** U.S. energy firms rise marginally premarket as Mizuho raises price target
** "Overall, we see strength in global oil prices near-term, given higher non-OECD demand and more modest supply gains (particularly OPEC+ spare capacity)", say Mizuho analysts in a note
** Brokerage says that although natural gas prices have been weak this year, based on their supply-demand outlook, they see more bullish inventory changes for the rest of 2024 and into 2025.
** Adds that the potential for stronger domestic demand in the U.S. led by power generation offsets delays in LNG projects and potential competition from international LNG.
Company Current PT Previous PT
ConocoPhillips $142 $139
Diamondback $226 $217
Energy
Exxon Mobil $128 $125
Chevron $205 $200
EQT $45 $43
Chesapeake $111 $101
Energy
(Reporting by Tanay Dhumal in Bengaluru)
((Tanay.Dhumal@thomsonreuters.com; Twitter: ))
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