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Exxon signals Q1 upstream profit bump from Iran war, downstream boost in later quarters

Exxon signals Q1 upstream profit bump from Iran war, downstream boost in later quarters

By Sheila Dang HOUSTON, April 8 (Reuters) - Higher oil and gas prices due to the U.S.-Israeli war on Iran could boost Exxon Mobil's first-quarter upstream earnings by up to $2.9 billion, outweighing the impact of disruptions to some of its oil and gas production in the Middle East, the U.S. oil
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Global energy stocks plunge as US-Iran ceasefire hits oil

Global energy stocks plunge as US-Iran ceasefire hits oil

April 8 (Reuters) - U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100 per barrel after U.S.
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US stock futures dip over shaky Mideast truce; inflation in focus

US stock futures dip over shaky Mideast truce; inflation in focus

April 9 (Reuters) - U.S. stock futures inched lower on Thursday after the indexes rallied in the previous session, as cracks emerged in the fragile Middle East ceasefire, while investors turned their focus to a domestic inflation reading later in the day. U.S.
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Factbox-Goldman Sachs lowers second-quarter 2026 oil price forecasts on US-Iran ceasefire

Factbox-Goldman Sachs lowers second-quarter 2026 oil price forecasts on US-Iran ceasefire

April 9 (Reuters) - Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, after the U.S. and Iran agreed on a two-week ceasefire.
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Goldman Sachs lowers second-quarter 2026 oil price forecasts

Goldman Sachs lowers second-quarter 2026 oil price forecasts

April 9 (Reuters) - Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-week ceasefire.
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US stock futures edge up as investors assess Mideast ceasefire prospects

US stock futures edge up as investors assess Mideast ceasefire prospects

April 6 (Reuters) - U.S. stock index futures inched higher on Monday, after the main indexes marked their biggest weekly jump in four months in the last session, as investors assessed prospects of an end to the Middle East conflict.
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Phillips 66 faces $900 million loss as Iran crisis lifts oil prices

Phillips 66 faces $900 million loss as Iran crisis lifts oil prices

By Nicole Jao NEW YORK, April 6 (Reuters) - U.S. refiner Phillips 66 said on Monday its first-quarter results were hit by a sharp increase in commodity prices, leaving it with nearly $900 million in pre-tax mark-to-market losses, according to a filing with the Securities and Exchange Commission.
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Wall St futures jump on relief of Middle East ceasefire

Wall St futures jump on relief of Middle East ceasefire

April 8 (Reuters) - U.S. stock index futures jumped on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies from the Middle East could resume. 
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Deal, delay or strike? Investors on edge as Trump's Iran deadline nears

Deal, delay or strike? Investors on edge as Trump's Iran deadline nears

April 7 (Reuters) - Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S.
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US crude premiums climb to record levels as Asia, Europe compete for supply

US crude premiums climb to record levels as Asia, Europe compete for supply

By Florence Tan and Siyi Liu SINGAPORE, April 6 (Reuters) - Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows disrupted by the Iran war, industry sources said.
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European shares climb as Middle East ceasefire sparks relief rally

European shares climb as Middle East ceasefire sparks relief rally

April 8 (Reuters) - European shares jumped more than 3% on Wednesday as a two-week Middle East ceasefire sparked a relief rally across global markets, raising hopes that oil and gas flows through the Strait of Hormuz could soon resume.
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US stock futures inch lower as investors assess Mideast developments

US stock futures inch lower as investors assess Mideast developments

By Purvi Agarwal and Avinash P April 7 (Reuters) - U.S. stock index futures ticked lower on Tuesday as investors assessed comments that indicated the Middle East conflict could escalate, ahead of President Donald Trump's deadline for Iran to reopen the Strait of Hormuz.