--- title: "Sector Update: Energy Stocks Higher Thursday Afternoon" type: "News" locale: "en" url: "https://longbridge.com/en/news/286453872.md" description: "Energy stocks rose on Thursday, with the NYSE Energy Sector Index up 0.8% and the State Street Energy Select Sector SPDR ETF increasing by 0.9%. Crude oil prices also saw gains, with WTI at $101.70 per barrel. In corporate news, Constellation Energy acquired a minority stake in Pine Creek facilities, while Chevron sold its downstream business in several countries for $2.17 billion. New Fortress Energy is restructuring $6.5 billion in debt, leading to a nearly 6% drop in its shares." datetime: "2026-05-14T18:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286453872.md) - [en](https://longbridge.com/en/news/286453872.md) - [zh-HK](https://longbridge.com/zh-HK/news/286453872.md) --- # Sector Update: Energy Stocks Higher Thursday Afternoon 02:00 PM EDT, 05/14/2026 (MT Newswires) -- Energy stocks advanced Thursday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%. The Philadelphia Oil Service Sector Index was climbing 1%, and the Dow Jones US Utilities Index was fractionally higher. Front-month West Texas Intermediate crude oil was rising 0.7% to $101.70 a barrel, and the global benchmark Brent crude contract was adding 0.1% to $105.73 a barrel. Henry Hub natural gas futures rose 1.4% to $2.90 per 1 million BTU. US natural gas stocks rose by 85 billion cubic feet in the week ended May 8, smaller than the 87 billion gain expected in a survey compiled by Bloomberg and following an increase of 63 billion cubic feet in the previous week. In corporate news, Constellation Energy ( CEG ) and Pine Creek RNG said Thursday they have signed a long-term agreement under which Constellation will buy a minority equity interest in five Pine Creek production facilities. Constellation shares increased 0.6%. Chevron ( CVX ) has agreed to sell its downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, to Eneos for $2.17 billion, Eneos said. Chevron ( CVX ) shares added 0.3%. New Fortress Energy ( NFE ) is seeking permission from a UK court for a restructuring plan that will convert 90% of its $6.5 billion debt into equity and transfer ownership of the company to creditors, Bloomberg reported. New Fortress shares fell nearly 6%. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. ### Related Stocks - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [CVX.US](https://longbridge.com/en/quote/CVX.US.md) - [CEG.US](https://longbridge.com/en/quote/CEG.US.md) - [NFE.US](https://longbridge.com/en/quote/NFE.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [5020.JP](https://longbridge.com/en/quote/5020.JP.md) ## Related News & Research - [Chevron Pens $2.17 Billion Downstream Asset Sale](https://longbridge.com/en/news/286418791.md) - [Mapping the Market: Energy shares may be in for a fall if warning is confirmed](https://longbridge.com/en/news/286074648.md) - [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md) - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [LIVE MARKETS-Energy’s big lead comes with a big warning](https://longbridge.com/en/news/285948143.md)