Schlumberger

Baker Hughes Co

Halliburton

TechnipFMC

ChampionX

Cactus

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.

United States Brent Oil Fund LP

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

iShares U.S. Oil & Gas Exploration & Production ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

OPEC sees oil demand growing by 25 million barrels per day in the developing world through 2045, with China and India alone contributing 10 million bpd. OPEC Secretary General Haitham Al Ghais called for continued investment in fossil fuels to prevent a shortfall, pushing back on predications of peak oil demand by 2030.

OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction

OPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116 million barrels a day by 2045, and may be higher, the secretary general said on Thursday.

OPEC sees no peak oil demand long term, secretary general says

Russia's energy ministry said on Thursday that its oil production in May exceeded quotas set by the OPEC+ group of major oil producing countries, while pledging to meet its obligations.

Russia's oil output exceeded OPEC+ quotas in May, pledges to meet obligations

Crude oil continues to make a lot of noise at this point in time, and therefore it makes a lot of sense that people are trying to pick it back up, finding value in these drops. Whether or not that holds remains to be seen, but I am bullish overall.

Crude Oil Price Forecast – Crude Oil Continues to Show Resilient Behavior

The advance in oil futures has taken a pause after new U.S. inventory data this week did not provide support, together with Wednesday's Federal Reserve meeting. Still, oil prices have gained about 3% this week.

Oil prices fall after bearish increase in U.S. stockpiles, cautious Fed rate cut outlook

Oil futures fell Thursday, feeling pressure a day after government data showed U.S. crude and gasoline stocks unexpectedly rose.

Oil prices fall, dogged by rise in crude, gasoline stocks

Fed's delayed rate cuts, rising U.S. crude stockpiles, and cautious demand forecasts suggest continued pressure on oil prices.

Crude Oil News Today: Fed's Rate Decision, Rising US Stocks Pressure Prices

Crude stockpiles surged unexpectedly, causing WTI to slip to $78.25. What does this mean for future oil and gas prices?

Natural Gas and Oil Forecast: Crude Stockpiles Rise, WTI Falls to $78.25; What's Next?

Oil prices fell in early trade on Wednesday as investors digested news that the U.S. Federal Reserve has opted against cutting interest rates in the near future, while ample U.S. crude and fuel stocks further weighed on the market.

Oil slips on US growth worries, ample crude supply

The bearish EIA report did not put pressure on the oil markets.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Falling Treasury Yields

Gasoline inventories increased by 2.6 million barrels from the previous week.

Crude Inventories Rise By 3.7 Million Barrels, Exceeding Analyst Expectations

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

Why big oil may have the upper hand in lithium tech - Lithium Royalty's Rob Weir

The Department of Energy raised its global oil demand forecast and sees a supply deficit this year. OPEC maintained robust oil demand and economic growth forecasts.

U.S. crude oil extends gains, trades above $78 as Department of Energy sees supply deficit

Oil futures rose Wednesday as investors sifted through a raft of updated forecasts and awaited official data on U.S. inventories after industry figures showed a decline last week in crude stocks.

Oil prices rise after industry data shows fall in U.S. crude, gasoline inventories

In the short term, the outlook for oil prices remains bullish, supported by strong demand projections and declining U.S. inventories.

Crude Oil News Today: Prices Climb on Strong Short-Term Demand Projections

The IEA forecasts a bearish long-term outlook for crude oil with peaking demand, significant supply surplus, and a shift to renewable energy sources.

IEA Predicts Bearish Long-Term Outlook for Oil with Surplus and Peaking Demand

Oil prices have rallied this morning despite the International Energy Agency's warning that the world will face a "major surplus" of the commodity by the end of the 2020s. Slowing demand caused by the transition to greener energy and an uptick in production are expected to cause a rise in oil supplies, the IEA said.

Oil prices rise despite warnings of a "major surplus" this decade

Global oil demand will peak by 2029 and begin to contract the next year, the International Energy Agency said on Wednesday, while oil supply capacity is due to vastly outpace demand by the end of the decade.

Oil demand set to peak by 2029, major supply glut looms, IEA says

In its latest medium-term market report, titled Oil 2024, the IEA said oil demand growth was on track to slow down before reaching its peak near 106 million barrels per day by 2030. At the same time, the IEA expects total oil production capacity to surge to nearly 114 million barrels per day by 2030 — a whopping 8 million barrels per day above projected global demand.

Big Oil given stark warning as peak crude and a major supply surplus expected by 2030

U.S. oil inventories dropped by 2.4 million barrels, boosting oil prices over 0.25%. Could this signal further gains ahead?

Natural Gas and Oil Forecast: Oil Prices Rise Over 0.25%; More Upside Ahead?

Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC.

Oil prices edge up on optimistic demand outlook

Crude oil surged above key resistance levels, reaching a new high of 78.52, and may continue its bullish trend towards the 200-Day MA at 79.96.

Crude Oil Price Forecast: Eyes Bullish Targets

Oil prices may rise to $86 a barrel in the next few months due to "solid summer demand" and consumer spending remaining strong, according to a new forecast by analysts at Goldman Sachs.

Oil may rise to $86 per barrel due to 'solid summer demand': Goldman Sachs

OPEC maintained its global oil demand growth forecast for 2024.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Focus On OPEC Demand Forecast

The discussion revolves around the confusion regarding OPEC's recent announcements.

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