OIH Stock Recent News

Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.

Oil futures edged lower early Tuesday after news reports said Russian Deputy Prime Minister Alexander Novak indicated OPEC+ could move to raise crude production.

The crude oil market is poised for continued volatility, influenced largely by the fluid situation in the Middle East.

After a rough couple of years, exchange-traded funds (ETFs) tied to clean energy generation and distribution are starting to outperform investor vehicles centred on oil and gas exploration and production.

The United States sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, the U.S. Treasury Department's top sanctions official said on Tuesday.

Affiliates of Vietnam's state oil firm PetroVietnam have made two new oil findings with combined initial reserves of 100.5 million barrels of crude oil, its exploration and production arm PVEP said on Tuesday.

Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution.

Oil traders last week unwound part of the risk premium that has been built into prices since the start of the year, but there's growing concern that an Israeli invasion of Rafah in Gaza is all but certain — feeding volatility in oil prices Monday.

According to recent reports, Israel said that the ceasefire plan was unacceptable.

With Saudi Arabia boosting crude prices, oil futures saw an uptick, hinting at a strong summer demand despite Middle East tensions.