FINWIRES · TerminalLIVE
FINWIRES

Sector Update: Energy Stocks Rise Premarket Thursday

-- Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.5%.

The United States Oil Fund (USO) was up 1.3% and the United States Natural Gas Fund (UNG) was 0.4% higher.

Front-month US West Texas Intermediate crude oil was 1.4% higher at $92.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $96.69 per barrel, and natural gas futures were up 0.3% at $2.62 per 1 million British Thermal Units.

TotalEnergies (TTE) shares were up more than 3% after the company said Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects.

Equinor (EQNR) stock was up more than 1% after the company said it expects stronger Q1 results in its marketing, midstream, and processing division.

Enbridge's (ENB) Enbridge Energy has received US presidential permits to operate and maintain the existing pipeline facilities at the US-Canada border in St. Clair County, Michigan, and Pembina County, North Dakota, the White House said. Enbridge shares were 0.4% higher premarket.

Related Articles

Australia

Telix Pharmaceuticals Settles Issue of $600 Million Convertible Notes

Telix Pharmaceuticals (ASX:TLX) said it settled the issue of $600 million in 1.50% convertible notes due 2031, according to a Thursday Australian bourse filing.The convertible notes are expected to be listed on the Official List of the Singapore Exchange Securities Trading on Thursday.In the same filing, the company said that the repurchase of around AU$637 million in principal of the AU$650 million worth of 2.375% convertible bonds due 2029 is "substantially complete."After the repurchase, given that less than 15% in aggregate principal amount of the existing bonds will remain outstanding, Telix said it plans to exercise its right to repurchase and cancel all of the remaining existing bonds at their principal amount.

$ASX:TLX
Asia

Xinming China Proposes Share Consolidation; Shares Slump 10%

Xinming China (HKG:2699) proposed a share consolidation on the basis of 1 new share for every 25 held in the company, according to a Hong Kong bourse filing Thursday.The move will reduce the firm's existing shares from 93.9 million to around 3.8 million consolidated shares.The firm plans to undertake a rights offering following the share consolidation to raise up to HK$106 million.The firm will offer eligible shareholder six rights shares for every consolidated share owned in the firm. The rights offering will be priced at HK$4.70 per rights share.Shares of the company slumped 10% in recent trade.

$HKG:2699
Asia

Market Chatter: Toyota Probes Unauthorized Data Access by Insurer Staff

Toyota Motor (TYO:7203) Toyota Motor (TYO:7203) is reviewing a potential data breach involving seconded staff from major non-life insurers after internal information was accessed without approval, Nikkei reported Thursday.The employees were dispatched from Tokio Marine & Nichido Fire Insurance, part of Tokio Marine (TYO:8766), as well as Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, both under MS&AD Insurance Group (TYO:8725), according to the report.The scope of the information has not been disclosed, though internal documents may be involved. The insurers are assessing how the access occurred and whether data protection or competition rules were breached, the report said.The case follows earlier compliance issues tied to seconded personnel, including data leaks at financial institutions and regulatory action in 2025 citing gaps in oversight and compliance practices across the sector, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TYO:7203$TYO:8725$TYO:8766