Brent crude and West Texas Intermediate oil prices declined for a third consecutive session as easing concerns over Saudi Arabian supply disruptions outweighed concerns about a wider Middle East conflict.
NGL Energy Partners (NYSE:NGL) announced that its Board of Directors declared quarterly distributions for its Class B, Class C and Class D preferred units for the quarter ending September 30, 2026.
Brent crude futures declined 1.8% to $103.95 a barrel and U.S. West Texas Intermediate (WTI) futures fell 1.7% to $100.66 a barrel after reports that Saudi Arabia was offering additional crude cargoes through Oman, easing some supply concerns.
U.S. oil stocks declined as crude prices fell, with the S&P 500 energy index down 1.9% after reports that additional Saudi crude cargoes were available through Oman.
Plains All American Pipeline (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) agreed to acquire SCM PR II, LLC, known as Silver Creek, for approximately $585 million in cash, adding crude oil gathering assets in the Powder River Basin.
Oil prices declined on Wednesday after a two-day rally, with Brent crude futures falling $1.22 to $107.53 per barrel and U.S. West Texas Intermediate futures dropping $1.64 to $104.19 per barrel following an unexpected increase in U.S. crude inventories.
Oil prices rose on Tuesday as supply concerns increased after attacks on Saudi Arabian energy infrastructure disrupted the East-West pipeline, with Brent crude futures gaining 1.77% to $107.55 a barrel and West Texas Intermediate (WTI) futures rising 1.85% to $103.27 a barrel.
Sempra Infrastructure (NYSE:SRE) signed a 20-year sales and purchase agreement with Petrobras for approximately 0.8 million tonnes per annum of liquefied natural gas from the Port Arthur LNG Phase 2 project in Texas.
Borr Drilling (NYSE:BORR) has entered agreements to divest its 51% equity stake in Mexican joint ventures Perfomex to its local partner, with completion expected in September 2026.
Brent crude for October and November delivery rose more than 3% above $108 a barrel Monday, while U.S. benchmark WTI gained 2.3% to around $102.
SFL Corporation (NYSE:SFL) agreed to extend charter contracts for six 15,400 TEU container vessels with Hapag-Lloyd AG for an additional seven years.
TotalEnergies (NYSE:TTE) acquired a 35% interest in the Grandpuits advanced plastics recycling plant, giving the company full ownership of the facility in Seine-et-Marne, France.
