OIH Stock Recent News

Energy prices stabilize as OPEC supply plans and easing geopolitical risks reshape forecasts; $61.30 WTI and $3.48 gas levels remain critical.

Investments focused on environmental, social and governance (ESG) factors tend to favor companies that score highly on certain criteria, such as climate change or corporate transparency. Tobacco giants, fossil fuel companies and weapons makers have typically been among those to have been excluded from sustainable portfolios.

China's imports of crude oil rose in March from a year earlier, while those of soybeans, coal, iron ore and unwrought copper dropped, customs data showed on Monday.

China's crude oil imports in March rebounded sharply from the previous two months and were up nearly 5% from a year earlier, data showed on Monday, boosted by a surge in Iranian oil and a rebound in Russian oil deliveries.

Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group.

The oil-price crash is set to have far-reaching consequences for Saudi Arabia's finances and vast economic ambitions. The kingdom's budget deficit may soar to $67 billion this year, according to projections shared by Goldman Sachs.

Alan Gelder, oil analyst at Wood Mackenzie, discusses the potential impact on oil demand should the U.S. tip into recession, as well as the outlook for energy markets amid a brewing global trade war.

Traders worry that U.S. – China trade war will hurt demand for oil.

Losses in oil had been fast and furious since President Donald Trump announced his wide-ranging plans for tariffs last week — that is, until he suddenly decided to pause tariff hikes on most countries while slapping China with an even higher tariff rate for its imports into the United States.

CNBC's Pippa Stevens reports on the recent moves in crude oil prices.