01:52 PM EST, 11/25/2025 (MT Newswires) -- Energy stocks declined Tuesday afternoon with the NYSE Energy Sector Index easing 0.3% and the Energy Select Sector SPDR Fund (XLE) shedding 0.6%.

The Philadelphia Oil Service Sector Index rose 0.3%, and the Dow Jones US Utilities Index fell 0.8%.

West Texas Intermediate crude oil declined 1.8% to $57.77 a barrel, and global benchmark Brent dropped 1.7% to $62.28 a barrel. Henry Hub natural gas futures tumbled 4.6% to $4.34 per 1 million BTU.

In corporate news, Chevron ( CVX ) was approached by the Venezuelan government to supply an essential feedstock after a US warship blocked the path of a Russian naval vessel near its coast, Bloomberg reported. Chevron ( CVX ) shares fell 0.5%.

Petrobras (PBR) is poised to delay awarding four drilling contracts for its largest offshore field by at least a few months amid a global crude glut, Bloomberg reported. Petrobras shares fell 0.7%.

Barrick Mining ( B ) agreed to pay 244 billion CFA francs ($428.9 million) to Mali to settle a two-year dispute over the company's Loulo-Gounkoto gold mining operations, Bloomberg reported. Barrick shares fell 0.7%.

Shell (SHEL) agreed to supply renewable energy to Ferrari (RACE) until the end of 2034 to help the carmaker reduce carbon emissions. Shell shares dropped 0.3%.