Geopolitics Alpha

TotalEnergies to buy 30% stake in two Malaysian offshore gas fields

Published . Updated .

GEOPOLITICS ALPHATotalEnergies to buy 30% stake intwo Malaysian offshore gas fieldsTTEGEOPOLITICS ALPHA

This report is about natural gas and oil.

Directly affected

  • TTE TotalEnergies SE

    Named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-11.6% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas field” (natural gas) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas field” (natural gas) in this story.

  • USO United States Oil Fund+13.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “totalenergies” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “totalenergies” (tanker shipping) in this story.

  • EWM iShares MSCI Malaysia ETF-0.6% 6d

    iShares MSCI Malaysia ETF holds stocks listed in Malaysia, which this story is about (“malaysian”).

  • LNG Cheniere Energy+20.1% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas field” (natural gas) in this story.

  • EQT Eqt+4.1% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas field” (natural gas) in this story.

  • KMI Kinder Morgan+4.2% 7d

    Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas field” (natural gas) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TTENo price data for this ticker———————
UNG+5.45%+4.74%baseafter closeafter closeafter closeafter close
XLE-0.51%-2.20%baseafter closeafter closeafter closeafter close
USO-1.54%-1.29%baseafter closeafter closeafter closeafter close
BWET-4.39%-3.93%baseafter closeafter closeafter closeafter close
EWM-0.97%-0.22%baseafter closeafter closeafter closeafter close
LNG-8.99%-9.90%baseafter closeafter closeafter closeafter close
EQT-0.98%+1.53%baseafter closeafter closeafter closeafter close
KMI+0.21%-0.89%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

TotalEnergies to buy 30% stake in two Malaysian offshore gas fields Reuters

Source: Reuters

The price since 2 Nov 2026: United States Natural Gas Fund (UNG) versus the S&P 500

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)three days earlier-3.93%final price
Amplify Commodity Trust (BWET)five days earlier-4.39%final price
Eqt (EQT)three days earlier+1.53%final price
Eqt (EQT)five days earlier-0.98%final price
Ishares (EWM)three days earlier-0.22%final price
Ishares (EWM)five days earlier-0.97%final price
Kinder Morgan (KMI)three days earlier-0.89%final price
Kinder Morgan (KMI)five days earlier+0.21%final price
Cheniere Energy (LNG)three days earlier-9.90%final price
Cheniere Energy (LNG)five days earlier-8.99%final price
United States Natural Gas Fund (UNG)three days earlier+4.74%final price
United States Natural Gas Fund (UNG)five days earlier+5.45%final price
United States Oil Fund (USO)three days earlier-1.29%final price
United States Oil Fund (USO)five days earlier-1.54%final price
Select Sector Spdr Tr (XLE)three days earlier-2.20%final price
Select Sector Spdr Tr (XLE)five days earlier-0.51%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around United States Natural Gas Fund (UNG)

Companies tied to this story

  • UNG United States Natural Gas Fund

    In “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas field” (natural gas) in this story

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields.” Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas field” (natural gas) in this story

  • USO United States Oil Fund

    For “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “totalenergies” (oil) in this story

  • BWET Amplify Commodity Trust

    Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “totalenergies” (tanker shipping) in this story

  • EWM Ishares

    For “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields,” Ishares (EWM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Malaysia ETF holds stocks listed in Malaysia, which this story is about (“malaysian”)

  • LNG Cheniere Energy

    In “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas field” (natural gas) in this story

  • EQT Eqt

    For “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas field” (natural gas) in this story

  • KMI Kinder Morgan

    For “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas field” (natural gas) in this story

United States Natural Gas Fund (UNG)

On 2 Nov 2026, “TotalEnergies to buy 30% stake in two Malaysian offshore gas fields” is the story that connects United States Natural Gas Fund (UNG) to this story.

The link for United States Natural Gas Fund (UNG) is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas field” (natural gas) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas field” (natural gas) in this story

Dates and price levels for United States Natural Gas Fund (UNG)

UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.08. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.

How strong the case is around United States Natural Gas Fund (UNG)

46 out of 100

“TotalEnergies to buy 30% stake in two Malaysian offshore gas fields” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.