Oil firms fall as Chinese demand concerns overshadow Libya's export halt

Murphy Oil

03/09/2024 13:22

** Shares of oil and gas companies fall premarket, tracking
declines in crude prices  O/R 
    ** Brent crude futures  LCOc1  down 2.1% at $75.87/bbl and
U.S. West Texas Intermediate crude futures  CLc1  down 1.4% at
$72.45/bbl
    ** Prices decline as sluggish economic growth in China, the
world's biggest crude importer, increased demand concerns that
overshadowed the impact of halted production and exports from
Libya
    ** Energy majors Exxon Mobil  XOM.N  and Chevron  CVX.N 
drop ~1% and 0.8%, respectively
    ** Shares of Murphy Oil  MUR.N , Marathon Oil  MRO.N ,
Conocophillips  COP.N  and APA Corp  APA.O  fall nearly 1%;
Diamondback Energy  FANG.O  slips 1.1%
    ** Oilfield services firms SLB  SLB.N  and Halliburton
 HAL.N  fall 0.9% and 1.1%, respectively
    ** Refiners Phillips 66  PSX.N  and Valero Energy  VLO.N 
both down 1%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))