Energy Gains Limited as Oil Slides on China Fears - Energy Roundup

Shares of energy companies rose, but not by as much as the broad market, as oil futures slid.

Oil futures fell by the largest increment since June 3 amid concerns about Chinese demand following lackluster growth data from the second largest global economy.

Oil-engineering firm KBR agreed to buy engineering, data-analytics and digital-integration company LinQuest from investment firm Madison Dearborn Partners for $737 million cash.

French oil major TotalEnergies forecast second-quarter oil-and-gas output at the high end of its guidance range, but said weak refining margins will hamper downstream results.

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(END) Dow Jones Newswires

07-16-24 1706ET