Sector Update: Energy Lower, Mitsui OSK Ship May Have Been Attacked in Strait of Hormuz
Dow Jones U.S. Oil & Gas Index: 462.94 Tuesday regular session close
NYMEX Benchmark Crude: -0.04 (-0.05%) to 76.09
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Energy issues are narrowly mixed pre-market as oil prices falter on worries about energy demand in U.S. markets in particular. Japanese oil tanker fleet operator Mitsui O.S.K. Lines Ltd (9104) reported that one of its ships may have been attacked near the Strait of Hormuz. The strait connects the Persian Gulf and the Gulf of Oman and is a key passage for tankers transporting from the Middle East. The M. Star is now on its way to the United Arab Emirates to assess damages following an explosion on board that injured one of the 31 crew members. Royal Dutch Shell plc ( RDSA ), meanwhile, is carrying out maintenance at its refinery in Geelong, Australia. The refinery is one of two operated by Shell in Australia, and has the capacity to process up to 120,000 barrels of oil a day. The company declined details about what units are being serviced.
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