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Equinor ASA

Equinor ASA

$EQNR
NYSEEnergy

155 stories mentioning Equinor ASAUpdated 1d ago

The Norwegian energy major traded among European ADRs amid sector swings as oil prices moved on US-Iran ceasefire developments.

Sectors

Sector Update: Energy

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.8% higher.The United States Oil Fund (USO) was up 1.7% and the United States Natural Gas Fund (UNG) was 2.6% lower.Front-month US West Texas Intermediate crude oil was 4.5% higher at $91.32 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $94.31 per barrel, and natural gas futures were down 3% at $3.19 per 1 million British Thermal Units.Equinor (EQNR) said it recommended that its corporate assembly elect Jarle Roth as new chair of the board. Shares of Equinor were up more than 2% pre-bell.

$EQNR
Equities

Equinor Recommends Jarle Roth as Chair

Equinor (EQNR) recommended that the company's corporate assembly elect Jarle Roth as new chair of the board, the company said Monday.The committee also recommended the re-election of Anne Drinkwater as deputy chair, the company said.Roth has been a board member since December and has had chief executive positions in several Norwegian companies, Equinor said.

$EQNR
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index fractionally lower and the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.The Philadelphia Oil Service Sector Index was falling 1.5%, and the Dow Jones US Utilities Index shed 1%.Front-month West Texas Intermediate crude oil rose 0.5% to $89.14 a barrel, and the global benchmark Brent crude contract shed 0.4% to $93.93 a barrel. Henry Hub natural gas futures climbed up 5% to $3.04 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.4 million barrels in the week ended May 22 following a fall of 17.8 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.3 million barrels after a 7.9-million-barrel decline in the previous week, a larger drop than the 3-million-barrel decrease expected in a Bloomberg survey.In corporate news, BP's (BP) former chairman Albert Manifold, who was ousted earlier in the week, had fallen out with company secretary Ben Mathews before his removal from the role, the Financial Times reported. BP shares were down 0.4%.Ecopetrol (EC) said Thursday its board has postponed the start date of the previously announced unpaid leave of Chief Executive Ricardo Roa Barragan. Ecopetrol shares fell 1.1%.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. TotalEnergies shares rose 0.8%.Baker Hughes (BKR) said it has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Baker Hughes shares climbed 2.3%, and Equinor was up 0.1%.

$BKR$BP$EC$EQNR$TTE
Sectors

Sector Update: Energy Stocks Edge Higher in Afternoon Trading

Energy stocks were slightly higher Thursday afternoon, with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally higher.The Philadelphia Oil Service Sector Index was falling 1.4%, and the Dow Jones US Utilities Index shed 0.3%.Front-month West Texas Intermediate crude oil was fractionally higher at $88.69 a barrel, and the global benchmark Brent crude contract was dropping 1% to $93.36 a barrel. Henry Hub natural gas futures rose 5% to $3.04 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.4 million barrels in the week ended May 22 following a decrease of 17.8 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.3 million barrels after a 7.9-million-barrel decline in the previous week, a larger drop than the 3-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. TotalEnergies shares rose 0.9%.Baker Hughes (BKR) has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Baker Hughes shares climbed 1.6%, and Equinor was fractionally higher.BP (BP) will become operator of Azerbaijan's offshore Babek natural gas field under an agreement expected to be announced with state energy company Socar on June 1, Reuters reported. BP shares were down 0.5%.

$BKR$BP$EQNR$TTE
Sectors

Sector Update: Energy Stocks Advance Premarket Thursday

Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.9% higher.The United States Oil Fund (USO) was up 1.7% and The United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 2.1% higher at $90.56 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.6% to $95.84 per barrel, and natural gas futures were up 5% at $3.04 per 1 million British Thermal Units.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. Shares of TotalEnergies were up 2% pre-bell.Baker Hughes (BKR) has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Equinor stock was up more than 1% premarket.Borr Drilling (BORR) stock was up more than 4% after the company priced an upsized $2.04 billion senior secured notes offering and simultaneously expanded a tender offer for its outstanding 10.375% senior secured notes due 2030.

$BKR$BORR$EQNR$STLA$TTE$UNG$USO$XLE
Asia Markets

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

European equities traded in the US as American depositary receipts were trending higher late Tuesday morning, rising 0.73% to 1,891.94 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and telecommunications company Nokia (NOK), which rose 6.4% and 4.8% respectively. They were followed by lenders Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Santander (SAN), which were up 4.4% and 3.8% respectively.The decliners from continental Europe were led by pharmaceutical company Ascendis Pharma (ASND) and petroleum refiner Equinor (EQNR), which fell 3% and 2% respectively. They were followed by internet advertising firm Criteo (CRTO) and pharmaceutical company Novo Nordisk (NVO), which were down 1.1% and 0.2% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and pharmaceutical company Silence Therapeutics (SLN), which climbed 16% and 6.3% respectively. They were followed by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which advanced 4.5% and 3.1% respectively.The decliners from the UK and Ireland were led by oil and gas company BP (BP) and biopharmaceutical company NuCana (NCNA), which dropped 5% and 2.4% respectively. They were followed by biopharmaceutical company Amarin (AMRN) and communications company WPP (WPP), which lost 1.6% and 1.5% respectively.

$AMRN$ASND$BBVA$BDRX$BP$CRTO$EQNR$MREO$NCNA$NOK$NVO$SAN$SLN$TRIB$TRVG$WPP
Wire

Standard Lithium, Equinor's Smackover Lithium Partnership Awards Construction Contract for Arkansas Project

Standard Lithium (SLI) and Equinor's (EQNR) Smackover Lithium partnership said Tuesday it awarded an engineering, procurement, construction and commissioning contract for the central processing facility at the South West Arkansas lithium project to S&B Engineers and Constructors.Financial terms were not provided.Smackover Lithium said engineering and development consultancy firm Hatch will provide engineering and commissioning support as a subcontractor.The processing facility represents about two-thirds of the project's estimated capital spending and is expected to support planned annual production of 22,500 tonnes of battery-grade lithium carbonate in the initial phase, according to the company.Smackover Lithium said the agreement includes a limited notice to proceed covering engineering, permitting and early procurement activities before a full notice to proceed following a positive final investment decision.The company said it has now completed the key construction vendor agreements required before the final investment decision and continues to work on customer supply agreements and project financing.Price: $3.90, Change: $+0.18, Percent Change: +4.95%

$EQNR$SLI
Commodities

Update: Market Chatter: Europe to Face 'Critical' Natual Gas Shortfall if Hormuz Disruptions Persist, Equinor Says

(Updates with Equinor statement from paragraphs 7 to 9.)Senior executives at Norwegian energy company Equinor (EQNR) believe Europe could be staring at a 'critical' shortage of gas inventories if shipping traffic from the vital Strait of Hormuz conduit remains disrupted for one to three months from now, according to a Reuters report on Thursday.European Union targets require member states to ensure gas storage reserves are at least 90% full before the onset of winter. To meet these targets, members need to increase their gas reserves during the northern hemisphere summer but lower supplies and distorted prices are slowing down efforts to build up reserves, the report said.According to Gas Infrastructure Europe, EU gas storage levels remained below 37%, standing at 36.87% of capacity compared with 45.16% a year earlier.While building up inventories for the next winter already appeared difficult in early March, there has been little progress since with winter gas prices curreltly lower than summer prices, the report said.Equinor Senior Vice President for Gas & Power Trading Helle Ostergaard Kristiansen told Reuters that if the war stopped immediately and free flow through the Strait resumed quickly, storage levels could reach an acceptable, though tight, 75%. However, if the closure continued for one to three months, the situation could become critical, Kristiansen said.According to Equinor Vice President for Gas Trading, Peder Bjorland, the market could likely correct the situation on its own through price signals. Higher gas prices could reduce gas use by encouraging a shift to coal, greater use of renewable energy, and lower fuel demand from industries, which could help restore balance in the market, he added.In a statement shared with, Equinor said it expected the risks to increase, with much depending on when the Iran war will end with flows expected to take some time to normalize after that.Europe's dependence on mild weather and strong renewable energy production is increasing and the situation is expected to get more challenging, the longer the continent waits to refill storage, the statement said."Forward prices are still lower than spot levels, meaning there are currently no commercial incentives to start filling the storages," the statement added. "If individual countries introduce strict storage requirements now, there is a risk that European countries will bid against each other to meet targets, thereby pushing prices even higher."(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.)

$EQNR
Commodities

Market Chatter: Europe to Face 'Critical' Natual Gas Shortfall if Hormuz Disruptions Persist, Equinor Says

Senior executives at Norwegian energy company Equinor (EQNR) believe Europe could be staring at a 'critical' shortage of gas inventories if shipping traffic from the vital Strait of Hormuz conduit remains disrupted for one to three months from now, according to a Reuters report on Thursday.European Union targets require member states to ensure gas storage reserves are at least 90% full before the onset of winter. To meet these targets, members need to increase their gas reserves during the northern hemisphere summer but lower supplies and distorted prices are slowing down efforts to build up reserves, the report said.According to Gas Infrastructure Europe, EU gas storage levels remained below 37%, standing at 36.87% of capacity compared with 45.16% a year earlier.While building up inventories for the next winter already appeared difficult in early March, there has been little progress since with winter gas prices curreltly lower than summer prices, the report said.Equinor Senior Vice President for Gas & Power Trading Helle Ostergaard Kristiansen told Reuters that if the war stopped immediately and free flow through the Strait resumed quickly, storage levels could reach an acceptable, though tight, 75%. However, if the closure continued for one to three months, the situation could become critical, Kristiansen said.According to Equinor Vice President for Gas Trading, Peder Bjorland, the market could likely correct the situation on its own through price signals. Higher gas prices could reduce gas use by encouraging a shift to coal, greater use of renewable energy, and lower fuel demand from industries, which could help restore balance in the market, he added.has reached out to Equinor separately for a comment.(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.)

$EQNR
Commodities

Digitalization, AI Could Generate $500 Billion Value for Upstream Players, Rystad Energy Says

Oil exploration and production companies could capture $500 billion in cumulative value over the next five years through digitalization and the use of artificial intelligence, Rystad Energy said Thursday.Value creation opportunities include cost reductions from improved operational efficiency, production increases from higher uptime and recovery, and shortened development timelines, according to the report.As expected returns grow over time, the research firm noted that E&Ps currently investing in digital and AI may capture an additional value of around $80 billion per year in 2030, compared with 2025. Value creation is projected to reach $132 billion in 2030 and $178 billion in 2035, based on Rystad's base case."The trajectory is not linear," it said. "Digital value creation follows a compounding curve as adoption increases and organizational capabilities mature."Norway's Equinor (EQNR), for example, has generated around $200 million in AI-related savings between 2021 and 2024, and about $130 million in 2025 alone.Abu Dhabi National Oil, in 2023, has reported an AI-driven value of $500 million in 2023, with plans to boost this further to $1 billion per year, by allocating $1.5 billion in digital capital expenditure.Operators have extensively utilized digital tools in exploration and reservoir development, and are now rapidly deploying new AI systems in operations and maintenance to reduce related costs.Rystad said "subsurface workflows hold the largest untapped value potential, especially from getting more volumes out of the ground and reducing drilling costs."In the US, where shale operators are facing physical drilling limits, digitalization could improve performance of onshore wells by 10%, and could generate up to 50% in savings for deep-water wells, according to the analysis."Capturing the value at stake requires investment in digital tools, infrastructure, and integration," the research firm said, noting that E&Ps have spent around $25 billion last year on digital and AI purchases.It estimates that the market for providing these tools and services will exceed $35 billion by 2030 and approach the $50 billion mark by 2035.As AI can further accelerate value creation, Rystad projects in its "accelerated AI scenario" that digital initiatives will generate as much as $150 billion in value in 2030, "with potential to further grow past $300 billion by 2035."This scenario will require an additional $50 billion of spending in 2030 and around $80 billion in 2035, the report said.

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Little Changed in Thursday Trading

European equities traded in the US as American depositary receipts were tracking marginally lower late Thursday morning to 1,863.63 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and oil and gas company Eni (E), which rose 3.7% each. They were followed by medical device maker EDAP TMS (EDAP) and petroleum reformer Equinor (EQNR), which were up 1.3% and 0.7% respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and pharmaceutical company Novo Nordisk (NVO), which decreased 2.6% each. They were followed by software firm SAP (SAP) and biopharmaceutical company DBV Technologies (DBVT), which were down 2.1% and 1% respectively.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and utilities company National Grid (NGG), which advanced 5.4% and 1.4% respectively. They were followed by tobacco company British American Tobacco (BTI) and biotech company Autolus Therapeutics (AUTL), which increased 1.3% and 0.9% respectively.The decliners from the UK and Ireland were led by software company Endava (DAVA) and telecommunications operator Vodafone Group (VOD), which lost 15.5% and 2.1% respectively. They were followed by biopharmaceutical company NuCana (NCNA) and lender Lloyds Banking Group (LYG), which were off 2% and 1.2% respectively.

$AKTX$AUTL$BTI$DAVA$DBVT$E$EDAP$EQNR$LYG$NCNA$NGG$NOK$NVO$SAP$SQNS$VOD
Sectors

Sector Update: Energy Stocks Advance Pre-Bell Thursday

Energy stocks were advancing pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.8% higher.The United States Oil Fund (USO) was up 3.4% and The United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 0.8% lower at $107.77 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.5% to $107.65 per barrel, and natural gas futures were up 1.5% at $3.05 per 1 million British Thermal Units.Shell (SHEL), BP (BP), PT Perusahaan Gas Negara, and PT PLN Energi Primer Indonesia signed agreements with Japan's Inpex for liquified natural gas offtake from the Abadi LNG Project at the Masela Block in offshore Indonesia, Inpex said. Shares of Shell and BP were up more than 1% premarket.Equinor (EQNR) and BP joint venture Aker BP have agreed on several transactions to support production across their portfolio on the Norwegian Continental Shelf, the companies said. Equinor shares were up more than 2% pre-bell.Borr Drilling (BORR) stock was down more than 6% after the company reported a wider Q1 net loss.

$BORR$BP$EQNR$SHEL$UNG$USO$XLE
Equities

Equinor, Aker BP Enter Asset Deals to Boost Production

Equinor (EQNR) and BP (BP) joint venture Aker BP have agreed on several transactions to boost production across their portfolio on the Norwegian Continental Shelf, the companies said Thursday.Under the agreement, Equinor will divest a 19% interest in several discoveries in the Ringvei Vest area to Aker BP.Equinor will also divest a 38.16% interest in the Frigg UK license to Aker BP for the joint development of the Omega Alfa discovery, the companies said.In exchange, Equinor will increase its ownership stake in the Wisting discovery to 42.5% from 35%, while Aker BP will pay Equinor a cash consideration of $23 million as part of the transactions, the companies said.Equinor and Aker BP said the transactions are effective Jan. 1, 2026, and are subject to regulatory approvals.

$BP$EQNR
Commodities

Equinor, Aker BP Strike Offshore Asset Swap Deal

Aker BP will acquire key interests in the Ringvei Vest and Yggdrasil areas from Equinor (EQNR) in exchange for a 7.5% stake in the Arctic Wisting discovery and $23 million in cash, the companies said on Thursday.The agreements, which carry an effective date of January 1 are designed to align ownership interests across key undeveloped blocks, it said.Under the terms of the deal, Aker BP will expand its footprint in the North Sea by acquiring a 19% interest from Equinor in a portfolio of licenses within the prospective Ringvei Vest area.This transaction includes stakes in multiple discoveries such as Grosbeak, Swisher, Toppand, and Rover Nord and Sor.Operated by Equinor, Ringvei Vest is being positioned as a major cluster development in the Troll-Fram area.The portfolio realignment enables a more coordinated cross-license approach to infrastructure planning, as Aker BP already holds a 19% stake in the nearby Kveikje discovery, which is slated for inclusion in the cluster.Aker BP will also acquire a 38.16% interest from Equinor in UK license P2343, positioned adjacent to Norwegian license PL1249.The combined acreage holds the massive Omega Alfa discovery, which recently confirmed significant oil volumes extending across the geopolitical boundary of the UK and Norwegian shelves.By achieving a more balanced ownership structure, the operators aim to pursue a unified, cross-border development plan, with any future regional discoveries expected to be tied back directly into the Yggdrasil area's infrastructure.In exchange for these North Sea positions, Aker BP will transfer a 7.5% interest in the Barents Sea Wisting discovery to Equinor, alongside a cash consideration of $23 million.Following the transaction, Equinor will increase its operating stake to 42.5%, while Aker BP retains a 27.5% interest.A final investment decision for the high-stakes Arctic project is currently anticipated in 2027.Both companies noted that closing the broader transaction package remains subject to standard regulatory and government approvals.

$EQNR
Asia Markets

European Equities Traded in US as ADRs Rise in Wednesday Trading

European equities traded in the US as American depositary receipts rose Wednesday with the S&P Europe Select ADR Index gaining 1.9% to 1,858.59.From continental Europe, the gainers were led by lender Banco Bilbao Vizcaya Argentaria (BBVA) and biopharmaceutical company Grifols (GRFS), which rose 3.5% and 3.3%, respectively. They were followed by pharmaceutical company Sanofi (SNY) and medical device maker EDAP TMS (EDAP), which were up 2.4% and 0.6%, respectively.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and telecommunications company Nokia (NOK), which fell 3% and 1.4%, respectively. They were followed by internet advertising firm Criteo (CRTO) and software company SAP (SAP), which were down 1% and 0.9%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which climbed 7.1% and 4%, respectively. They were followed by lenders Barclays (BCS) and Lloyds Banking Group (LYG), which each rose 3.4%.The decliners from the UK and Ireland were led by oil and gas companies BP (BP) and Shell (SHEL), which lost 1.3% and 1%, respectively. They were followed by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), down 0.9% and 0.5%, respectively.

$BBVA$BCS$BDRX$BP$BTI$CRTO$EDAP$EQNR$GRFS$LYG$NOK$SAP$SHEL$SLN$SNY$TRIB
Asia Markets

US Equity Futures Edge Higher Pre-Bell Amid Chip Sector Gains as Traders Await Nvidia Earnings

US equity futures were edging higher pre-bell Wednesday as traders anticipated Nvidia's (NVDA) fiscal Q1 financial results, expected after the closing bell, amid share gains in the broader chip sector.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.7% higher.Investors look forward to Nvidia's earnings for key information on trends in artificial intelligence and the demand for chips. The company's stock was up 1.6% in premarket activity.Traders digested the latest round of earnings, with Analog Devices (ADI) posting higher fiscal Q2 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.9% at $107.67 per barrel and US West Texas Intermediate crude 3.3% lower at $100.96 per barrel.The Atlanta Fed Business Inflation Expectations survey for May is scheduled for release at 10 am ET. The Federal Reserve will release the minutes of its most recent policy meeting at 2 pm.Fed Governor Michael Barr is slated to speak on Wednesday.In other world markets, Japan's Nikkei closed 1.2% lower, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 0.5% higher in Europe's early afternoon session.In equities, gains of major chip firms AMD (AMD), Micron Technology (MU), and Intel (INTC) helped propel the wider semiconductor sector. AMD stock was up 2.4%, Micron shares rose 3.8%, and Intel stock was up 4.8%.On the losing side, Lowe's (LOW) stock was down 1.2% despite reporting higher fiscal Q1 adjusted earnings and sales. Energy firms Exxon Mobil (XOM), BP (BP), and Equinor (EQNR) saw their stocks drop as oil prices declined. Exxon Mobil shares were down 0.9%, BP stock fell 1.1%, and Equinor shares were down 1.6%.

Dow JonesNasdaq CompositeS&P 500$ADI$AMD$BP$EQNR$INTC$LOW$MU$NVDA$XOM
Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index was decreasing 0.3%, and the Dow Jones US Utilities Index rose 0.7%.Front-month West Texas Intermediate crude oil was down 0.8% at $107.77 a barrel, and the global benchmark Brent crude contract was shedding 0.6% to $111.39 a barrel. Henry Hub natural gas futures rose 3.6% to $3.13 per 1 million BTU.In corporate news, X-Energy (XE) can deploy about 20 gigawatts of nuclear power by 2040 underpinned by a solid technology value proposition, a capital-light business model, and commercial partnerships, Morgan Stanley said in a note. Morgan Stanley started coverage of the stock at overweight with a price target of $41. X-Energy shares gained 4%.Cenovus Energy's (CVE) addition of MEG Energy's Christina Lake asset to its portfolio late last year has created a huge in-situ oil sands complex which should yield synergistic development opportunities for decades to come, RBC Capital Markets said in a note. Cenovus shares rose 0.7%.Equinor (EQNR) shares climbed 2.8% after the firm said it has signed a five-year agreement with Dutch energy provider Eneco to supply natural gas from the Norwegian continental shelf.BP (BP) maintained the lockout at its Whiting refinery in Indiana after failing to reach a deal with the United Steelworkers, Local 7-1, the company said. BP shares were up 1%.

$BP$CVE$EQNR$XE
Sectors

Sector Update: Energy Stocks Higher Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index was falling 0.1%, and the Dow Jones US Utilities Index rose 0.6%.Front-month West Texas Intermediate crude oil was fractionally lower at $108.62 a barrel, and the global benchmark Brent crude contract was dropping 1.1% to $110.83 a barrel. Henry Hub natural gas futures rose 2.5% to $3.10 per 1 million BTU.In sector news, President Donald Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack, Bloomberg reported. "I hope we don't have to do the war, but we may have to give them another big hit," Trump told reporters on Tuesday. When asked how long he would wait, he said: "Well, I mean, I'm saying two or three days, maybe Friday, Saturday, Sunday. Something maybe early next week -- a limited period of time."Separately, NATO is considering helping ships pass through the Strait of Hormuz if it doesn't get unblocked by early July, Bloomberg reported, citing a senior official in the military alliance.In corporate news, Cenovus Energy's (CVE) addition of MEG Energy's Christina Lake asset to its portfolio late last year has created a huge in-situ oil sands complex which should yield synergistic development opportunities for decades to come, RBC Capital Markets said in a note. Cenovus shares rose 0.1%.Equinor (EQNR) shares gained 2.5% after it said it signed a five-year agreement with Dutch energy provider Eneco to supply natural gas from the Norwegian continental shelf.BP (BP) maintained the lockout at its Whiting refinery in Indiana after failing to reach a deal with the United Steelworkers, or USW, Local 7-1, the company said. BP shares were up 0.6%.

$BP$CVE$EQNR
Asia Markets

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

European equities traded in the US as American depositary receipts were trending lower late Tuesday morning, declining 0.3% to 1,824.16 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by software firm SAP (SAP) and internet advertising company Criteo (CRTO), which advanced 5.3% and 3.6% respectively. They were followed by biopharmaceutical company argenx (ARGX) and petroleum refiner Equinor (EQNR), which rose 2.1% and 1.3% respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and telecommunications company Nokia (NOK), which dropped 3.5% and 2.7% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and medical device maker EDAP TMS (EDAP), which were off 2.6% and 1.6% respectively.The gainers from the UK were led by biopharmaceutical companies Akari Therapeutics (AKTX) and NuCana (NCNA), which were up 4.9% and 3.5% respectively. They were followed bybiopharmaceutical company Biodexa Pharmaceuticals (BDRX) and medical device company Smith & Nephew (SNN), which were up 3.1% and 2.6% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL), which fell 8%, followed by mining company BHP Group (BHP) and pharmaceutical company Silence Therapeutics (SLN), which lost 3% and 0.6% respectively.

$AKTX$ARGX$AUTL$BDRX$BHP$CLLS$CRTO$EDAP$EQNR$NCNA$NOK$SAP$SLN$SNN$SQNS
Sectors

Sector Update: Energy Stocks Advance Premarket Tuesday

Energy stocks were advancing premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% higher.The United States Oil Fund (USO) was up 1.5% and the United States Natural Gas Fund (UNG) was 0.8% higher.Front-month US West Texas Intermediate crude oil was 0.7% lower at $107.95 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.5% to $110.40 per barrel, and natural gas futures were up 0.6% at $3.04 per 1 million British Thermal Units.Equinor (EQNR) shares were up more than 2% after the company said it signed a 5-year agreement with Dutch energy provider Eneco to supply natural gas from the Norwegian continental shelf.BP (BP) maintained the lockout at its Whiting refinery in Indiana after failing to reach a deal with the United Steelworkers, or USW, Local 7-1, the company said. BP stock was 0.4% higher pre-bell.Kinetik Holdings (KNTK) shares were up more than 1% after the company said it has reached a final investment decision and will proceed with the Kings Landing II natural gas processing plant at its existing Kings Landing complex in New Mexico, which is estimated to cost about $260 million.

$BP$EQNR$KNTK$UNG$USO$XLE

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