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Financial markets, PSI-20 performance, and investment news in Portugal.
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
'Rei dos Frangos' Books a €40 Million Capital Gain on a 9-Year Benfica SAD Bet — €45.2 Million Sale of 16.38% to a Delaware Vehicle Linked to Oak View Group and Acrisure Pushes American Capital Past 21% of the Reds' SAD

'Rei dos Frangos' Books a €40 Million Capital Gain on a 9-Year Benfica SAD Bet — €45.2 Million Sale of 16.38% to a Delaware Vehicle Linked to Oak View Group and Acrisure Pushes American Capital Past 21% of the Reds' SAD

José António dos Santos and Grupo Valouro sell 16.38% of Benfica SAD for €45.2 million to a Delaware SPV linked to Oak View Group and Acrisure executives — a €40 million capital gain over nine years that pushes combined US-fund ownership of Benfica past 21% on the July transfer.
The Portugal Brief
Benfica SAD's €65M Subscription Closes With 4,800+ Savers In the Book — 4.65% Coupon Rolls the 2023 Maturity and Sets a New Benchmark for Football Paper in Lisbon

Benfica SAD's €65M Subscription Closes With 4,800+ Savers In the Book — 4.65% Coupon Rolls the 2023 Maturity and Sets a New Benchmark for Football Paper in Lisbon

The Obrigações Benfica SAD 2026-2031 issue closed Friday with the offer pulled up from €40M to €65M and oversubscribed by retail investors. The 4.65% coupon, the 1.36x book and the 4,800 names on the subscription list re-anchor what Portuguese savers will pay to stand in front of football risk.</p>
The Portugal Brief