Most energy giants were declining pre-market Tuesday. West Texas Intermediate crude oil for October delivery was down $0.77 at $62.13 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude November contract lost $1.09 to $67.93 per barrel and October natural gas futures were 4 cents lower at $2.64 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.86%, while the United States Natural Gas fund was 1.33% lower.
In other sector news:
(+) McDermott International (MDR) was up 1% after saying its Qingdao McDermott Wuchuan Offshore Engineering joint venture in Qingdao, China, has been awarded a contract to provide three modules for the Arctic LNG 2 project in Russia.
(-) Chevron (CVX) can "relatively quickly" resume production at an oilfield it has been operating between Saudi Arabia and Kuwait to make up for the lost production following the attack in crude facilities in Saudi Arabia, CEO Michael Wirth told CNBC. Chevron was slightly lower recently.
(=) PetroChina (PTR) is a facing a 10-day delay from Saudi Aramco of light crude oil loadings for October, a senior executive from the Chinese state oil company told Reuters. PetroChina was flat in recent trading.
Price: 6.15, Change: +0.07, Percent Change: +1.15
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