OIH News and Press, VanEck Vectors Oil Services From 06/28/22

The gap between energy stocks and consumer discretionary stocks is striking. We think the market is suggesting that extreme energy inflation will lead to a dramatic reduction in spending. If consumer spending turns out to be more resilient than the market expects, we think the con...

We remain cautious in equities, but in fixed income, investors now have more yield and credit spread to work with. We think that the Federal Reserve’s rate hikes for this cycle are becoming increasingly priced into the yield curve. Our fixed income team has stress-tested fo...

The oil and gas sector was easily the stock market's worst performer on the S&P 500 on Wednesday, as crude oil prices fell to their lowest in more than a month on rising worries of a global economic slowdown that would hurt demand. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) closed -...

Energy exchange traded funds have fallen in Wednesday’s early session as the price of oil (CL1:COM) has dropped roughly 5%. Predictions of a global recession continue to grow louder, powering a demand destruction narrative in the price of crude. Feeling the pressure are broad ener...

U.S. President Joe Biden has criticized oil majors for not stepping up to help combat record-high gasoline prices at the pump. Looking at Refinitiv Datastream, we observe U.S. oil production to see if oil companies have been increasing production since the pandemic. In reality, oi...

The Energy sector bounced along with the overall market on Tuesday, but last week, it was that sector’s turn to get taken to the woodshed. Last week marked just the sixth period in the last 30+ years that the Energy sector underperformed the S&P 500 by more than ten percent...

Select Energy Services is seeing increasing demand for its frac and produced water recycling centers. Recent acquisitions have been costly to integrate with the rest of the company, but that is behind them. We think WTTR stock is a buy at current levels for investors wishing to pa...

Oil and gas stocks add to recent losses as U.S. crude oil plunges 6% on Friday, as interest rate hikes from major central banks around the world spark concerns about a sharp economic slowdown. Comex July WTI crude oil (CL1:COM) -5.7% at $110.83/bbl, while August Brent crude (CO1:COM) -5% at $...

The oil and gas sector (NYSEARCA:XLE) lost the most ground among S&P sectors in Wednesday's trading, as crude oil futures fell to two-week lows on concerns about demand and the Federal Reserve's aggressive rate hikes. Energy stocks sold off sharply after the Federal Reserve raised interes...

"Oil and gas companies that have listened to policymakers' calls for less investment in fossil fuels is one of the reasons for current globally tight energy supplies" TotalEnergies (TTE) CEO Patrick Pouyanne said Tuesday. Total (TTE) has committed to investing ~$3.6b per year in renewables an...