Energy stocks were slipping before trade on Thursday, as the Energy Select Sector SPDR (XLE) recently fell 0.5%. The United States Oil Fund (USO) was down almost 2% and the United States Natural Gas Fund (UNG) was down 0.5%.

First-month U.S. West Texas Intermediate crude oil fell $1.62 to $102.63 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude fell $1.45 to $107.43 a barrel. Natural gas futures fell $0.015 to $6.982 per 1 million British thermal units.

TotalEnergies (TTE) and ENEOS have announced that they are conducting a study on the feasibility of producing sustainable aviation fuel at ENEOS’ Negishi Refinery in Yokohama, Japan. TotalEnergies was recently down almost 2%.

Sealed Air (SEE), ExxonMobil (XOM) and Ahold Delhaize USA have announced their collaboration on an advanced recycling initiative, which is expected to start this summer and expand over time. ExxonMobil was slightly lower recently.

ProPetro (PUMP) said it has extended the maturity of its existing asset-based loan facility by five years to 2027 while reducing commitments to $150 million from $300 million. ProPetro was down 0.07% recently.