European energy outperforms riskoff market as Brent tops $126

Var Energi ASA

30/04/2026 08:50

** European energy stocks rise in a riskoff market as Brent tops $126 a barrel for the first time in four years and is set for a ninth straight day of gains on heightened Middle East tensions

** Top gainers on the STOXX Oil & Gas Index .SXEP, the best-performing sector in the region, include Neste NESTE.HE, Aker BP AKRBP.OL, Var Energi VAR.OL, Equinor EQNR.OL, Orlen PKN.WA, Repsol REP.MC, Eni ENI.MI and Shell SHEL.L, up 0.8–2.5%

** Brent oil jumps as much as 7% after a report that the U.S. is considering potential military action against Iran to break the deadlock in talks to end the war

 (Reporting by Danilo Masoni)