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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

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

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United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

OPEC+'s latest strategy, impacting crude oil futures, seeks to adjust supply in response to 2024's economic outlook.

Oil Prices Forecast: Mixed Reactions to OPEC+'s Production Strategy

Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.

Oil prices fall, extend slide after OPEC+ cuts underwhelm

OPEC+ announced Thursday that it is deepening oil production cuts, but crude prices actually dropped amid investor skepticism over the supply curb.

Saudi Arabia extends oil production cuts into start of 2024

Despite the total cuts by all countries added at the November 30th OPEC+ meeting, oil sold off testing key support. Countries like Angola have threatened not to stick to the new quota, promising to produce above target.

Skepticism Over the OPEC + Oil Cuts

This year's COP28 climate summit, being held in the glitzy Middle East city of Dubai, clicks into its first full day of scheduled events on Friday.

What to watch at COP28 on Friday?

A skeptical crude oil market was seeking another 'Saudi Lollipop' but got treated to an unedifying OPEC+ fudge instead as the group offered 2.2 mbpd in voluntary cuts.

OPEC+ Switches From ‘Saudi Lollipop' To A Group Fudge Of Voluntary Output Cuts

Gas prices were finally starting to go down, but a new OPEC+ deal means they're expected to rise soon.

Why Gas Prices Are Likely To Spike Again

U.S. oil futures settled with a loss of more than 2% on Thursday, even as OPEC+ announced that several of its member countries agreed to voluntary cuts totaling 2.2 million barrels a day for the first quarter of 2024. “While oil prices initially rallied on the extension and expansion of OPEC output cuts into 2024, investors remain concerned about OPEC compliance and global demand growth as we head deeper into the seasonally soft winter demand period,” said Rob Haworth, Senior Investment Strategy Director, U.S. Bank Asset Management Group.

U.S. oil futures settle more than 2% lower after OPEC+ announces voluntary output cuts

It's a bit surprising to see oil prices decline sharply after major oil producers pledged additional production cuts for the first quarter of next year, but that's exactly what's happened Thursday following a much-anticipated OPEC+ meeting.

Why oil prices are dropping despite OPEC+ pledge to make additional production cuts early next year

OPEC+ producers agreed to 2 million bpd of voluntary production cuts.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Despite OPEC+ Production Cuts

U.S. crude production in September rose to a new monthly record of 13.24 million barrels per day, helped by a large increase in North Dakota, home to the Bakken shale, Energy Information Administration data showed on Thursday.

US crude production in September rose to monthly record - EIA

United Arab Emirates, a wealthy petrostate, is hosting this year's UN climate summit.  Countries will debate cutbacks to burning fossil fuels and climate funding for poorer countries.

What to watch at COP28 Dubai, the UN climate summit

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.

News for VanEck Vectors Oil Services ETF ETF (OIH)