European Oil Companies Rise on Easing China-U.S. Trade Tensions -- Market Talk

Dow Jones

2025/05/12

0749 GMT - European integrated oil-and-gas companies trade up on easing U.S.-China trade tensions and an improved outlook for global economic growth. In early morning European trade, Spain's Repsol trades up 3.4% while France's TotalEnergies and Norway's Equinor rise around 3.1%. Britain's BP and Shell rise 2.9% and 2.6% respectively, while Italy's Eni rises 2.4%. Portugal's Galp Energia trades up 2%. The rises come as China and the U.S. have suspended the bulk of their reciprocal and retaliatory tariffs while negotiations continue.(adam.whittaker@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 03:49 ET (07:49 GMT)

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In early morning European trade, Spain's Repsol trades up 3.4% while France's TotalEnergies and Norway's Equinor rise around 3.1%. Britain's BP and Shell rise 2.9% and 2.6% respectively, while Italy's Eni rises 2.4%. Portugal's Galp Energia trades up 2%. The rises come as China and the U.S. have suspended the bulk of their reciprocal and retaliatory tariffs while negotiations continue.(adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 12, 2025 03:49 ET (07:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}