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Energy Sector News 3 January 2026

Energy Fuels stock surges nearly 15% as uranium miners rally — what traders watch next

Energy Fuels stock surges nearly 15% as uranium miners rally — what traders watch next

NEW YORK, January 3, 2026, 10:32 ET — Market closed Energy Fuels Inc shares ended Friday up 14.9% at $16.68, after swinging between $14.72 and $17.07, with about 14.9 million shares changing hands. The move tracked a broader surge in uranium producers at the start of the year. Denison Mines jumped after it said it was ready to launch its flagship Phoenix ISR project — ISR, or in-situ recovery, is a mining method that dissolves uranium underground and pumps it to the surface for processing. Reuters Energy Fuels has been on investors’ screens since late December, when the company said
3 January 2026
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NuScale stock jumps 15% to start 2026 trading — here’s what investors watch next

NuScale stock jumps 15% to start 2026 trading — here’s what investors watch next

NEW YORK, January 3, 2026, 10:17 ET — Market closed. NuScale Power Corp shares jumped 15.1% to end Friday at $16.31, outperforming the broader market on the first trading day of 2026. The move matters because NuScale is one of the most actively traded U.S. names tied to the “SMR” theme — small modular reactors — a class of smaller, factory-built nuclear reactors pitched as faster to deploy than traditional plants. Friday’s gain also came as U.S. stocks steadied after late-December weakness, with the Dow up 0.66% and the S&P 500 edging higher while the Nasdaq finished slightly lower. Reuters
3 January 2026
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Phillips 66 stock forecast: PSX faces oil-price test after U.S. strikes Venezuela

Phillips 66 stock forecast: PSX faces oil-price test after U.S. strikes Venezuela

NEW YORK, Jan 3, 2026, 06:53 ET — Market closed President Donald Trump said the United States carried out a “large scale strike” in Venezuela and captured President Nicolas Maduro, a shock escalation that traders expect to reverberate across oil and energy shares when U.S. markets reopen.  Reuters With Wall Street shut for the weekend, Phillips 66 investors are left to handicap the first oil-price reaction and any policy follow-through before Monday’s cash session. Why it matters now: Venezuela is a major crude producer, and conflict risk can quickly reprice supply expectations. For refiners such as Phillips 66, abrupt swings
3 January 2026
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Occidental Petroleum (OXY) stock forecast: What to watch after U.S. strikes Venezuela

Occidental Petroleum (OXY) stock forecast: What to watch after U.S. strikes Venezuela

NEW YORK, January 3, 2026, 06:59 ET — Market closed Occidental Petroleum shares are set to be a focal point when U.S. markets reopen after the United States launched strikes inside Venezuela early Saturday, a sharp escalation in Washington’s campaign against President Nicolás Maduro.  Reuters The timing matters because oil entered 2026 under pressure after both Brent and U.S. crude posted steep 2025 declines, leaving traders sensitive to any supply shock. Venezuela holds the world’s largest crude reserves, and its politics can quickly spill into oil markets.  Reuters Occidental closed Friday up 3.06% at $42.38. In a Form 8-K —
3 January 2026
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Marathon Petroleum stock forecast: MPC in focus after U.S. strikes Venezuela, oil supply fears loom

Marathon Petroleum stock forecast: MPC in focus after U.S. strikes Venezuela, oil supply fears loom

NEW YORK, Jan 3, 2026, 06:58 ET — Market closed Marathon Petroleum (MPC) heads into the new week with investors bracing for volatility after the United States struck Venezuela overnight and President Donald Trump said Venezuelan leader Nicolas Maduro was captured and flown out of the country.  Reuters Why it matters now: Marathon is a major U.S. refiner, and its shares tend to react less to crude prices alone than to refining margins — the gap between what refiners pay for crude and what they earn selling fuels. A geopolitical shock can move both sides of that equation quickly when
3 January 2026
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Denison Mines (DNN) stock jumps on Phoenix uranium project “construction-ready” update

Denison Mines (DNN) stock jumps on Phoenix uranium project “construction-ready” update

NEW YORK, January 3, 2026, 06:38 ET — Market closed. Denison Mines Corp (DNN) jumped about 13.1% to $3.03 in Friday’s U.S. session after the company said it is ready to move its flagship Phoenix uranium project into construction once final approvals arrive. The stock traded between $2.67 and $3.07 and logged about 68.4 million shares in volume. Uranium peers also rose, with Cameco up about 7.7%, Uranium Energy up about 12.2% and NexGen Energy up about 11.4%. The move matters because Phoenix, part of Denison’s Wheeler River property, is the company’s key development bet. Shifting from engineering into a
3 January 2026
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Exxon Mobil stock forecast: XOM in focus after U.S. strikes Venezuela, Maduro capture claim

Exxon Mobil stock forecast: XOM in focus after U.S. strikes Venezuela, Maduro capture claim

NEW YORK, Jan 3, 2026, 06:40 ET — Market closed U.S. President Donald Trump said the United States struck Venezuela overnight and captured President Nicolas Maduro, putting oil-linked stocks like Exxon Mobil in focus for when markets reopen. “Oil prices were likely to jump” on the near-term supply risk, said Saul Kavonic, an analyst at MST Marquee, while warning the move could turn bearish longer term if a political transition leads to sanctions being lifted and more investment returning. Reuters That matters for Exxon because crude prices remain the main swing factor for its upstream earnings, while its refining and
3 January 2026
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Shell stock forecast: What to watch for SHEL after U.S. strikes Venezuela

Shell stock forecast: What to watch for SHEL after U.S. strikes Venezuela

New York, Jan 3, 2026, 06:39 ET — Market closed Shell’s U.S.-listed shares are set for a volatile start to the week after the United States carried out military strikes in Venezuela on Saturday, a shock escalation in a long-running pressure campaign against President Nicolás Maduro. Reuters The immediate read-through for Shell (SHEL) is oil: geopolitics can add a “risk premium” — an extra layer in crude prices to reflect fear of supply disruptions — which typically supports cash flow expectations for big integrated producers. The National That comes as investors have been weighing an oversupplied oil market heading into
3 January 2026
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Venezuela attack: Chevron, Exxon, refiners and defense stocks to watch as markets reopen

Venezuela attack: Chevron, Exxon, refiners and defense stocks to watch as markets reopen

NEW YORK, January 3, 2026, 06:04 ET — Market closed U.S. President Donald Trump said the United States struck Venezuela overnight and captured President Nicolás Maduro, setting up a sharp focus on energy and defense names when U.S. markets reopen on Monday.  Reuters The escalation lands as investors enter a new year already fixated on oil supply policy and the risk that geopolitics adds an extra “risk premium” — an extra cushion in prices to reflect potential disruptions.  Reuters Venezuela’s government declared a national emergency after explosions in Caracas and other states, while a U.S. official said Maduro was captured
3 January 2026
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Exxon stock today: XOM ends higher as OPEC+ decision and LNG record sharpen the focus

Exxon stock today: XOM ends higher as OPEC+ decision and LNG record sharpen the focus

NEW YORK, January 3, 2026, 05:50 ET — Market closed. Exxon Mobil Corp (XOM) shares last closed up about 1.9% at $122.65 on Friday, after trading between $119.66 and $122.78. About 14.2 million shares changed hands. The stock heads into the weekend with oil markets focused on Sunday’s OPEC+ meeting and a fresh debate over whether global supply stays heavy in early 2026. Brent settled at $60.75 a barrel and U.S. crude ended at $57.32, Reuters reported. “Oil prices are locked in this long-term trading range,” said Phil Flynn, senior analyst at Price Futures Group. Reuters Natural gas is also
3 January 2026
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Occidental Petroleum (OXY) stock climbs on $9.7B OxyChem sale to Berkshire as markets shut for weekend

Occidental Petroleum (OXY) stock climbs on $9.7B OxyChem sale to Berkshire as markets shut for weekend

NEW YORK, January 3, 2026, 05:50 ET — Market closed Occidental Petroleum shares ended Friday up 3.06% at $42.38 after the company completed a $9.7 billion all-cash sale of its OxyChem chemicals business to Berkshire Hathaway. A regulatory filing showed Occidental published unaudited pro forma financial statements, which adjust past results as if the sale and certain debt redemptions had already happened. The stock’s 52-week range is $34.78 to $53.20, according to the company’s investor site. Oxy The divestiture — the sale of a business — delivers a large cash inflow and reshapes Occidental into a tighter oil-and-gas story. That
3 January 2026
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Fluence Energy stock jumps 16% to start 2026 — what’s driving FLNC and what comes next

Fluence Energy stock jumps 16% to start 2026 — what’s driving FLNC and what comes next

NEW YORK, January 3, 2026, 04:55 ET — Market closed Shares of Fluence Energy, Inc. (FLNC) jumped 16.3% on Friday to close at $23.01. The Nasdaq-listed stock traded between $20.18 and $23.13 and changed hands about 6.1 million times. The rally matters because battery storage is a financing-heavy business: big projects often rely on debt, and the sector can react sharply when markets reassess interest rates. A fast move at the start of the year can also force short-term positioning changes as portfolios reset. Energy storage systems help balance the grid by storing electricity when supply is high and releasing
3 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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