OIH Stock Recent News

Domestic oil production increased from 13.4 million bpd to 13.5 million bpd.

Crude oil futures hover near key support as traders await EIA report; OPEC cuts 2024 demand forecast amid rising non-OPEC production.

Baytex has met expectations operationally, and is on track to meet its full-year guidance. Baytex's heavy oil production grew 8% quarter-over-quarter. WCS differentials have ended up slightly wider than previously expected, although still substantially improved compared to earlier in 2024.

The crude oil market was a bit negative in the early part of the Wednesday session, as the pullback continues. At this point in time, it is likely that we will continue to see a lot of “value hunting” in this commodity, but it should also be known that the

Israel reportedly told the U.S. that it will not strike Iran's oil facilities.

Crude futures were slightly lower early Wednesday, drifting to the downside a day after a rout sparked by news reports that Israel won't attack Iran's oil facilities.

Oil rose in early Asian trade on Wednesday on continued uncertainty over conflict in the Middle East, after falling as much as $5 this week to the lowest levels since early October on demand concerns.

'Mad Money' host Jim Cramer talks the day's market action.

The French oil company's warnings comes on the back of a slump in the global market for products including jet fuel, diesel and gasoline that saw BP and Shell post similar warnings last week.

Biraj Borkhataria, RBC Capital, discusses the current state of the oil and gas market amid Middle East tensions. He notes a mix of factors affecting prices, including soft demand in China and potential OPEC actions.