Shares of oil and gas companies are trading lower as traders assess supply disruption in Libya and reports of soft demand in China. Data showed a smaller-than-expected draw in crude oil inventories and the EIA reported a build in weekly distillates stocks.
Portfolio Pulse from Benzinga Newsdesk
Oil and gas stocks are declining due to supply disruptions in Libya, weak demand in China, and unexpected inventory data.
August 28, 2024 | 5:47 pm
News sentiment analysis
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NEGATIVE IMPACT
BANL shares are likely affected by the overall decline in oil and gas stocks due to supply disruptions in Libya and weak demand in China.
BANL, being part of the oil and gas sector, is likely to be impacted by the negative sentiment affecting the industry due to supply disruptions and demand concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
BORR shares are likely to be impacted by the negative sentiment in the oil and gas sector due to supply and demand issues.
As an oil and gas company, BORR is expected to be affected by the broader market decline due to supply disruptions and demand concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
CLCO shares may experience downward pressure due to the overall decline in the oil and gas sector.
CLCO, being part of the oil and gas industry, is likely to be impacted by the negative sentiment due to supply disruptions and demand issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
CLMT shares are likely to be affected by the negative sentiment in the oil and gas sector.
As an oil and gas company, CLMT is expected to be impacted by the broader market decline due to supply disruptions and demand concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
CRK shares may see a decline due to the overall negative sentiment in the oil and gas sector.
CRK, being part of the oil and gas industry, is likely to be impacted by the negative sentiment due to supply disruptions and demand issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NFE shares are likely to be impacted by the negative sentiment in the oil and gas sector.
As an oil and gas company, NFE is expected to be impacted by the broader market decline due to supply disruptions and demand concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
TBN shares may experience downward pressure due to the overall decline in the oil and gas sector.
TBN, being part of the oil and gas industry, is likely to be impacted by the negative sentiment due to supply disruptions and demand issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50