Shares of energy companies fell sharply alongside energy futures.
Oil futures fell by 4% in New York, giving back more than half of their 2022 gains to settle below $77 a barrel.
Natural gas futures closed below $4 a million British thermal units for the first time since February, as much of the U.S. saw unusually temperate weather.
Germany's newly constructed liquefied-natural-gas terminal received its first full cargo from the U.S. on Tuesday, part of efforts to substitute imports after a Russian embargo.
Roughly one third of all tankers handling exports at Russian ports were part of an uninsured international "shadow fleet" that previously moved sanctioned crude from Iran and Venezuela, according to Lloyd's List Intelligence data.
Exxon Mobil and Chevron both plan to spend most of their annual budgets in the Americas this year, with capital investment concentrated on U.S., Canadian and South American oilfields.
American depositary receipts of Petroleo Brasileiro fell after returning Brazilian president Luiz Inacio Lula da Silva removed the oil company from a list of state-controlled companies set to go private.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-03-23 1657ET
