Transocean에 대한 매도 수량은 투자자에게 Transocean의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Transocean (NYSE:RIG) 주식, 공매도 수량 보고

Transocean

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

News

Movers

트랜스오션(NYSE:RIG)의 주가는 OPEC+가 원유 감산을 2025년까지 연장하기로 결정한 이후 월요일 하락세로 거래되었다. 회사 개요 (What To Know): 석유 수출국기구(OPEC)와 러시아를 중심으로 한 동맹국들이 결성한 OPEC+는 미미한 수요 증가, 고금리, 미국 생산의 증가에 대한 우려를 해결하는 것을 목표로 하고 있다.

OPEC+ 원유 감산 연장 결정에 월요일 트랜스오션의 주식 하락

Transocean Ltd (Switzerland) Common Stock

Transocean Ltd

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RICHLAND RESOURCES INTL by Richland Resources International Group,

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Rigel Pharmaceuticals, Inc. - Common Stock

Rigel Pharmaceuticals Inc

RIDGESTONE MINING INC by Ridgestone Mining Inc.

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RiverFront Strategic Income Fund

TRANSOCEAN ORD

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley raised the price target for Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) from $5 to $6. Morgan Stanley analyst Daniel Kutz maintained an Equal-Weight rating. Transocean shares fell 1.4% to close at $4.33 on Wednesday. <a href="https://www.benzinga.com/quote/RIG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho lowered the price target for Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) from $17 to $8. Mizuho analyst Vijay Rakesh downgraded the stock from Neutral to Underperform. Wolfspeed shares gained 2.9% to close at $9.15 on Wednesday. <a href="https://www.benzinga.com/quote/WOLF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group slashed Academy Sports and Outdoors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) price target from $65 to $60. Evercore ISI Group analyst Greg Melich downgraded the stock from Outperform to In-Line. Academy Sports and Outdoors shares fell 1.3% to close at $55.56 on Wednesday. <a href="https://www.benzinga.com/quote/ASO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank raised Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) price target from $600 to $620. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. Lockheed Martin shares fell 0.4% to close at $603.20 on Wednesday. <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) price target from $225 to $195. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. Boeing shares fell 0.9% to close at $152.89 on Wednesday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) from $177 to $180. B of A Securities analyst Craig Siegenthaler maintained an Underperform rating. CME fell 0.8% to close at $223.57 on Wednesday. <a href="https://www.benzinga.com/quote/CME/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank raised GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) price target from $212 to $235. Deutsche Bank analyst Scott Deuschle maintained a Buy rating. GE Aerospace shares gained 0.1% to close at $186.44 on Wednesday. <a href="https://www.benzinga.com/quote/GE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) from $52 to $56. Piper Sandler analyst Anna Andreeva maintained an Overweight rating. On Holding shares fell 0.3% to close at $49.21 on Wednesday. <a href="https://www.benzinga.com/quote/ONON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities cut CoreCard Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCRD#NYSE">CCRD</a>) price target from $19 to $15. B. Riley Securities analyst Hal Goetsch downgraded the rating from Buy to Neutral. CoreCard shares fell 4.6% to close at $13.89 on Wednesday. <a href="https://www.benzinga.com/quote/CCRD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) price target from $35 to $15. Morgan Stanley analyst Devin McDermott downgraded the stock from Overweight to Equal-Weight. New Fortress Energy shares fell 7.6% to close at $8.94 on Wednesday. <a href="https://www.benzinga.com/quote/NFE/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-1024x512.png" alt="" class="wp-image-578508" style="width:618px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03081857/image-13.png 1342w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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GE Aerospace To Rally Around 26%? Here Are 10 Top Analyst Forecasts For Thursday

Morgan Stanley analyst Daniel Kutz maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Equal-Weight and raises the price target from $5 to $6.

Morgan Stanley Maintains Equal-Weight on Transocean, Raises Price Target to $6

WIIM

CEIX

CIVI

CTRA

EQNR

FANG

SHEL

VIST

Shares of energy companies are trading higher amid a rise in oil after the Israeli military carried out an airstrike on Hezbollah headquarters in Beirut, Lebanon. Also, Israeli Prime Minister Netanyahu, in a speech to the UN, mentioned Hezbollah and said his country has "every right to remove this threat and return our citizens to their homes safely."

Morgan Stanley analyst Daniel Kutz maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Equal-Weight and lowers the price target from $7 to $5.

Morgan Stanley Maintains Equal-Weight on Transocean, Lowers Price Target to $5

Citigroup analyst Scott Gruber downgrades Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) from Buy to Neutral.

Downgrades

Citigroup Downgrades Transocean to Neutral

Transocean Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) has secured a new assignment with the British oil major, BP plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>), in the U.S. Gulf of Mexico. The company&#39;s Deepwater Atlas ultra-deepwater drillship has been contracted for the assignment. The contract, valued at $232 million, has a duration of 365 days, with a 365-day option. Work related to the assignment is expected to begin in the second quarter of 2028.&nbsp;
The Deepwater Atlas drillship is one of the two eighth-generation drillships to join Transocean&#39;s fleet in 2022.&nbsp; Notably, it is known to be one of the first drillships to be equipped with 20,000-psi well control capabilities, along with a hoisting capacity of 3.4 million pounds. Another eighth-generation drillship, Deepwater Titan,&nbsp;joined Transocean&#39;s fleet the same year. With the help of these drillships, the Gulf of Mexico region is entering a new exploration phase under high-pressure and high-temperature conditions.
The seventh-generation drillships have a hoisting capacity of 2.5-2.8 million pounds, while the sixth-generation ones have a hoisting capacity of up to 2.0 million pounds. Seventh-generation drillships are limited to 15,000 psi well control systems.
The new eighth-generation drillships offer unique features with improved capabilities and cutting-edge tools that are well-suited for drilling wells in deepwater environments. These drillships, in particular, can operate at water depths of 12,000 feet and drill up to a depth of 40,000 feet.
Designed to improve sustainability, these drillships help optimize fuel consumption and reduce greenhouse gas emissions. Consequently, they have a lower carbon footprint associated with their offshore operations.
The Deepwater Atlas drillship was built by Seatrium, erstwhile known as Sembcorp Marine. It was delivered to Transocean in June 2022. Before its delivery, Transocean secured a drilling assignment for the rig with Beacon Offshore in August 2021.
<h2>Zacks Rank and Key Picks</h2>
Currently, RIG carries a Zacks Rank #3 (Hold), while BP has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the energy&nbsp;sector are&nbsp;PEDEVCO Corp. (AMEX:PED)&nbsp;and&nbsp;MPLX LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>), presently sporting a Zacks Rank #1 (Strong Buy) each.
PEDEVCO is engaged in the acquisition and development of energy assets in the United States and Pacific Rim countries. The company stands to benefit significantly from its holdings in the Permian Basin, one of the most prolific oil-producing regions in the United States, as well as in the D-J Basin in Colorado, which includes more than 150 high-quality drilling locations. Combined with bullish oil prices, this is expected to boost PEDEVCO&#39;s production and overall profitability.
MPLX LP owns and operates a wide range of midstream assets. The partnership&#39;s midstream assets include oil and natural gas gathering systems and transportation pipelines for crude, natural gas and refined petroleum products. MPLX is least exposed to commodity price fluctuations as it generates stable fee-based revenues. Furthermore, it surpasses its industry peers in terms of distribution yield, reflecting its commitment to returning capital to its unitholders.
<a href="https://www.zacks.com/stock/news/2335234/transocean-secures-new-drilling-assignment-in-the-gulf-of-mexico?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2335234">To read this article on Zacks.com click here.</a>

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Events

MPLX

Transocean Secures New Drilling Assignment in the Gulf of Mexico

Transocean shares are trading higher after the company secured a $232 million contract with BP for the Deepwater Atlas in the U.S. Gulf of Mexico.

Transocean Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) shares are trading higher premarket Wednesday. On Tuesday, the company disclosed a 365-day contract for the Deepwater Atlas with BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40803820/transocean-ltd-announces-232-million-ultra-deepwater-drillship-contract" rel="noreferrer noopener">in the U.S. Gulf of Mexico</a>.
The program is set to begin in the second quarter of 2028. The contract, including a 365-day option, is expected to add around $232 million to the backlog, excluding mobilization fees, with no additional services provided.
Last week, the company announced that a subsidiary has agreed to sell the Development Driller III and associated assets for $195 million and the Discoverer Inspiration<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40692941/why-is-transocean-stock-diving-on-tuesday" rel="noreferrer noopener"> and related assets for $147 million</a>.
The company stated that the total sale amount of $342 million will result in a non-cash charge of $630 million—$645 million in the third quarter due to asset impairment.
In July, the company reported an adjusted EPS of $(0.15), missing the estimate of $(0.10), and sales of $861 million, falling short&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40081414/transocean-ltd-reports-second-quarter-2024-results" rel="noreferrer noopener">of the $862.6 million estimate</a>.
As of July 2024, Transocean&#8217;s backlog stood at $8.64 billion.
Investors can gain exposure to the stock via&nbsp;Exchange Traded Concepts Trust Range Global Offshore Oil Services Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFOS#NYSE">OFOS</a>) and&nbsp;SPDR Series Trust SPDR S&amp;P Oil &amp; Gas Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XES#NYSE">XES</a>).
Price Action: RIG shares are up 4.59% at $4.10 premarket at the last check Wednesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Contracts

OFOS

SPDR S&P Oil & Gas Equipment & Services ETF

Transocean Pockets $232M Drillship Contract For Deepwater Atlas: Details

The contract also provides for a 365-day option. The program is expected to commence in the&nbsp;second quarter&nbsp;of 2028 and contribute approximately&nbsp;$232 million&nbsp;in backlog, excluding a mobilization fee. There are no additional services provided under the contract. 
&nbsp;

Transocean Secures $232M Contract For The Deepwater Atlas With BP In The U.S. Gulf Of Mexico

RCON

Shares of energy stocks are trading lower amid a pullback in the price of oil as OPEC cuts its demand forecast.

Whales with a lot of money to spend have taken a noticeably bullish stance on Transocean.
Looking at options history for Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 12% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $154,585 and 3, calls, for a total amount of $192,416.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.5 to $7.0 for Transocean over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Transocean's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Transocean's significant trades, within a strike price range of $4.5 to $7.0, over the past month.
<h3>Transocean 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725551314_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.41</td>
<td>$0.38</td>
<td>$0.41</td>
<td>$4.50</td>
<td>$117.9K</td>
<td>25.2K</td>
<td>5.1K</td>
</tr>
<tr>
<td>RIG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$0.8</td>
<td>$0.76</td>
<td>$0.78</td>
<td>$5.00</td>
<td>$39.0K</td>
<td>22.9K</td>
<td>502</td>
</tr>
<tr>
<td>RIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.45</td>
<td>$0.44</td>
<td>$0.44</td>
<td>$4.50</td>
<td>$35.5K</td>
<td>25.2K</td>
<td>5.9K</td>
</tr>
<tr>
<td>RIG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$0.56</td>
<td>$0.35</td>
<td>$0.35</td>
<td>$4.50</td>
<td>$35.3K</td>
<td>2.9K</td>
<td>389</td>
</tr>
<tr>
<td>RIG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.01</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$5.00</td>
<td>$34.2K</td>
<td>11.7K</td>
<td>352</td>
</tr>
</tbody>
</table>

<h3>About Transocean</h3>
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. Its segment involves contracting mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.
Having examined the options trading patterns of Transocean, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Transocean's Current Market Status</h3>
<ul>
<li>Trading volume stands at 12,607,884, with RIG's price up by 1.57%, positioned at $4.21.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 53 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Transocean, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

What the Options Market Tells Us About Transocean

Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) ("Transocean") today announced that Reliance Industries Limited awarded a binding Letter of Award for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026 and is estimated to contribute approximately $123 million in backlog, excluding additional services and a mobilization fee. The award also includes multiple options. If all options are exercised, the rig would remain in India through the end of 2029. &nbsp;

Transocean Bags $123M Ultra-Deepwater Drillship Contract From Reliance Industries Limited

Transocean Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) shares are trading lower after the company entered asset sale deals and disclosed non-cash charges in the <a target="_blank" href="https://investor.deepwater.com/static-files/bc78387e-c4f9-43e7-9523-af43d4867342" rel="noreferrer noopener">third</a> quarter.
The company announced that a subsidiary has agreed to sell the Development Driller III and associated assets for $195 million and the Discoverer Inspiration and related assets for $147 million.
The company stated that the total sale amount of $342 million will result in a non-cash charge of $630 million—$645 million in the third quarter due to asset impairment.
Transocean plans to use the proceeds to repay existing debt mainly. The transactions, subject to customary conditions, are expected to close in the third quarter of 2024.
In July, the company reported an adjusted EPS of $(0.15), missing the estimate of $(0.10), and sales of $861 million, falling short <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40081414/transocean-ltd-reports-second-quarter-2024-results" rel="noreferrer noopener">of the $862.6 million estimate</a>.
As of June-end, the company&#8217;s long-term debt stood at $6.78 billion.
Investors can gain exposure to the stock via Exchange Traded Concepts Trust Range Global Offshore Oil Services Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFOS#NYSE">OFOS</a>) and SPDR Series Trust SPDR S&amp;P Oil &amp; Gas Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XES#NYSE">XES</a>).
Price Action: RIG shares are down 9.8% at $4.275 at the last check Tuesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Guidance

Asset Sales

Why Is Transocean Stock Diving On Tuesday?

Transocean shares are trading lower after the company entered asset sale deals and said it estimates non-cash charges of $630M-$645M for Q3.

Transocean Unit Entered Deals With 3rd Party To Sell Development Driller III, Related Assets For $195M; Co's Unit Also Entered Deal With 3rd Party To Sell Discoverer Inspiration, Assets For $147M; Expects Sale Of Assets, For $342M, To Result In Estimated Non-Cash Charge For Q3 2024 Ranging Between $630M-$645M

Oil futures surged significantly on Monday morning, with West Texas Intermediate (WTI) light crude rising 3% to over $77 per barrel as of 9:00 a.m. ET, amid escalating geopolitical tensions in the Middle East and<a href="https://www.benzinga.com/markets/commodities"> fresh supply disruptions in Libya.</a>
This marks the third consecutive day of oil price gains after hitting their lowest levels since January on Wednesday, Aug. 21. With Monday&#8217;s increase, WTI has climbed more than 7% over the past three sessions, setting the stage for the strongest three-day rally since late March 2023.
What Happened: On Saturday, Aug. 24, the Iran-backed Lebanese militant group Hezbollah launched a large-scale assault against Israel, using rockets and drones in retaliation for the killing of senior Hezbollah commander Fuad Shukr by Israeli forces. The attack involved hundreds of rockets and at least 20 drones targeting various locations in northern Israel.
In response, Israel carried out airstrikes on multiple Hezbollah positions in southern Lebanon, hitting at least 17 sites in an effort to thwart further large-scale attacks. Israeli officials described these strikes as preemptive measures aimed at neutralizing Hezbollah&#8217;s capabilities.
The situation remained volatile on Sunday, with ongoing exchanges of fire, fueling concerns about a broader regional conflict. Israeli Prime Minister Benjamin Netanyahu warned that the strikes against Hezbollah are not &#8220;the end of the story.&#8221;
In Libya, the political and security environment has deteriorated sharply. The eastern government, a rival to the Tripoli-based administration, announced a halt to oil production and exports following a dispute over the leadership of the Central Bank, exacerbating the global supply concerns.
According to Reuters, Waha Oil Company, a subsidiary of the National Oil Corp and operator of a joint venture with ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), announced plans to cut crude production and warned that output could come to a complete stop due to protests and pressures.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/08/40548945/temu-parent-pdd-posts-86-q2-topline-growth-stock-drops-after-ceo-flags-upcoming-challenges">Temu Parent PDD Posts 86% Q2 Topline Growth, Stock Drops After CEO Flags Upcoming Challenges</a>
Why It Matters: The recent rebound in equity markets after the early August selloff was largely driven by fading fears of a U.S. recession. 
Investors also responded positively to central bankers&#8217; signals of potential interest rate cuts, as confidence grew that inflation is moving closer to the 2% target. 
However, the sudden spike in crude oil prices, driven by supply concerns, could dampen the positive investor sentiment toward risk asset and curb further disinflationary gains in the economy. 
Market Reactions: Energy-related companies saw gains in Monday&#8217;s premarket trading. 
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose over 1%. Companies in the oil services sector also benefited, with the VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) up 1.8%. Firms in the upstream market, tracked by the SPDR S&amp;P Oil &amp; Gas Exploration and Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>), were 1.3% higher.
Top premarket movers included: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Chg %</td>
</tr>
<tr>
<td>Sitio Royalties Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STR#NYSE">STR</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>Talos Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>Petroleo Brasileiro SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>)</td>
<td>2.2%</td>
</tr>
<tr>
<td>Helix Energy Solutions Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>)</td>
<td>2.1%</td>
</tr>
<tr>
<td>Murphy Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>)</td>
<td>1.8%</td>
</tr>
<tr>
<td>Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>)</td>
<td>1.7%</td>
</tr>
<tr>
<td>EOG Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEG#NYSE">OEG</a>)</td>
<td>1.7%</td>
</tr>
<tr>
<td>Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</td>
<td>1.5%</td>
</tr>
<tr>
<td>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</td>
<td>1.5%</td>
</tr>
<tr>
<td>ConocoPhillips </td>
<td>1.4%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40535770/feds-powell-hints-at-policy-shifts-dollar-plunges-gold-rallies-as-investors-flock-to-rate-cut-wi">Fed&#8217;s Powell Hints At Policy Shifts, Dollar Plunges, Gold Rallies As Investors Flock To Rate-Cut Winners: This Week In The Markets</a></li>
</ul>
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