billion euros ($5,37 billion), the Spanish energy group said in its report for the first-time on Thursday. Repsol is active in Venezuela since over 30 years, employs staff and is a major partner of the state energy company PDVSA. It is one of a few companies that have been granted a license to run oil and natural gas operations in Venezuela by the U.S. Treasury Department’s Office of Foreign Assets Control. Repsol received a permit in March of last year from the U.S. authorities allowing it to receive PDVSA oil as "payment for debt"....

Robert Harvey and Pietro Lombardi MADRID/LONDON - Spanish energy major Repsol appointed Juan 'Romero' as its global head for trading on Friday, according to a company spokesperson. The company announced that Juan Romero would replace Jose Antonio Correa who retired. The news was not previously reported. Repsol wants to expand its trading division in order to achieve its broader strategy, which is to transition from an oil and gas company into a multi-energy provider. This shift comes at the same time as it considers a reverse merge for its upstream business. Romero, who has a LinkedIn profile, worked for Repsol...

By America Hernandez PARIS, February 5, 2019 - French oil giant?TotalEnergies signed two agreements to supply Airbus with 3.3 terawatt hours of electricity. The companies stated that this amount would cover half the sites’ power needs in the next decade. Germany and Britain are key growth markets for Total. Total is focusing on markets that have deregulated electricity markets, where it can own and build renewable assets and sell directly to clients. The company has a'strategy' that includes owning gas-fired plants and signing supply deals to provide continuous power sourced both from renewables and gas assets. These contracts, which are...

Trafigura, a trading house, has sold its first shipment of Venezuelan crude oil, as part of an agreement between Caracas, Venezuela, and Washington for the supply of 50 million barrels of oil. The Spanish refiner Repsol is expected to receive a shipment of this quantity. Two sources stated that the cargo should be delivered to Repsol by mid-February. Trafigura and Repsol have declined to comment. The agreement would be one of the first to sell Venezuelan oil in Europe since the United States captured Venezuela's leader at the beginning of this month, and struck an agreement with Caracas for the...

Sources in the industry said that Trafigura sold its first cargo of Venezuelan crude oil as part of a 50 million barrel supply agreement between Caracas, Washington and Spain. The shipment was taken by Spanish refiner Repsol. Two sources confirmed that the cargo will be delivered in Spain to Repsol in February. Trafigura did not respond immediately to a comment request. Repsol refused to comment. This deal marks the first time that Venezuelan oil has been sold to Europe since the United States seized?the South American nation's leader earlier this month, and struck agreements with Caracas for the export of...

BBVA is the only major bank in the world with a significant 'presence' in Venezuela. Its chairperson said that BBVA was well positioned to 'take advantage of the new business opportunities created by the U.S. intervening in the country which has the largest oil reserves in the world. Venezuela has an interim government since the United States captured Nicolas Maduro in early?this?month. The situation presents potential business opportunities for international banks. However, analysts have warned that there will still be many challenges. Carlos Torres, BBVA's Carlos Torres, told Expansion that if greater stability is achieved in the future, they will...

Portuguese energy company Galp is in talks with private equity-backed Moeve to merge their refining and?chemicals businesses as well as fuel retail businesses. They announced the deal on Thursday. According to their non-binding contract,?Galp, Spain's Moeve and the United Arab Emirates state-owned investment firm Mubadala, as well as U.S. investment firm Carlyle Group plan to form two new companies. One would run 3,500 retail fuel stations, primarily in Spain and Portugal. It would sell more than 6 million metric tonnes of refined products per year. The other would run Moeve’s Huelva, Algeciras and Galp’s Sines oil refineries. Three facilities with...

ArcelorMittal’s chief financial officer said that steel imports into the European Union will remain high during the second quarter as buyers rush to get material into the bloc before tighter safety measures are implemented. GenuinoChristino stated that imports were still high at the beginning of the second quarter, even after they had dipped in the first. He said that despite the fact that imports were down in the first quarter, evidence indicates?that they are still high at least for the start of quarter 2. In July, the?EU will implement a new policy that will reduce steel import quotas by half....

ArcelorMittal, the world's second-largest steelmaker, reported stronger-than-expected core earnings ?on Thursday, helped by ?higher steel prices and ?improved performance ?in its North America business. According to LSEG data, the Luxembourg-based firm posted core earnings in the first quarter of 1,68 billion dollars, exceeding analysts' estimates of $1.65billion. Aditya Mittal, CEO of Aditya Mittal Group, said in the earnings report that "the fundamentals of our business have improved in the last three months." He said that the performance in the first three months was resilient, despite "unsettled background" in the Middle East. EU STEELMAKERS SEEK RECOVERY Despite the fact that demand...

In the first quarter of 2026 sales of electric cars jumped almost a third on the main European auto markets, as consumers sought alternatives to combustion engines after the war in Iran caused the highest spike in petrol prices for years. Data collected by the trade association E-Mobility Europe, and research firm, New Automotive, on Monday showed that new battery-electric vehicle registrations (BEVs), a proxy of sales, increased 29.4% in comparison to a year earlier, reaching almost 560,000 during the first quarter. They were also up 51.3% in March, with over 240,000 vehicles registered in 15 European markets. The ACEA...

Here are some company news and stories that could have an impact on markets in France and Benelux or individual stocks. RENAULT Jean-Dominique Senard, Chairman of the French automaker Renault Group, will not seek to continue his term in spring 2027. This was confirmed by a source familiar with the matter on Wednesday. AIRBUS SE Airbus, the aerospace manufacturer, has announced a new subsidiary that combines Skywise digital and Navblue into a single entity. KERING SA Kering, the owner of Gucci, announced on Wednesday that it had struck a deal with Qatar's Al-Mirqab Group in which they would?sell? an 80%...

European shares rose in choppy trade on Monday, as energy stocks rose. Investors awaited the inflation data that would be released by Germany, the largest economy of the euro zone, which could shed light on the impact the Middle East War has had on the Eurozone. The pan-European STOXX 600 index was up 0.2% to 576.55 as of 0938 GMT after two consecutive days of losses. The European stock index is down 9% this month, and will likely have its biggest monthly drop since March 2020. Michael Hewson is a senior analyst at iForex and expects that European stocks will...

European shares were little changed on Monday, ahead of a local inflation report. Investors also continued to watch the Middle East conflict that has impacted global markets. As of 0809 GMT, the pan-European STOXX 600 index was flat at 574.98. Defense sector was the worst hit with a 0.8% drop. The focus is on Germany's CPI data and HICP numbers due later in the day, to gauge the effect of the war on Europe’s largest economy. The Middle East conflict has pushed oil prices higher, causing inflation fears. This is pushing Europe's STOXX600 toward its steepest drop since March 2020....

Three people familiar with the matter said that Guinea and Emirates Global Aluminium (EGA), had reached an agreement which will prevent a looming arbitration over the seizure last year of the miner’s local unit. According to traders and officials, as part of a broader resolution, traders have explored bauxite deals that are linked to the assets seized, including structures where upfront payments on future shipments would be used to settle?EGA claims. The deal is still being finalised. It follows the government taking over Guinea Alumina Corporation, EGA's subsidiary for bauxite, in October, following a dispute about alumina refineries. It then...

Three people familiar with the matter said that Guinea and Emirates Global Aluminium (EGA), have reached an agreement which 'will prevent a looming arbitral hearing' over last year's seizure by 'the miner's' local unit. According to traders and government officials, as part of a broader resolution, traders have explored bauxite deals that are linked to the assets seized, including structures whereby upfront prepayments for future shipments would help settle EGA claims. The deal is still being finalised. It follows the government taking over Guinea Alumina Corporation,?EGA's subsidiary for bauxite, in October, following a dispute about alumina refineries. The company then...

Acerinox, a Spanish steelmaker, expects the trade uncertainty to 'fade' and that U.S. steel tariffs will continue to be beneficial to its business. This was stated by Bernardo Velázquez on Friday. According to a J.P. Morgan report from January, the?stainless-steel and high performance alloy producer earns around 90% of its profits in the U.S. Velazquez stated, "We're talking about situations in which we compete against countries who don't follow the rules of our game". Velazquez 'admitted tariffs are a double-edged blade, as they shield their clients from competition in the U.S., but the uncertainty created by President Donald Trumps 'wide...

Acerinox, a Spanish'steelmaker, announced a?net loss for the fourth quarter on Friday. The?results?were affected by low'seasonal demand'?for stainless-steel, tariff tensions, and price pressures. The company recorded a net loss in the third quarter of 47 million euro ($55 million), down from a net profit of 63 million euro a year earlier. Acerinox will?benefit from increased protection within the European Union, thanks to the newly enacted Carbon Border Adjustment Mechanism. However, the steelmaker stated that prices in Europe?trended down due to an increase in imports as a result of these measures. The European Commission also proposed additional safeguards to the industry....

Kraft Heinz halted its plans to split on Wednesday, joining a select group of companies that have retracted major corporate restructurings. It announced plans to split in two, one focusing on sauces and condiments and the other on groceries. Some major companies have cancelled plans to split. DUPONT DuPont, a manufacturer of industrial materials, announced in January 2025 that it would no longer'separate their water business and turn it into a publicly-traded company. Instead, they will'spin off its electronics business. VIRGIN O2 Marc Murtra, the CEO of Telefonica, announced that in July 2025 they had scrapped their plan to spin...

Aperam, a European stainless steel manufacturer,?reported on Friday fourth-quarter core earning slightly below the market expectations, but said?they will rise quarter-onquarter in the first third months of 2026. This sent its shares 8% higher. The European Union's newly enacted Carbon Border adjustment Mechanism (CBAM), as well as the European Commission proposal to reduce import quotas, will provide increased protection for European steelmakers. Aperam CEO Sud sivaji said that even though steel prices in Europe were low in 2025 the trade protection measures of the EU should lead to an increase in the use of production capacity. Aperam CEO Sud Sivaji...