OIH Stock Recent News

Energy Secretary Chris Wright said that it “certainly is possible” that the U.S. could reach an agreement with Canada that avoids tariffs on gas and oil, but “it's too early to say.” Trump paused until April 2 tariffs on Mexican and Canadian imports that comply with the United States-Mexico-Canada Agreement.

The strong sell-off in U.S. equity markets put additional pressure on the price of oil today.

The crude oil market continues to see a lot of noisy trading, but at this point in time, the markets are looking to determine whether or not the three year support area will continue to hold.

Oil futures rebound but remain under pressure as rising U.S. inventories and OPEC+ output hikes cloud the crude oil outlook. Can demand recover?

Oil and gas company Canadian Natural Resources on Thursday posted a fall in fourth-quarter profit as weaker commodity prices overshadowed a rise in production.

CNBC's Dan Murphy reports on Saudi oil giant Aramco's full-year earnings and CEO Amin Nasser's comments following the results.

Saudi Aramco has slashed dividend payments after profit tumbled last year in line with weaker oil prices. Net income dropped 12.4% from $121.3 billion to $106.2 billion over the course of 2024, Saudi Aramco reported on Tuesday.

Higher than expected crude supply and a likely demand hit due to softer U.S. activity and tariff escalation pose downside risks to oil price forecasts, Goldman Sachs said in a note dated Monday.

Oil prices continued to fall in on Tuesday after U.S. President Donald Trump paused military aid to Ukraine and as markets braced for U.S. tariffs on Canada, Mexico and China to take effect.

Oil markets ignored Trump's plans to impose 10% tariffs on China.