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Energy

Brasília's ANP Approves Galp's Berbigão and Sururu Unitization Agreements Eight Years After Submission — The Portuguese Producer Settles at 6.45% in Berbigão and 9.497% in Sururu of the Pre-Sal Block BM-S-11A That Has Been Pumping Since 2019

Brasília's ANP Approves Galp's Berbigão and Sururu Unitization Agreements Eight Years After Submission — The Portuguese Producer Settles at 6.45% in Berbigão and 9.497% in Sururu of the Pre-Sal Block BM-S-11A That Has Been Pumping Since 2019

Brazil's Agência Nacional do Petróleo cleared Galp's eight-year-pending unitization for Berbigão and Sururu on 4 May 2026. Galp's stake settles at 6.45% / 9.497% — and the Lisbon producer says financials already book the change since Q3 2022.
The Portugal Brief
Portugal's Electricity Consumption Climbs 3.5% Through April 2026 — REN Reads a Demand Story Built on a Cold February, an Industrial Rebound, EV Stock and a Data-Centre Pipeline

Portugal's Electricity Consumption Climbs 3.5% Through April 2026 — REN Reads a Demand Story Built on a Cold February, an Industrial Rebound, EV Stock and a Data-Centre Pipeline

REN: Portugal's electricity consumption rose 3.5% in January-April 2026 versus 2025. Evening analysis of the four demand drivers — cold February, industrial rebound, EV stock, data-centre pipeline — and what they mean for grid CAPEX, MIBEL and the RED III file at the Court of Justice.
The Portugal Brief
Aviation Kerosene Set to Peak at $211.7 a Barrel in May — S&P Global Sees a 114% Two-Month Jump on Hormuz Disruption as Goldman Warns Europe's Jet-Fuel Stocks Could Drop to a 23-Day Cover and the Government Flags an End-August Shortage Risk

Aviation Kerosene Set to Peak at $211.7 a Barrel in May — S&P Global Sees a 114% Two-Month Jump on Hormuz Disruption as Goldman Warns Europe's Jet-Fuel Stocks Could Drop to a 23-Day Cover and the Government Flags an End-August Shortage Risk

S&P Global Ratings projects aviation kerosene will peak at $211.7 per barrel in May 2026 — up 114 percent in two months. Goldman Sachs sees Hormuz disruption taking 500,000 b/d offline with 23 percent of European jet-fuel exposure in play, and Lisbon has flagged an end-August shortage risk.
The Portugal Brief
IMF Warns Two-Thirds of EU Energy Subsidies Are Untargeted and Already Cost 0.18% of GDP — Alfred Kammer Says the Permanent-Fiscal-Burden Trap Is Closing on Lisbon as ISP Discount Climbs Again

IMF Warns Two-Thirds of EU Energy Subsidies Are Untargeted and Already Cost 0.18% of GDP — Alfred Kammer Says the Permanent-Fiscal-Burden Trap Is Closing on Lisbon as ISP Discount Climbs Again

IMF's Alfred Kammer warns two-thirds of EU energy subsidies are untargeted and already cost 0.18% of GDP — landing the same weekend Lisbon lifted its ISP fuel-tax discount to €75.48/1,000L diesel and €51.97 gasoline. Permanent-fiscal-burden trap closing on the eurozone.
The Portugal Brief
Stellantis Hands Leapmotor a Spot on the Zaragoza Line — Chinese-Designed B05 Joins the Opel Corsa and Peugeot 208 at €24,500 in Portugal, Wiping the 38.1% Tariff and Undercutting the Peugeot E-308 by Ten Thousand Euros

Stellantis Hands Leapmotor a Spot on the Zaragoza Line — Chinese-Designed B05 Joins the Opel Corsa and Peugeot 208 at €24,500 in Portugal, Wiping the 38.1% Tariff and Undercutting the Peugeot E-308 by Ten Thousand Euros

Leapmotor B05 will be built at the Stellantis Zaragoza plant alongside the Opel Corsa and Peugeot 208, wiping the 38.1% Chinese-import duty and landing in Portuguese dealerships at €24,500 — about €10,000 below the Peugeot E-308 it shares the floor with.
The Portugal Brief