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Energy Sector 4 March 2026 - 27 March 2026

Petrobras Stock Price Slips After Diesel Hike as Brazil Export Tax Blunts Oil Rally

Petrobras Stock Price Slips After Diesel Hike as Brazil Export Tax Blunts Oil Rally

Petrobras shares lost ground Friday after the oil giant announced it’s bumping up diesel prices for distributors starting March 14. The increase pushes local fuel prices higher, though consumers won’t see the entire jump at the pump. U.S.-traded ADRs were off $0.25, changing hands at $18.72 as of 1533 UTC. According to the company, diesel A—what it sells to distributors—will cost an extra 0.38 real per liter. Since retail diesel in Brazil is mixed with biodiesel, that translates to an effective hike of 0.32 real per liter at service stations. The average price for diesel A will hit 3.65 reais per liter.
Oil Stocks Before Market Open Today: What to Know as Crude Surges and Exxon, Chevron, Occidental Rise

Oil Stocks Before Market Open Today: What to Know as Crude Surges and Exxon, Chevron, Occidental Rise

U.S. oil shares pointed higher ahead of Thursday’s open, with Exxon Mobil, Chevron, and Occidental Petroleum gaining ground in premarket trading as crude prices shot up on renewed Gulf shipping attacks. Brent spiked above $100 a barrel for a short stretch before pulling back; at 0733 GMT, it was still up 4.86% at $96.45. WTI, the U.S. standard, climbed 4.64% to $91.30.
Oil Prices Crash 13%: Brent and WTI Tumble as Trump Signals Iran War May End Soon

Oil Prices Crash 13%: Brent and WTI Tumble as Trump Signals Iran War May End Soon

Oil tumbled over 13% Tuesday, with prices reversing sharply after U.S. President Donald Trump commented the Iran conflict could wrap up soon—knocking down those supply fears that had sent crude spiking just the day before. As of 12:58 p.m. EDT, Brent slid $12.46 to $86.50 a barrel; U.S. West Texas Intermediate was off $12.24 at $82.53. “Short-lived war” chatter helped take the edge off, said DBS Bank’s Suvro Sarkar.
BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

BP climbed 2.2% in London on Monday after Brent crude briefly crossed $119 a barrel. Even so, shares are up 7.8% since the U.S.-Israeli war on Iran erupted late last month—well behind crude’s more than 40% surge. That spread points to skepticism about a lasting supply hit; James West at Melius Research noted the market was anticipating a “swift end” to the Strait of Hormuz disruption.
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