Shares of oil and gas companies are trading higher amid a rise in crude after reports suggesting that Saudi Aramco deferred and cancelled some September crude cargoes meant for European refiners after the closure of its East-West pipeline to the Red Sea. Also, ongoing Saudi strikes on Yemen's Houthi rebels and a tight global diesel market are helping to support crude prices.

Goldman Sachs Adjusts Price Target on APA to $47 From $44

Goldman Sachs has updated its price target for APA Corporation, increasing it from $44 to $47.

Raymond James Adjusts Price Target on APA Corporation to $58

Raymond James has updated its price target for APA Corporation, raising it from $54 to $58.

Susquehanna Maintains Positive on APA, Raises Price Target to $58

Susquehanna analyst Biju Perincheril maintains APA (NASDAQ:APA) with a Positive and raises the price target from $47 to $58.

Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.

Canadian Natural Resources and Industry Peers Target Late 2027 for Pathways Carbon Capture Decision

Canadian Natural Resources and other major oil producers are targeting late 2027 for a final investment decision on the Pathways carbon capture and storage project.

Oil Sands Alliance Targets Late 2027 for Pathways Project Final Investment Decision

ConocoPhillips Canada is part of an industry group aiming to reach a final investment decision on a major carbon capture and storage project by late 2027.