Energy & Utilities Roundup: Market Talk
The latest Market Talks on Energy and Utilities highlight TotalEnergies' updated strategy, which aligns with previous plans but may struggle to maintain gearing below 20% amid fluctuating oil prices. Crude oil futures have dropped 2.9% below $64 per barrel due to OPEC's potential production increase. European oil companies are experiencing declines as supply glut fears rise. Meanwhile, Bangchak Corp. aims to double Ebitda by 2028, driven by new investments, while maintaining a hold rating from CGS International.
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