Sector: Energy & Utilities

Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.

Energy Transfer (ET) stock has recovered in the last two trading sessions after investors hammered it on its plans to acquire SemGroup (SEMG).

Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.

There's been a lot of talk about defensive stocks amid broader markets' volatility. Southern Company stock has rallied almost 40% year-to-date.

Today, the EIA plans to report natural gas inventories for the week ended September 13. A negative inventories spread could support natural gas prices.

Refining stocks have put up mixed performance numbers in the third quarter. Valero Energy and Marathon Petroleum have fallen 1.5% and 4.4%, respectively.

Today at 12:44 PM ET, US crude oil prices declined 4.1%. News reports indicate that Saudi Arabia plans to restore its oil production by early October.

Valero Energy (VLO) stock rose about 2.37% in today’s trading session as of 11:47 AM EDT. VLO fell about 3.67% on Monday and closed at $82.39.

BP (BP) stock rose 3.9% on Monday due to higher oil prices. The drone attack on Saudi Arabia’s oilfield increased WTI crude oil by about 13%.

Just as the Fed is set to ponder an interest rate cut amid fears of a US slowdown, the People’s Bank of China has kept its one-year interest rate steady.