The share price of Empire Petroleum Corporation (NYSE:EP) fell by 9.52% between September 26 and October 3, 2025, putting it among the Energy Stocks that Lost the Most This Week.
Empire Petroleum Corporation is a conventional oil and natural gas producer with a main focus in the US onshore.
Empire Petroleum Corporation surged by almost 20% last month due to an increase in crude oil prices amid the escalating tensions between Russia and Ukraine. However, oil prices have fallen to their 4-month low since then as the accelerated supply hikes from the OPEC+ and a potential US government shutdown continued to weigh down the market.
Moreover, Empire Petroleum Corporation recently issued a $4 million promissory note to investor Phil E. Mulacek, with $2 million already advanced. The note carries a 5.5% annual interest and includes options for conversion into common stock and prepayment without penalty.
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