Energy companies fall after Oman says Mina al Fahal port operations proceeding normally

Texas Pacific Land

05/06/2026 15:43

** S&P 500 energy index .SPNY falls ~1% as oil prices ease
** Brent crude LCOc1 futures down 1.32% at $93.78/barrel; U.S. West Texas Intermediate (WTI) crude futures CLc1 fall 1.9% to $91.23/barrel
** Prices fall after Oman said operations at its Mina al Fahal port were proceeding normally, following a Reuters report of disruption after an explosion O/R
** Oil majors Exxon Mobil XOM.N and Chevron CVX.N down 1.3% and 0.4%, respectively
** Baker Hughes BKR.O, Devon Energy DVN.N, APA Corp APA.O and Texas Pacific Land Corp TPL.N fall between 2% and 2.8%, among the biggest percentage losers on the energy index
** Refiner PBF Energy PBF.N falls 1.1%, HF Sinclair DINO.N down 2%  
** Oilfield services companies: SLB SLB.N down ~2%, and Halliburton HAL.N dips 1.5%

 (Reporting by Pranav Mathur in Bengaluru)
 ((Pranav.Mathur@thomsonreuters.com;))