Schlumberger

Baker Hughes Co

Halliburton

TechnipFMC

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Noble Corp PLC

Weatherford International PLC

Transocean

VanEck Vectors Oil Services ETF

OIH tracks a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies.

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Traders are concerned the cuts are only voluntary, raising the question of whether OPEC+ can follow through and curtail output, an analyst said.

U.S. crude oil falls more than 2% as skepticism mounts over OPEC cuts

The OPEC+ alliance had already instituted a 2 million-barrels-per-day cut in place until the end of 2024.

Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ leaves its official policy unchanged

Oil prices dropped in Thursday dealings, giving up early gains, after an official press release from the Organization of the Petroleum Exporting Countries and their allies made no mention of what earlier news reports had said would be a deal for an additional 1 million barrels-per-day cut in production quotas. OPEC+ said Brazil would join as a member starting in January.

Oil prices drop as OPEC+ announcement offers no details on production cuts

Negotiations at COP28 need to incorporate honest valuation assessments associated with transition tradeoffs. COP28 is a time to confront reality.

Defining Real Success For COP28

COP28's Success Depends On Aligning Policies With Willingness To Pay

Oil futures climbed on Thursday after the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, reached an agreement to reduce their monthly overall production by an additional 1 million barrels per day, according to Bloomberg. The reduction would be in addition to Saudi Arabia's much-anticipated extension of its voluntary reduction of the same size, the news report said.

Oil futures gains as OPEC+ reportedly reaches a deal to cut output by an additional 1 million barrels per day

Crude oil markets rose during the trading session on Thursday as OPEC had its meeting.

Crude Oil Price Forecast – Crude Oil Markets Continue to Threaten a Breakout

Production will be cut by another million barrels a day, a move likely to send oil prices higher.

OPEC+ Agrees to Significant Oil-Production Cut

EOG Resources

Murphy Oil

Suncor Energy

With oil crawling back toward $80 per barrel ??? a healthy enough level for market participants?

Oil Rises Despite Supply Build on All Fronts, OPEC in Focus

Online influencers, fossil fuel companies and some of the countries attending COP28 have nourished a feedback loop of falsehoods.

Disinformation Is Big Challenge as COP28 Opens in Dubai

Natural gas's subtle gain mirrors market caution, with eyes on pivotal resistance levels and evolving energy demand narratives.

Natural Gas and Oil Analysis: Market Focus on OPEC+ Decisions

After a meeting of the oil cartel was delayed last week over disagreement, analysts are expecting Saudi Arabia to lead a push to boost energy prices.

Oil Hits 3-Week High Ahead of OPEC+ Decision. Brace for Production Cuts.

Oil futures rose Thursday as investors awaited the outcome of an online meeting of OPEC+ members that news reports said may produce a round of deeper production cuts for early 2024.

Oil prices rally on hopes of deeper production cut as traders monitor OPEC+ meeting

Ministers from the OPEC+ alliance were set to hold meetings on Thursday to discuss additional oil production cuts for next year to support the market, three delegates told Reuters.

OPEC+ ministers meet to discuss additional oil output cuts

OPEC+ meeting's outcome is pivotal, with potential for significant supply adjustments affecting global crude oil markets.

Oil Prices Forecast: Traders Bracing for OPEC+ Crucial Production Decision

In sharp contrast to other European and US indices, the UK's FTSE has spent much of November in consolidation mode, keeping inside the range from the month before. The UK is currently facing challenging times, characterized by sluggish inflation reduction and the expectation of prolonged high-interest rates.

FTSE And Crude Oil: Will Rebound In Oil Prices Lift Energy Stocks?

Oil prices fell in early Asian trade on Thursday on weaker-than-expected Chinese manufacturing data, but investors maintained caution ahead of an OPEC+ meeting where production cuts are expected.

Oil prices fall on weak demand indicators, China data

U.S. oil futures settled at their highest in about two weeks Wednesday, ahead of Thursday's much-anticipated OPEC+ decision on oil output. “Uncertainty has gripped the market since the group failed to reach a consensus,” said Robbie Fraser, manager, Global Research & Analytics, at ﻿Schneider Electric.

U.S. oil futures settle at a 2-week high ahead of OPEC+ output decision

According to recent reports, OPEC+ is discussing additional oil production cuts.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Prepare For OPEC+ Meeting

OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, the Wall Street Journal reported on Wednesday.

OPEC+ mulls new oil production cuts of 1 million barrels a day - WSJ

OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, delegates said Wednesday.

OPEC+ Mulls New Oil Production Cuts Amid Middle East Conflict

Oil loadings from the Black Sea port of Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal have not resumed due to an ongoing storm forcing exporters to look for alternative routes, three sources familiar with exports told Reuters on Wednesday.

Oil loadings from Black Sea ports remain suspended, exporters redirect flows - traders

U.S. crude oil, gasoline and distillate fuel inventories rose by 1.6 million barrels as refineries ramped up their capacity use.

U.S. Crude Oil Inventories Rose 1.6 Million Barrels

Strategic Petroleum Reserve increased to 351.6 million bpd as U.S. started to buy oil for reserves after the strong pullback.

Crude Inventories Rise By 1.6 Million Barrels, Exceeding Analyst Estimates

The COP28 summit probably won't change industry expectations of a slow energy transition, but nor will it clarify companies' long-term future.

News for VanEck Vectors Oil Services ETF ETF (OIH)