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Buy OIH
$431.22
+0.770 (+0.179%)
At Close: Jun 03, 2026
Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast
09:48pm, Wednesday, 13'th May 2026
With more than 14 million bpd of supply cut, the overall loss from Gulf producers is now over a billion barrels, the IEA said. OPEC production fell by 1.7 million bpd in April and has declined more th
Oil Edges Higher Ahead of Trump-Xi Summit
08:49pm, Wednesday, 13'th May 2026
Oil prices inched higher in early Asian trade, ahead of the two-day summit between Washington and Beijing.
Oil edges up ahead of Trump-Xi meeting in Beijing
08:46pm, Wednesday, 13'th May 2026
Oil prices edged up on Thursday as investors awaited a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later in the day as traders focused on the Iran war.
The world lost nearly 1 billion barrels in oil supply over the past 75 days. Why investors aren't worrying enough.
04:59pm, Wednesday, 13'th May 2026
Global oil prices have climbed by nearly 50% since the the end of February, but the rise pales in comparison to an estimated loss of nearly 1 billion barrels since the start of the Iran war 75 days ag
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Trump Arrives In China
03:04pm, Wednesday, 13'th May 2026
Oil markets are losing ground as traders focus on the upcoming Trump – Xi meeting.
Global oil shock from Iran war may require ECB hikes, Lane says
03:04pm, Wednesday, 13'th May 2026
A global oil shock from the Iran war may well require the European Central Bank to raise interest rates to stop higher fuel costs from spreading to wages, expectations and broader prices, the EC
US upstream oil and gas dealmaking hit two-year high in Q1 2026
02:50pm, Wednesday, 13'th May 2026
Dealmaking in the U.S. upstream oil and gas sector jumped to $38 billion in the first quarter of this year, marking the highest quarterly total in two years, analytics firm Enverus said on Wedne
PRICE SHOCK: Oil relief could TAKE months even after reopening
01:30pm, Wednesday, 13'th May 2026
American Petroleum Institute CEO Mike Sommers discusses his outlook for gas prices amid the war in the Middle East and high gas prices in California on 'Varney & Co.' 00:00 Global supply and the Strai
Iran, Ukraine wars deliver worst hit in years to oil refining output
11:38am, Wednesday, 13'th May 2026
Refinery attacks tied to the wars in Iran and Ukraine have knocked out nearly 9% of global oil refining capacity in recent months, deepening a fuel supply crunch and likely delaying recovery by mon
U.S. Crude Oil Inventories Post Third Straight Weekly Drop
11:17am, Wednesday, 13'th May 2026
U.S. crude oil inventories fell by 4.3 million barrels in the week ended May 8 and were about 0.3% below the five-year average for the time of year, the EIA said. Analysts expected a drop of 2.3 milli
Crude Oil Price Analysis – Oil Continues to Rally as No Real Progress Likely
11:09am, Wednesday, 13'th May 2026
With the stalemate, and the lack of any real potential progress, one would have to assume that in this market, if there is a pullback, it is likely a buying opportunity.
OPEC sees slower demand growth this year as production falls more than 30% on Hormuz closure
09:40am, Wednesday, 13'th May 2026
Oil production among OPEC members has fallen more than 30%, or 9.7 million bpd, since the Iran war started in late February. OPEC also lowered its demand growth forecast for 2026 to around 1.2 million
Global oil inventories falling at record pace amid Iran war; UK bond recovery fizzles out as Streeting ‘prepares challenge' – business live
08:58am, Wednesday, 13'th May 2026
IEA warns that mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record pace
OPEC Cuts Oil Demand Forecast As Hormuz Shock Pushes Output Lower
08:53am, Wednesday, 13'th May 2026
It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
08:12am, Wednesday, 13'th May 2026
Oil prices could rise further over the summer as rapidly depleting inventories pile more pressure on the market, the IEA said. The energy agency also flagged further demand destruction as a result of
