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407 stories mentioning BPUpdated 17h ago

Featured in energy-sector and European ADR roundups as oil prices swung around the US-Iran truce reopening the Strait of Hormuz.

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Sectors

Sector Update: Energy Stocks Gain Wednesday Afternoon

Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.The Philadelphia Oil Service Sector Index was easing 0.1%, and the Dow Jones US Utilities Index fell 1.3%.Brent crude prices crossed $100 per barrel for the first time since late July as Iran attacked 10 ships near the Strait of Hormuz, deepening the ongoing Middle East conflict.Iran said Wednesday it attacked 10 ships near the Strait of Hormuz -- a key crude and energy chokepoint, Reuters reported. Tehran reportedly launched ballistic missiles at a base used by US forces in Jordan. That followed American forces destroying five Iranian crude oil carriers in response to Tehran firing missiles twice at a US navy warship, US Central Command said Tuesday.Front-month West Texas Intermediate crude oil rose 2.5% to $95.33 a barrel, and the global benchmark Brent crude contract gained 2.5% to $100.33 a barrel. Henry Hub natural gas futures fell 3.1% to $2.83 per 1 million BTU.In corporate news, Baker Hughes (BKR) said it now expects full-year revenue of $28.50 billion to $30.30 billion, compared with prior outlook of $26.65 billion to $28.05 billion. Analysts surveyed by FactSet expect $28.03 billion. Its shares added 0.9%.BP (BP) has attracted interest from several potential buyers for its North Sea operations, Bloomberg reported. Potential suitors include Equinor (EQNR) and Shell (SHEL) joint venture Adura and TotalEnergies-backed (TTE) NEO Next+, the report said. BP shares rose 0.9%.Shell Lubricants and Faw Trucks have jointly developed a battery pack that has been successfully tested on the Shell Starship 3.0 hybrid concept truck and is ready for future use in Faw's hybrid commercial vehicles, the companies said. Shell shares were steady.

$BKR$BP$SHEL
Wire

Update: Market Chatter: BP North Sea Operations Garner Interest From Potential Buyers

(Updates with responses from Adura, BP, Var Energi, Ithaca and Harbour Energy in the fourth and fifth paragraphs, Serica Energy's comments in the sixth paragraph, and latest BP share movement in the seventh paragraph)BP (BP) has attracted interest from several potential buyers for its North Sea operations, Bloomberg News reported Wednesday, citing people familiar with the matter.Potential suitors include Equinor (EQNR) and Shell (SHEL) joint venture Adura and TotalEnergies-backed (TTE) NEO Next+, the unnamed sources told the news outlet.EnQuest, Harbour Energy, Ithaca Energy, Serica Energy, and Var Energi are among other potential bidders that may evaluate the assets, Bloomberg reported."Our priority is securing consent for Jackdaw and Rosebank - two advanced projects of national importance that can define the next chapter for the North Sea and for UK energy security," a spokesperson for Adura said.BP, Var Energi, Ithaca and Harbour Energy declined to comment, while EnQuest and didn't immediately respond to' requests for comment."Serica continues to rigorously evaluate a pipeline of M&A opportunities, both in the UK North Sea and other areas in which the company can successfully deliver its strategy," a Serica spokesperson toldin an emailed statement.BP shares were 1.1% higher in Wednesday trading.(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.)Price: $45.32, Change: $+0.44, Percent Change: +0.98%

$BP$EQNR$SHEL$TTE
Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline in Wednesday Trading

European equities traded in the US as American depositary receipts were trending lower late Wednesday morning, declining 0.46% to 1,952.20 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by petroleum refiner Equinor (EQNR) and biotech firm Evaxion (EVAX), which advanced 4% and 3.5% respectively. They were followed by telecommunications company Nokia (NOK) and oil and gas company Eni (E), which increased 2.1% and 1.4% respectively.The decliners from continental Europe were led by brewing company Anheuser-Busch InBev (BUD) and biopharmaceutical company Cellectis (CLLS), which dropped 2.1% and 1.9% respectively. They were followed by lender Banco Santander (SAN) and internet browser company Opera (OPRA), which lost 1.7% and 1.6% respectively.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and biotech firm Trinity Biotech (TRIB), which rose 3.7% and 3.6% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and oil and gas company BP (BP), which were up 1.4% and 1.2% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Mereo BioPharma Group (MREO), which fell 1.9% and 1.8% respectively. They were followed by biopharmaceutical company Bicycle Therapeutics (BCYC) and lender Barclays (BCS), which were down 1.7% and 1.1% respectively.

$AKTX$AUTL$BCS$BCYC$BP$BUD$CLLS$E$EQNR$EVAX$MREO$NOK$OPRA$SAN$SLN$TRIB
Sectors

Sector Update: Energy Stocks Advance Premarket Wednesday

Energy stocks were advancing premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1% higher.The United States Oil Fund (USO) was up 1.8% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 2.7% higher at $95.52 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.6% to $100.47 per barrel, and natural gas futures were down 2.2% at $2.85 per 1 million British Thermal Units.BP (BP) has attracted interest from several potential buyers for its North Sea operations, Bloomberg News reported, citing people familiar with the matter. BP shares were up more than 1% pre-bell.BKV (BKV) shares were down more than 6% amid plans for a $400 million private offering of convertible senior unsecured notes due Oct. 15, 2031.Shell (SHEL) Lubricants and Faw Trucks have jointly developed a battery pack that has been successfully tested on the Shell Starship 3.0 hybrid concept truck and is ready for future use in Faw's hybrid commercial vehicles, the companies said. Shell shares were 0.7% higher premarket.

$BKV$BP$SHEL$UNG$USO$XLE
Equities

Update: Market Chatter: BP North Sea Operations Garner Interest From Potential Buyers

(Updates with responses from Adura, BP, Var Energi, Ithaca and Harbour Energy in the fourth and fifth paragraphs and latest BP share movement in the sixth paragraph)BP (BP) has attracted interest from several potential buyers for its North Sea operations, Bloomberg News reported Wednesday, citing people familiar with the matter.Potential suitors include Equinor (EQNR) and Shell (SHEL) joint venture Adura and TotalEnergies-backed (TTE) NEO Next+, the unnamed sources told the news outlet.EnQuest, Harbour Energy, Ithaca Energy, Serica Energy, and Var Energi are among other potential bidders that may evaluate the assets, Bloomberg reported."Our priority is securing consent for Jackdaw and Rosebank - two advanced projects of national importance that can define the next chapter for the North Sea and for UK energy security," a spokesperson for Adura said.BP, Var Energi, Ithaca and Harbour Energy declined to comment, while EnQuest and Serica didn't immediately respond to' requests for comment.BP shares were up 1.8% in premarket activity.(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.)

$BP$EQNR$SHEL$TTE
Sectors

Sector Update: Energy

Energy stocks were advancing premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1% higher.The United States Oil Fund (USO) was up 1.8% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 3% higher at $95.81 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.9% to $100.73 per barrel, and natural gas futures were down 2.3% at $2.85 per 1 million British Thermal Units.BP (BP) has attracted interest from several potential buyers for its North Sea operations, Bloomberg News reported, citing people familiar with the matter. BP shares were up more than 1% pre-bell.

$BP
Asia Markets

Update: US Equity Futures Fall Pre-Bell as Brent Crude Surpasses $100 per Barrel

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Wednesday as oil prices continued to rise amid escalating attacks between the US and Iran in the Middle East, with Brent crude futures surpassing $100 per barrel for the first time in over a month.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.6% lower.US Central Command said in a post on X Tuesday that it had destroyed five Iranian oil carriers. In response, Iran said it had attacked 10 ships in the Strait of Hormuz, Reuters reported. Iran-backed Houthi forces have also struck four cities in Saudi Arabia, causing fires at oil installations.The US is moving to block some Canadian imports of alcoholic beverages, motorcycles and dairy products in an escalation of the trade war between the two nations after Canada's retaliatory tariffs took effect on Tuesday. The import bans go into effect on Sept. 29.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.9% at $100.78 per barrel and US West Texas Intermediate crude 3% higher at $95.83 per barrel.The Q2 Census Bureau services survey is slated to be released at 10 am ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was down 1.1%, and Germany's DAX index was 1.7% lower in Europe's early afternoon session.In equities, Meta Platforms (META) shares rose 5.2% after the company said it launched a new personal artificial intelligence agent to help users complete tasks and pursue goals. ASE Technology (ASX) stock was up 1% after the company reported net revenue of 82.25 billion New Taiwan dollars ($2.61 billion) in August, up 45.7% from a year earlier. BP (BP) shares were 1.7% higher after a Bloomberg report that the company has attracted interest from several potential buyers for its North Sea operations.On the losing side, Amazon (AMZN) stock was down 1.5% after a Bloomberg report that the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day. HSBC (HSBC) shares dropped 1.6% after a Reuters report citing a company spokesperson that the company is shutting down its transaction services operations in Germany, leading to more than 300 job cuts.

Dow JonesNasdaq CompositeS&P 500$AMZN$ASX$BP$HSBC$META
Equities

Market Chatter: BP North Sea Operations Garner Interest From Potential Buyers

BP (BP) has attracted interest from several potential buyers for its North Sea operations, Bloomberg News reported Wednesday, citing people familiar with the matter.Potential suitors include Equinor (EQNR) and Shell (SHEL) joint venture Adura and TotalEnergies-backed (TTE) NEO Next+, the unnamed sources told the news outlet.EnQuest, Harbour Energy, Ithaca Energy, Serica Energy, and Var Energi are among other potential bidders that may evaluate the assets, Bloomberg reported.BP, EnQuest, Harbour Energy, Ithaca, Serica, and Var Energi didn't immediately respond to' requests for comment.BP shares were up 1.4% in premarket activity.(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.)

$BP$EQNR$SHEL$TTE
Asia Markets

European Equities Traded in the US as American Depositary Receipts Fall in Tuesday Trading

European equities traded in the US as American depositary receipts were tracking lower late Tuesday morning, declining 0.46% to 1,968.02 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and telecommunications company Nokia (NOK), which rose 2.6% and 6.5% respectively. They were followed by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which were up 2.3% and 2.2% respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and internet browser company Opera (OPRA), which fell 4.9% and 2% respectively. They were followed by biopharmaceutical companies argenx (ARGX) and Cellectis (CLLS), which were down 2.2% and 0.3%, respectively.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which increased 2% and 2.5% respectively. They were followed by mining company BHP Group (BHP) and oil and gas company Shell (SHEL), which advanced 3.4% and 2.5% respectively.The decliners from the UK and Ireland were led by software firm Endava (DAVA), which lost 6.2%. It was followed by biotech firm Autolus Therapeutics (AUTL) and pharmaceutical company Silence Therapeutics (SLN), which dropped 3.6% and 3.4% respectively.

$AKTX$ARGX$AUTL$BHP$BNTX$BP$CLLS$DAVA$E$EQNR$EVAX$NOK$OPRA$SHEL$SLN
Sectors

Sector Update: Energy Stocks Softer Late Afternoon

Energy stocks declined late Friday afternoon, with the NYSE Energy Sector Index decreasing 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.9%.The Philadelphia Oil Service Sector Index was falling 1.2%, and the Dow Jones US Utilities Index was down 0.4%.Front-month West Texas Intermediate crude oil rose 0.1% to $91.40 a barrel, and the global benchmark Brent crude contract added 0.7% to $96.17 a barrel. Henry Hub natural gas futures advanced 1.1% to $2.95 per 1 million BTU.In corporate news, Shell (SHEL) and Equinor's (EQNR) Jackdaw gas field in the North Sea is expected to receive UK government approval for new drilling this month, news outlets reported. Separately, Morgan Stanley upgraded Shell to overweight from equalweight and lifted its price target to $101.30 from $81.60. Shell shares were up 0.8%, while Equinor was shedding 1.2%.TotalEnergies (TTE) shares were down 0.5% after Morgan Stanley downgraded the stock to equalweight from overweight.BP's (BP) "turnaround" is gaining momentum as stronger commodity conditions, asset sales and cost cutting are expected to accelerate debt reduction and improve the company's balance sheet, RBC Capital Markets said in a note, after hosting a session with BP CFO Kate Thomson. BP shares were up 0.6%.Dominion Energy (D) shareholders have given consent to the company to proceed with the planned merger with NextEra Energy (NEE), according to regulatory filings Thursday. Dominion shares were shedding 0.6%, and NextEra was down 0.9%.

$BP$D$EQNR$NEE$SHEL$TTE
Sectors

Sector Update: Energy

Energy stocks declined late Friday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.9%.The Philadelphia Oil Service Sector Index was falling 1.2%, and the Dow Jones US Utilities Index was up 0.1%.Front-month West Texas Intermediate crude oil rose 0.1% to $91.40 a barrel, and the global benchmark Brent crude contract added 0.7% to $96.17 a barrel. Henry Hub natural gas futures advanced 1.1% to $2.95 per 1 million BTU.In corporate news, BP's (BP) "turnaround" is gaining momentum as stronger commodity conditions, asset sales and cost cutting are expected to accelerate debt reduction and improve the company's balance sheet, RBC Capital Markets said in a note, after hosting a session with BP CFO Kate Thomson. BP shares were up 0.7%.

$BP
Wire

BP's Turnaround Gains Momentum on Debt Reduction, Cost Cuts, RBC Says

BP's (BP) "turnaround" is gaining momentum as stronger commodity conditions, asset sales and "cost reductions" are expected to accelerate debt reduction and improve the company's balance sheet, RBC Capital Markets said in a report Friday, after hosting a session with BP Chief Financial Officer Kate Thomson.The firm expects BP's "all-in" liabilities to fall to about $34 billion by year-end from $54 billion in Q2, helped by the expected closing of the $6 billion Castrol deal. BP could reach its reported net debt target by the end of 2026, a year earlier than previously targeted, and could be in a position to restart share buybacks by mid-2027.RBC also raised its earnings estimates to reflect stronger "refining margins" and expects Q3 net income of about $6.5 billion on a "mark-to-market" basis, compared with consensus of $4.3 billion, the report said.The brokerage said BP's "improved balance sheet" should support upstream growth, while Thomson and management are expected to continue cutting costs, with "structural cost savings" now anticipated to reach $5.8 billion by the end of 2027, according to the report.RBC has an outperform rating on BP with a price target of 700 British pence, saying the company remains in the "early stages of its turnaround" and that further asset sales, efficiency gains and a greater focus on its core oil and gas business could support additional upside.Price: $43.92, Change: $+0.34, Percent Change: +0.78%

$BP
Commodities

Baker Hughes Secures BP Contract to Boost Production in UK North Sea

Baker Hughes (BKR) has secured a contract from BP (BP) to provide offshore stimulation services across the energy major's UK North Sea operations, the US oilfield services company said on Friday.The contract will support the development of new wells as well as production enhancement and recovery from mature fields, Baker Hughes said.Under the agreement, the oilfield services firm will deploy a vessel-based stimulation system using its StimFORCE modular package for well completion and production enhancement activities.Baker Hughes said that the vessel-based setup is designed to give bp greater flexibility in scheduling offshore stimulation activities while reducing nonproductive time and improving operational reliability."By combining our vessel-based stimulation expertise, advanced intervention technologies and production optimization capabilities, we are well positioned to help bp enhance reservoir performance," said Amerino Gatti, Baker Hughes' executive vice president of Oilfield Services & Equipment.Baker Hughes did not disclose the financial value or duration of the contract.Price: $62.98, Change: $-0.66, Percent Change: -1.04%

$BKR$BP
Asia Markets

European Equities Traded in the US as American Depositary Receipts Marginally Higher in Friday Trading

European equities traded in the US as American depositary receipts were marginally higher late Friday morning, rising 0.08% to 1,976.36 on the S&P Europe Select ADR Index, which was up about 0.9% for the week so far.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and 3D printer company Materialise (MTLS), which rose 2% and 1.6%, respectively. They were followed by biotech firm BioNTech (BNTX), which gained 0.8%.The decliners from continental Europe were led by accommodations booking site trivago (TRVG) and oil and gas company Eni (E), which dropped 3.1% and 2.2%, respectively. They were followed by pharmaceutical company Novo Nordisk (NVO) and biopharmaceutical company DBV Technologies (DBVT), which were down 2.1% and 1.7%, respectively.The gainers from the UK were led by telecommunications operator Vodafone Group (VOD) and oil and gas company Shell (SHEL), which advanced 2.2% and 0.9%, respectively. They were followed by oil and gas company BP (BP) and medical device maker Smith & Nephew (SNN), which were up 0.7% and 0.6%, respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Mereo BioPharma Group (MREO) and biotech firm Trinity Biotech (TRIB), which lost 4.5% and 3%, respectively. They were followed by software firm Endava (DAVA) and communications company WPP (WPP), which fell 2.6% and 2.2%, respectively.

$BNTX$BP$DBVT$E$EVAX$MREO$MTLS$NOK$NVO$SHEL$SNN$TRIB$TRVG$VOD
Sectors

Sector Update: Energy Stocks Fall Pre-Bell Friday

Energy stocks were falling pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.7%.The United States Oil Fund (USO) was down 1.3% and the United States Natural Gas Fund (UNG) was 1.7% higher.Front-month US West Texas Intermediate crude oil was 1.1% lower at $90.31 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1% to $94.54 per barrel, and natural gas futures were up 1.2% at $2.95 per 1 million British Thermal Units.Baker Hughes (BKR) said it won a contract from BP (BP) to provide offshore stimulation services across BP's UK North Sea operations. Baker Hughes shares were 0.4% higher premarket.Dorian LPG (LPG) has agreed to build three 90,000 cubic meter Panamax very large gas carriers, or VLGCs, with Hanhwa Ocean for about 4345 million, the company said. Dorian LPG shares were 0.5% higher pre-bell.Dominion Energy Inc (D) shareholders have given consent to the company to proceed with a planned merger with NextEra Energy (NEE), according to regulatory filings. NextEra Energy stock was down 0.4% premarket.

$BKR$BP$D$LPG$NEE$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were falling pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.8%.The United States Oil Fund (USO) was down 1.6% and the United States Natural Gas Fund (UNG) was 1.4% higher.Front-month US West Texas Intermediate crude oil was 1% lower at $90.41 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.8% to $94.76 per barrel, and natural gas futures were up 1.6% at $2.96 per 1 million British Thermal Units.Baker Hughes (BKR) said it won a contract from BP (BP) to provide offshore stimulation services across BP's UK North Sea operations. Baker Hughes shares were 0.3% higher and BP stock was up 0.2% premarket.

$BKR$BP
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index added 0.9%.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.Front-month West Texas Intermediate crude oil rose 0.7% to $91.62 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.71 a barrel. Henry Hub natural gas futures shed 1.3% to $2.92 per 1 million BTU.US natural gas stocks rose by 30 billion cubic feet in the week ended Aug. 28, smaller than the 31 billion gain expected in a survey compiled by Bloomberg and following an increase of 15 billion cubic feet in the previous week.In corporate news, BP (BP) on Thursday sent a letter to the union representing workers at its refinery in Whiting, Indiana, stating that it is willing to re-start negotiations, or work through a federal mediator, to end a BP lock-out that began on March 19. Separately, BP has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.7%.Diversified Energy (DEC) has agreed to buy Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares gained 2.3%.Equinor's (EQNR) East Point Energy unit has begun operations at Citrus Flatts, its largest energy storage project in the US, a key step toward building scalable operations in the onshore power industry. Equinor shares were down 2%.GeoPark (GPRK) said it has made a strategic entry into Venezuela via the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt. GeoPark shares rose 1.1%.

$BP$DEC$EQNR$GPRK
Sectors

Sector Update: Energy

Energy stocks were down late Thursday afternoon, with the NYSE Energy Sector Index falling 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally lower.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index added 0.9%.Front-month West Texas Intermediate crude oil rose 0.7% to $91.62 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.71 a barrel. Henry Hub natural gas futures shed 1.3% to $2.92 per 1 million BTU.In corporate news, BP (BP) on Thursday sent a letter to the union representing workers at its refinery in Whiting, Indiana, stating that it is willing to re-start negotiations, or work through a federal mediator, to end a BP lock-out that began on March 19. BP shares were down 0.5%.

$BP
Sectors

Sector Update: Energy Stocks Decline Thursday Afternoon

Energy stocks were lower Thursday afternoon, with the NYSE Energy Sector Index down 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) slipping 0.2%.The Philadelphia Oil Service Sector Index was falling 1.6%, and the Dow Jones US Utilities Index added 0.9%.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.Front-month West Texas Intermediate crude oil rose 0.4% to $91.37 a barrel, and the global benchmark Brent crude contract slid 0.2% to $95.43 a barrel. Henry Hub natural gas futures shed 1.5% to $2.92 per 1 million BTU.US natural gas stocks rose by 30 billion cubic feet in the week ended Aug. 28, smaller than the 31 billion gain expected in a survey compiled by Bloomberg and following an increase of 15 billion cubic feet in the previous week.In corporate news, Diversified Energy (DEC) has agreed to buy Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares gained 3.8%.BP (BP) has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.4%.GeoPark (GPRK) said it has made a strategic entry into Venezuela via the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt. GeoPark shares rose 2.5%.

$BP$DEC$GPRK
Sectors

Sector Update: Energy

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.The Philadelphia Oil Service Sector Index was falling 1.7%, and the Dow Jones US Utilities Index added 0.9%.Front-month West Texas Intermediate crude oil rose 0.7% to $91.61 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.74 a barrel. Henry Hub natural gas futures shed 0.1% to $2.95 per 1 million BTU.In corporate news, BP (BP) has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.2%.

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