Sector Update: Energy Stocks Fall Late Afternoon

04:06 PM EDT, 09/18/2026 (MT Newswires) -- Energy stocks fell late Friday afternoon with the NYSE Energy Sector Index declining 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.4%. The Philadelphia Oil Service Sector Index fell 0.5%, and the Dow Jones US Utilities Index dropped 1.2%. West Texas Intermediate crude oil fell 2.2% to $99.70 a barrel, and global benchmark Brent shed 1.5% to $103.21 a barrel. Henry Hub natural gas futures were little changed at $2.90 per 1 million BTU. In corporate news, Westinghouse Electric is aiming for a valuation of over $50 billion in its US initial public offering, Bloomberg reported. The company, which provides reactor technology to nuclear power plants and is co-owned by Brookfield Renewable Partners (BEP) and Cameco (CCJ), is looking to file publicly as early as October, the report said. Brookfield Renewable shares rose 1%, and Cameco fell 1.3%. TotalEnergies (TTE) partnered with BlackRock-owned (BLK) Global Infrastructure Partners to manage its African oil and gas infrastructure assets, the energy major said. Under the deal, GIP will invest $1.8 billion for a stake in some of TotalEnergies' midstream infrastructure assets in Africa, it said. TotalEnergies shares were down 1%. BP (BP) Developments Australia has agreed to sell a 5% stake in the Browse liquefied natural gas project in Western Australia to Osaka Gas Browse, Osaka Gas said. BP shares were 1.8% lower. Equinor (EQNR) signed a long-term agreement with Thailand's PTT Trading to supply liquefied natural gas, Reuters reported. Equinor shares were down 0.5%.