Equinor stunned Wall Street with an adjusted operating income of $787 million in its marketing, midstream and processing arm, beating consensus by roughly 14 %. Analysts credited sharp production growth and volatile trading gains. Despite the lift, shares slid 5.3 % to 362.90 kroner, underscoring market skepticism over sustained upside. Analysts point to rising oil prices and a robust U.S. gas‑trading segment as key drivers and a robust outlook.

RBC Capital Markets flags that elevated oil‑and‑gas prices since the Iran conflict could keep Equinor in a profitable zone for the next quarter. The company’s EBIT also outpaced estimates, aided by strong U.S. gas sales. Investors remain wary as geopolitical tensions tighten supply chains and could erode margins if prices swing. While the company enjoys a a cash flow cushion, but market volatility remains a concern.

Keppel Infrastructure Trust plans to raise its stake in the Singapore‑based Keppel Merlimau Cogen plant, which supplies roughly 10 % of the city‑state’s electricity. Analysts see the move as a boost to the trust’s income resilience and a hedge against energy‑security risks. The plant’s hydrogen compatibility could extend operations past 2040, bolstering long‑term returns.