Natixis Advisors LLC Increases Stock Position in Chevron Corporation $CVX

The article says the US-Iran crisis has boosted supertanker demand, pushing the global VLCC orderbook to a record 262 ships, up 99 since early 2026. About 10% of non-sanctioned VLCCs are reportedly tied up in the Persian Gulf over Hormuz risk. It also notes ICE Brent near $92/bbl, OPEC+ raising output by 188,000 b/d in July, and China’s May crude imports falling to 7.8m b/d.

Oil and gas inventories worldwide are at historic lows after strikes related to the Iran war reduced supply, according to the International Energy Agency. AAA says U.S. gas averaged over $4.30 in the past month. Chevron and Exxon executives warn depleted reserves may keep prices rising even if the Strait of Hormuz reopens; S&P Global Energy says inventory “shock absorbers” are diminishing.

Sri Lanka’s Colombo Stock Exchange saw high volatility as analysts cited worsening West Asia war risks and a proposed US tariff hike on Sri Lankan exports, alongside uncertainty from a government Treasury Bill rate increase. The All Share Index rose 249.83 points; turnover was Rs 2.79bn. The rupee was flat at Rs 334.50–335.50/$, while selected bond yields eased. Separately, ADB discussed low female labour participation and barriers; Commercial Bank signed an MoU with the Air Force for concession

Markets remained under pressure after a sharp New York pullback, with US-Iran Strait of Hormuz negotiations and Israel’s agreement to halt attacks on Lebanon cited as key risk factors. Oil eased near $96/bbl. US futures were lower (S&P 500 -0.3%, Nasdaq -0.5%) after Broadcom’s sell-off. Tech fell: Nasdaq -0.9%, S&P 500 -0.75%, Dow -1.2%; Nvidia and Microsoft each -3%+. The 10-year Treasury yield rose to 4.5%.

Wall Street analyst Ed Yardeni raised his year-end S&P 500 target to 8,250 from 7,700 on May 11, citing strong and broad Q1 earnings momentum. He also warns the Fed could turn more hawkish, with a possible July rate hike. The article links potential oil price spikes to low U.S. Strategic Petroleum Reserve levels and March releases via 172 million-barrel repo-style exchanges.

Chevron said it received notice from Etu Energias that Etu is exercising a pre-emption right tied to Chevron’s sale of interests in Angola offshore Blocks 14 and 14K to Energean. Energean said the deal remains effective until Etu completes its pre-emption. Energean pays $260m base plus up to $250m contingent. Blocks produce ~42,000 bpd.