Sector Update: Energy Down; Aegean Marine Petroleum Tumbles on Disappointing Q3


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Dow Jones U.S. Oil & Gas Index: 541.22 Wednesday regular session close

NYMEX Benchmark Crude: +0.07 (+0.08%) to 89.03

Top Energy Stocks

XOM: -0.30%

CVX: -0.43%


OXY: 0.00%

COP: -0.65%

Energy issues are mostly lower pre-market, even though oil prices are pushing up closer to the psychologically critical $90 a barrel mark. Salamander Energy plc (SMDR) will buy Indonesia's Elnusa Bangkanai Energy Ltd for $11.2 million to bolster its foothold in the country. Elnusa has a 69% stake in the Bangkanai prospect that contains the Kerendan gas field, which has about 157 billion cubic feet of gas. DNO International ASA ( DNO ) said oil exports from Iraq's Kurdish region could resume once a government is firmly established in Baghdad, according to Bloomberg. Ship fuel supplier Aegean Marine Petroleum Network Inc ( ANW ) reported third quarter results that fell short of analysts' estimates, and has plunged over 38% before the opening bell on the NYSE.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities
More Headlines for: ANW , DNO

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