OIH Stock Recent News

U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the Energy Information Administration showed on Wednesday.

OPEC+ will boost production by 411,000 bpd in July.

A cadre of Greek shipping magnates has stepped back into the fold as the go-to distributors of Moscow's crude to the world.

WTI crude oil rebounds from the support zone but remains uncertain below the $66 level, while natural gas prices stay bullish above $3.

Crude oil holds steady as traders await OPEC+ output decision and supply risks mount from Venezuela sanctions and Canadian wildfires.

Arne Lohmann Rasmussen, Chief Analyst, Head of Research from Global Risk Management predicts how oil markets will shape up as OPEC+ discusses a 400,000 barrel production hike.

Exxon's battle to bid on a stake in a major oil discovery has chilled the once-cordial relationship it had with rival Chevron.

Western energy supermajors have long sought to return cash to investors through buyback programs and dividends to keep shareholders happy. Some analysts have raised doubts about the sustainability of Big Oil's pledge to allocate cash to shareholders after a drop in crude prices.

OPEC+ output hike talks and surprise U.S. inventory build pressure crude oil futures, shifting the oil outlook bearish as demand concerns mount.

WTI crude oil consolidates below the 50-day SMA, while natural gas remains in a strong uptrend after finding support at $3.