Iranian nuclear talk weakens crude oil prices

  • August 22, 2022

What the Iran nuclear deal means for oil prices - Vox

 

Saudi Arabia’s warning that OPEC+ production might cut output if a nuclear deal is reached with Iran sent crude oil prices struggling on Monday. OPEC+ leaders fear such a deal being pushed by the Biden will result in Iran being allowed to put more of its oil on the world market.

West Texas Intermediate crude for September delivery slipped 54 cents to $90.23 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for October delivery slid 24 cents before settling at $96.48 a barrel on ICE Futures Europe.

 September natural gas rose 34 cents or nearly 4% to $9.68 per 1,000 cubic feet.

Of those Oklahoma energy stocks that made gains on Monday, Mammoth Energy had the largest at more than 8%.

 

Alliance Resource Partners, L.P.
25.37 USD+1.11 (4.58%)
Chesapeake Energy Ord Shs
100.16 USD+3.83 (3.98%)
Continental Resources, Inc.
69.54 USD−0.030 (0.043%)
Coterra Energy Inc
30.58 USD+0.28 (0.92%)
Devon Energy Corp
68.42 USD−0.080 (0.12%)
Empire Petroleum Corporation
14.90 USD+0.070 (0.47%)
Gulfport Energy Corp
97.46 USD+0.50 (0.52%)
Helmerich & Payne, Inc.
42.80 USD−0.43 (0.99%)
LSB Industries, Inc.
14.20 USD+0.85 (6.37%)
Laredo Petroleum Inc
73.19 USD−0.17 (0.23%)
Magellan Midstream Partners, L.P.
51.52 USD−0.35 (0.67%)
Mammoth Energy Services Inc
4.35 USD+0.33 (8.21%)
Matrix Service Co
5.64 USD+0.14 (2.55%)
NGL Energy Partners LP
1.62 USD+0.020 (1.25%)
OGE Energy Corp.
42.20 USD−0.58 (1.36%)
ONE Gas Inc
82.06 USD−1.65 (1.97%)
Ovintiv Inc
50.06 USD+0.43 (0.87%)
PHX Minerals Inc
3.67 USD+0.020 (0.55%)
SandRidge Energy Inc.
21.43 USD+0.92 (4.49%)
Unit Corp
63.00 USD+2.50 (4.13%)
Williams Companies Inc
34.69 USD−0.24 (0.69%)
Look How Low Oil Prices Have Fallen: 6 Impacted Industries
 It was a mild day of trading for other energy stocks according to the Texas Energy Report.

Apache (APA) up 0.64 at 36.79 – change 1.77%

Cheniere (LNG) down 0.61 at 165.24 – change 0.37%

Chevron (CVX) down 0.79 at 156.90 – change 0.51%

ConocoPhillips (COP) up 0.10 at 105.24 – change 0.09%

Diamondback Energy (FANG) up 0.79 at 131.18 – change 0.60%

Energy Transfer LP (ET) up 0.01 at 11.82 – change 0.08%

Enterprise Products Partners (EPD) down 0.29 at 26.69 – change 1.08%

EOG Resources (EOG) up 0.15 at 118.90 – change 0.12%

ExxonMobil (XOM) down 0.08 at 94.01 – change 0.08%

Kinder Morgan (KMI) down 0.16 at 18.55 – change 0.86%

Marathon Oil Corp. (MRO) up 0.19 at 24.65 – change 0.77%

National Oilwell Varco (NOV) down 0.33 at 17.57 – change 1.85%

Occidental Petroleum (OXY) down 2.26 at 69.03 – change 3.18%

Phillips 66 (PSX) down 0.21 at 88.23 – change 0.24%

Pioneer Natural Resources (PXD) up 1.45 at 243.45 – change 0.59%

Tellurian Inc. (TELL) up 0.10 at 4.50 – change 2.27%

Valero (VLO) up 0.57 at 119.13 – change 0.48%

CLOSING TOP UTILITY STOCKSAmerican Electric Power (AEP) down 1.53 at 103.41 – change 1.46%

CenterPoint (CNP) down 0.62 at 32.03 – change 1.90%

Entergy (ETR) down 0.98 at 120.67 – change 0.81%

Jerry Bohnen