OIH Stock Recent News

Baker Hughes CEO Lorenzo Simonelli on Thursday said that despite short-term oil volatility, he still sees "long-term positive trends" for the industry.

Alaska finishes at the bottom of CNBC's state competitiveness rankings in 2025 with America's worst state economy. The state counts on oil for around 70% of its revenue, and upwards of half its budget.

Last week I covered solar energy.  I still say that all energy hands will be needed on deck to support the demands of AI, not to mention the power grid in the US and globally.

The U.S. continues to show it's serious about punishing Iran for its nuclear ambitions and support for terrorism, but tighter sanctions on Tehran risk being a shot in the foot for America's plans to keep crude-oil prices low.

Brazil, Guyana and Argentina drive a fast-growing share of global oil output.

OPEC+ may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it made for May, June and July, three sources familiar with OPEC+ talks told Reuters.

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.

OPEC+ is expected to raise output by 411,000 bpd at its meeting on Sunday.

Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead of an expected supply boost by major producers.

Total oil futures and options lots traded on the Intercontinental Exchange (ICE) hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war and geopolitical conflicts in the Middle East escalated.