OIH News and Press, VanEck Vectors Oil Services From 07/05/22

Energy company shares ( NYSEARCA: XLE ) fell by the most of any S&P sector on Tuesday, as ramped up recession fears connected with concerns over weakening demand, outweighing a fundamentally tight supply market and pushed U.S. crude oil below $100/bbl for the first time sinc...

Commodities prices have spiked as demand from the restart clashed with tightening supply. We see the war and net-zero transition keeping prices high. U.S. and euro area inflation data last week showed still-persistent inflation. Stocks and bond yields fell as markets priced more risk ...

Once the COVID distortions are over the economy will return to its previous state of roughly 2% growth and 2% inflation. Real sales of durable goods surged throughout COVID but accelerated rapidly with stimulus payments; sales peaked right as Biden’s American Rescue Act was imp...

The Biden administration proposes allowing as many as 10 oil and gas lease sales in the Gulf of Mexico and one off the coast of southern Alaska over the next five years, while blocking new offshore drilling in the Atlantic and Pacific oceans, according to a draft plan released Frida...

We are nowhere near demand destruction for oil and gas. Blackouts, brownouts, surging prices are crashing the green energy narrative. Interestingly, people like electricity and get really grumpy when its not there. We think a golden age of renewal for non-renewables is about to be...

The transition towards a decarbonized economy is underway. It will involve a massive reallocation of resources. Economies will be reshaped as carbon emissions are cut, inevitably impacting portfolios. A possible acceleration from the current path, plus repricing that could have furthe...

Crude oil futures fell Wednesday after three straight days of gains, after an unseasonal slowdown in gasoline demand outweighed a bullish crude inventory report. " The market is stuck in the push-pull between the current deteriorating macro backdrop and the looming threat of...

We expect elevated inflation to continue into 2023 due to the lagged impact of food supply disruption and elevated energy costs. Should a recession occur, its scale is likely to be limited by the reduced number of negative feedback loops. Consumers enter this slowdown with a large...

Energy is the easy leader in the S&P sector standings for the second straight day alongside rising crude oil prices, as Saudi Arabia and the United Arab Emirates are producing near capacity, contrary to claims that the pair are holding back and could raise output. French President Macron ...

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...