Dow Jones U.S. Oil & Gas Index: 458.55 Wednesday regular
NYMEX Benchmark Crude: -0.54 (-0.71%) to 75.81
Top Energy Stocks
Energy issues are weaker pre-market, with oil prices falling on
renewed concerns about how the European sovereign debt crisis will
hurt global growth. The U.S. government has appealed the federal
judge of New Orleans' call not to enforce the moratorium on
deepwater drilling. In Russia, OAO Lukoil (
) does not expect ConocoPhillips (
) to completely sell out of the company despite the U.S. group's
move to halve its stake in Lukoil, according to daily Kommersant.
Conoco said it would halve its 20% stake in Lukoil within the next
three years, but CEO Vagit Alekperov told the daily that it was
unlikely that Conoco would sell off its remaining 10%
shareholdings. PetroQuest Energy Inc (
) cut its production outlook for the second quarter due to
unexpected shut-ins at two of its fields and the sale of stake in
Woodford shale assets.
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