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Venezuela's oil minister said that Venezuela has signed agreements with BP, UAE's XRG, and Qatar's UCC to develop the Loran gas field in Venezuela.

2026-08-14

Venezuela's oil minister said that Venezuela has signed agreements with BP, UAE's XRG, and Qatar's UCC to develop the Loran gas field in Venezuela.

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2026-08-14

U.S. Energy Secretary Wright: Iran is trying to use the global economy as leverage.

U.S. Energy Secretary Wright: Iran is trying to use the global economy as leverage.
2026-08-14

Goldman Sachs says SMIC reported Q2 revenue of $3.0bn, up 36% YoY and 20% QoQ, above Goldman and market forecasts and exceeding management's QoQ guide of 14–16%. Gross margin was 25.3% versus Goldman/market expectations of 21%/21.4% and management gu

Goldman Sachs says SMIC reported Q2 revenue of $3.0bn, up 36% YoY and 20% QoQ, above Goldman and market forecasts and exceeding management's QoQ guide of 14–16%. Gross margin was 25.3% versus Goldman/market expectations of 21%/21.4% and management guidance of 20–22%. Goldman attributes the QoQ revenue lift to higher wafer shipments and average selling prices; management links margin improvement to better product mix and higher ASPs. Q3 guidance: revenue +2–4% QoQ, in line with Goldman and the market; gross margin guide 26–28%, above Goldman/market expectations. Goldman maintains a buy rating on SMIC, cites long‑term growth from domestic fabless demand and AI‑related opportunities, and sets a HK$135 target price.
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