VanEck Vectors Oil Services ETF(OIH)- NYSEARCA
  • Tue, Aug. 23, 5:13 AM
    • Oil prices are lower again as the market digests reports indicating that Iraq is preparing to ramp up its export levels.
    • Iraq oil production rose sharply in July to hit 3.71M barrels a day.
    • Strong oil output out of China and a new ceasefire with militants in Nigeria are also on the eyes of traders.
    • WTI crude oil futures -3.03% to $47.05/bbl. Brent crude -1.14% to $48.60/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    | Tue, Aug. 23, 5:13 AM | 17 Comments
  • Mon, Aug. 22, 8:41 AM
    • Crude oil sees the most volatility of any market this morning, with WTI -2.6% at ~$47.80/bbl as analysts doubt upcoming producer talks would cure the oversupply problem and say August's 20%-plus crude rally looks overblown.
    • Oil prices of $50/bbl or higher are unsustainable because of the ongoing production and storage overhang in fuel markets, and likely will experience another short-term dip in the coming weeks, Barclays says.
    • "Positioning data seems to confirm our view that the latest oil bounce is more technical and positioning-oriented than fundamental. In fact, new buyers have been mostly absent the past few months," Morgan Stanley says.
    • Adding to the outlook of plentiful supplies, the U.S. oil rig count rose by 10 last week and has climbed 28% from its May trough.
    • Other factors include reports that Iraq is increasing oil exports by ~150K bbl/day (5%) as a pipeline dispute is being resolved, increased exports out of China, a stronger dollar, and the possible exhaustion of short-covering.
    • ETFs: USO, OIL, XLE, UWTI, UCO, VDE, ERX, DWTI, OIH, SCO, XOP, BNO, DBO, ERY, DIG, DTO, USL, DUG, BGR, IYE, IEO, FENY, DNO, PXE, FIF, DBE, OLO, PXJ, RYE, SZO, NDP, GUSH, DRIP, DDG, RJN, FXN, OLEM, CRAK
    | Mon, Aug. 22, 8:41 AM | 36 Comments
  • Thu, Aug. 18, 8:50 AM
    • Brent crude oil futures have settled back after edging over $50 for the first time in over a month earlier today.
    • All eyes are on the implications of a potential meeting between OPEC and other key producers in Algeria next month.
    • Societe Generale chief commodities analyst Michael Wittner says any sign of rebalancing will be taken by the market as a bullish sign.
    • "We see additional technical resistance scaling in at $50.72 ahead of prior highs at $51.92 to $52.29," advises Citi Futures analyst Tim Evans.
    • WTI crude oil futures +0.60% to $47.07/bbl. Brent crude -0.08% to $49.81/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    | Thu, Aug. 18, 8:50 AM | 5 Comments
  • Wed, Aug. 17, 12:37 PM
    • "Historically, when oil has rallied over 25%, energy has outperformed the market nearly 90% of the time, with average outperformance of 11 basis points," says Bank of America quant Savita Subramanian, upgrading energy stocks to Overweight.
    • Naturally, the core of her bull thesis on energy is sustained move higher in oil - she expects crude to hit $54 per barrel by year-end, and $69 by June 2017.
    • Subramanian says energy's underperformance since 2009 has pushed its weighting in the S&P 500 below 7% - there's never been a time when energy's weighting was this low and the sector didn't subsequently outperform in the next three years.
    • Though the energy sector trades at a pricey 40x forward earnings, a wave of upward revisions will cut that multiple, she says.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, FXN, DDG, CRAK, SOP, UOP, NANR, ERGF, JHME, ERYY
    | Wed, Aug. 17, 12:37 PM | 31 Comments
  • Wed, Aug. 17, 8:57 AM
    • Crude oil prices are falling back slightly in early trading after the recent run of successive gains. Some trepidation from Iran officials over attending an OPEC meeting and capping production is on the radar of traders.
    • WTI crude oil futures -0.41% to $46.39/bbl. Brent crude -0.22% to $49.14/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    | Wed, Aug. 17, 8:57 AM
  • Mon, Aug. 15, 3:35 PM
    • Crude oil surges to one-month highs after Russian Energy Minister Novak said his country is consulting with Saudi Arabia and other producers to achieve oil market stability, following last week's comments from Saudi Arabian Energy Minister Khalid al-Falih expressing his willingness to participate in an OPEC informal meeting late next month to discuss ways to stabilize the market.
    • U.S. crude oil jumped 2.8% to settle at $45.74/bbl, the highest settlement since July 15, and Brent crude gained 2.9% to $48.35/bbl, the highest finish since July 12, with each benchmark rising by more than 10% in the past three sessions.
    • “Saudi Arabia wants to make amends for their Doha disaster and so they are trying to rebuild their diplomatic credibility," says Phil Flynn, senior market analyst at Price Futures Group.
    • But Anas Alhajji, an independent energy expert and former chief economist at NGP Energy Capital Management, says only the Saudis matter, as it "alone can stabilize the market by end of the year by cutting production back [to 10M bbl/day] immediately and [keeping] it at that level."
    • ETFs: USO, OIL, XLE, UWTI, UCO, VDE, ERX, DWTI, OIH, SCO, XOP, BNO, DBO, ERY, DIG, DTO, USL, DUG, BGR, IYE, IEO, FENY, DNO, PXE, FIF, OLO, PXJ, RYE, SZO, NDP, GUSH, DRIP, DDG, FXN, OLEM, CRAK
    | Mon, Aug. 15, 3:35 PM | 19 Comments
  • Thu, Aug. 11, 12:03 PM
    | Thu, Aug. 11, 12:03 PM | 3 Comments
  • Mon, Aug. 8, 11:26 AM
    | Mon, Aug. 8, 11:26 AM | 45 Comments
  • Tue, Aug. 2, 1:55 PM
    | Tue, Aug. 2, 1:55 PM | 23 Comments
  • Mon, Jul. 25, 11:20 AM
    | Mon, Jul. 25, 11:20 AM | 11 Comments
  • Tue, Jun. 28, 10:56 AM
    • Energy companies will be required to report their payments to foreign governments for extracting oil, gas and minerals, according to new rules issued by the SEC.
    • The revised rule enforces a provision of the Dodd-Frank law aimed at addressing the “resource curse,” in which oil and mineral wealth in resource-rich countries does not benefit low-income people.
    • The SEC says the move will affect as many as 755 companies, and that U.S. companies will be required to start complying with the rules in late 2018.
    • The American Petroleum Institute says the rule would cost jobs by placing U.S. firms at a competitive disadvantage, and that the revised rule contains no meaningful difference from previous rules struck down by the courts.
    • ETFs: OIH, XOP, FCG, GASL, XES, IEO, IEZ, PXE, GASX, NDP, GUSH, DRIP
    | Tue, Jun. 28, 10:56 AM | 3 Comments
  • Wed, Jun. 22, 10:06 AM
    | Wed, Jun. 22, 10:06 AM | 54 Comments
  • Mon, Jun. 6, 3:39 PM
    • Weatherford (WFT +8.3%) is upgraded to Overweight from Equal Weight with an $8 price target, raised from $7, at Barclays following last week's $1.1B convertible debt issue and the settling of the Zubair change order claim for $150M meaningfully shifted the narrative away from the balance sheet, removing considerable downside risk.
    • "With near-term liquidity issues resolved, shares of WFT should start to recapture substantial YTD underperformance as focus starts so shift towards potential recovery amid low expectations," Barclays writes.
    • However, the firm says WFT remains challenged with a highly levered balance sheet and a weaker operational position vs. the big three oil services companies, as it does not possess the scale in either North America or internationally to compete in markets that are becoming increasingly integrated.
    • Oil service (OIH +6.2%) peers also are posting strong gains: SLB +4.5%, HAL +4.6%, BHI +6.8%.
    | Mon, Jun. 6, 3:39 PM | 1 Comment
  • Mon, Jun. 6, 11:18 AM
    • Crude oil prices push more than 2% higher, with Brent at $50.68/bbl and WTI at $49.75, thanks to a falling dollar, continued attacks on oil infrastructure in Nigeria, and reports of a pipeline failure and spill at Exxon Mobil's (XOM +1.2%) Torrance refinery near Los Angeles.
    • However, XOM has since told CNBC that the refinery had experienced a refining byproduct leak in an internal pipe that was contained in the Torrance property, and there is no impact to operations.
    • An incident at Torrance normally would not cause a significant jump in oil prices, but analysts say the current market is sensitive to any perception of a supply disruption.
    • Crude futures also are supported after Genscape reported a draw of more than 1M barrels at the Cushing, Okla., delivery point for the WTI contract.
    • ETFs: USO, UNG, OIL, XLE, UWTI, UGAZ, UCO, DGAZ, VDE, ERX, DWTI, OIH, SCO, XOP, BNO, BOIL, DBO, GAZ, FCG, ERY, GASL, DIG, DTO, USL, DUG, BGR, XES, KOLD, IYE, IEO, UNL, FENY, IEZ, DNO, PXE, GASX, FIF, OLO, PXJ, RYE, SZO, NDP, GUSH, DCNG, DRIP, FXN, DDG, OLEM
    | Mon, Jun. 6, 11:18 AM | 17 Comments
  • Thu, May 12, 12:25 PM
    • The Obama administration's final regulations on methane emissions from oil and gas wells are even tougher than the rules it proposed last year, as rules applying immediately to new and modified wells and are expanded to include low-producing wells and more frequent site inspections.
    • The EPA estimates the new regulations will result in $530M in additional costs in 2025, at least 25% higher than the preliminary version released in August, and comes as the industry already is slashing spending on new exploration.
    • The agency claims the costs will be offset by $690M in savings by 2025 as lower emissions mean less severe storms and other outcomes of a changing climate.
    • Companies will have to upgrade pumps and compressors while expanding the use of green completion technology meant to capture the surge of gas that can spring out of newly fracked wells; green completion techniques have been required at new and modified natural gas wells since 2015, but the new rules broaden the requirement to oil wells.
    • The EPA estimates the final standards will reduce 510K short tons of methane in 2025, roughly the same effect as cutting 11M metric tons of carbon dioxide.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, IYE, IEO, FENY, PXE, GASX, FIF, PXJ, RYE, NDP, GUSH, DRIP, FXN, DDG
    | Thu, May 12, 12:25 PM | 84 Comments
  • Fri, Apr. 22, 3:43 AM
    • Leaders from 130 nations are gathering in New York for the formal signing of the climate change accord reached in Paris four months ago, which aims to limit the overall world temperature rise to below 2 degrees Celsius.
    • With each country's signing of the pact, they must also submit an action proposal plan for the deal to be effective.
    • The target date is 2020, but if enough countries ratify, officials say the agreement could enter into force much sooner.
    • ETFs: XLE, ERX, VDE, KOL, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
    | Fri, Apr. 22, 3:43 AM | 8 Comments
OIH Description
VanEck Vectors Oil Services ETF (OIH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS U.S. Listed Oil Services 25 Index (MVOIHTR), which is intended to track the overall performance of U.S.-listed companies involved in oil services to the upstream oil sector, which include oil equipment, oil services, or oil drilling.
See more details on sponsor's website
Country: United States
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