Shares of Energy Companies Are Trading Lower, Pulling Back After Recently Rising Amid Middle East Tensions. China Stimulus Uncertainty May Also Be Impacting the Demand Outlook.
Middle East risks beginning to dissipate? Crude oil plunges more than 3% intraday.
Some analysts believe that the current increase in oil prices is based solely on expectations rather than actual supply disruptions, and the likelihood of Israel attacking Iranian oil infrastructure is low.
Sector Update: Energy Stocks Decline Premarket Tuesday
Express News | BP achieves the first LNG delivery to Zhejiang Energy Group.
Crude Oil Futures Pull Back After Rally -- Market Talk
Express News | Cosmos Energy: Arbitration with BP plc Natural Gas Marketing Department on the future liquefied natural gas sales of the Grand Tortue-Ahmeyim Project in Mauritania and Senegal.