European Oil Companies Rise on Easing China-U.S. Trade Tensions -- Market Talk
Dow Jones
May 12, 2025
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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