OIH News and Press, VanEck Vectors Oil Services From 07/08/23

2023-07-08 20:25:00 ET U.S. crude oil production is on track to set a record this year , up 9% Y/Y through April, helping to keep energy prices stable and blunt the efforts of Saudi Arabia and other oil exporters to drive them higher. The Energy Information Administration has foreca...

2023-07-07 20:30:51 ET Energy stocks closed an otherwise mediocre week in strong fashion, as oil traders who have grappled with concerns over the global demand outlook may finally see signs of tightening in the oil market. Saudi Arabia and Russia started the week announcing fresh prod...

2023-07-06 18:50:29 ET Summary There is increasing evidence that the Permian Basin may peak soon; peak productivity per foot drilled may already be behind us. Analysts aren't paying enough attention to the paradigm shift that will ensue once this realization becomes mainstream. ...

2023-07-05 19:37:50 ET Summary It was a strong close to a difficult first half, with the energy sector handily outperforming the broader market. Equities with commodity-price exposure were the best performers as investors turned their focus to the bullish second-half outlook. ...

2023-07-05 07:29:28 ET Even though crude oil ( CL1:COM ) has felt downward pressure of late, TD securities believes that oil can still rally over the next 6 months. At the start of second half of the trading year oil trades near the $71 per barrel level and has steadily traded below...

2023-07-03 04:23:00 ET Summary After taking a well-deserved rest for a few days, the so-called AI Rally is back on track. After the minor pullback, June is up by 6.5%. The best performer last week was the EQM Blockchain Index, which is designed to measure the performance of gl...

2023-06-26 18:32:21 ET Summary Energy stocks were clobbered as the S&P 500 and oil prices traded lower. Oil market price action is detached from the market’s supply/demand balance expected in the second half. Higher oil prices coupled with the energy sector's elevat...

2023-06-21 03:35:04 ET Summary OIH is the largest oilfield services fund, providing investors with exposure to 25 top US-listed oilfield service providers. Uncertainty dominates the oil price scenario, and there's a slight decline in the deployment of oil and gas rigs in the US. ...

2023-06-20 12:25:04 ET Energy is Tuesday's worst performing S&P sector, -3.5% with losses in all 22 components, as WTI crude oil reversed overnight gains to drop as much as $2/bbl to slip below $70/bbl before rebounding slightly. The weakness centers on worries about the strengt...

2023-06-20 09:30:00 ET Summary Saudi Arabia's supply cuts and the market's muted reaction probably suggest $70-$80 oil for some time and reduce the likelihood of extreme low and high scenarios. Historically, this isn't a low price range, but, unlike 2022, not every energy investme...