Tidewater, Calumet, and Golar LNG shares fall as oil drops below $80

CommodityGeopolitics
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of Tidewater, Calumet, and Golar LNG declined in afternoon trading after Brent crude fell below $80 per barrel for the first time since March, with WTI dropping to around $75. The decline reflects the removal of a war-risk premium as the Iran peace deal appears durable, and President Trump clarified that the Strait of Hormuz will remain toll-free beyond the initial 60-day ceasefire period. Tidewater fell 3.3%, Calumet dropped 2.7%, and Golar LNG lost 2.8%, as lower oil prices reduce revenue projections for producers and cut demand for oilfield services. Tidewater remains up 36.7% year-to-date but trades 21.7% below its 52-week high of $91.12.

Impact on stocks 5

Energy▼ · 4 stocks
Tidewater Inc
TDW
▼ NegativeDemandrelevance

Lower oil prices reduce revenue projections for producers, cutting demand for Tidewater's oilfield services.

Golar LNG Limited
GLNG
▼ NegativeDemandrelevance

Lower oil prices reduce demand for Golar LNG's shipping services as energy production slows.

Energy Transition & Power Demand▲ · 1 stocks

Theme Impact 1

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