Baker Hughes Co

TechnipFMC

Halliburton

Schlumberger

Patterson-UTI Energy

Kodiak Gas Services Inc

Select Energy Services

Archrock

Cactus

Invesco Dynamic Oil & Gas Services ETF

PXJ tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings.

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

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Global oil markets could shift to a surplus in early 2024, as demand growth cools, the IEA said. This year has seen record supply from non-OPEC+ countries like US and Brazil.

Oil markets could shift into surplus in early 2024 as demand growth slows and non-OPEC+ producers lead supply growth, IEA says

The crude oil markets have pulled back ever so slightly early during the trading session on Tuesday, but still sees plenty of support underneath.

Crude Oil Price Forecast – Crude Pulls Back Ever so Slightly

Vanguard Utilities ETF

Consumer Staples Select Sector SPDR Fund

That's the latest advice from JPMorgan's chief market strategist Marko Kolanovic, who has put himself firmly in the “Year Without a Santa Claus” camp as he repeats his recent warning that the recent equity rally is out of steam.

This asset, not stocks or bonds, will be your best bet for 2024, says JP Morgan

Oil futures rose early Tuesday, on track for a fourth straight rise after the International Energy Agency raised its outlook for 2024 growth in oil demand.

Oil prices aim for 4th straight rise as International Energy Agency raises outlook for demand growth

The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year and next despite an expected deceleration in economic growth in nearly all major economies.

IEA raises oil demand growth forecasts despite economic gloom

OPEC's revised outlook signals robust demand for 2023, countering fears of declining crude oil market interest.

Oil Prices Forecast: Crude Rebounds on OPEC Demand Forecast

Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports.

Oil prices edge up after OPEC says market fundamentals are strong

Crude producers' group OPEC takes another swipe at oil market speculators and dismisses demand concerns. However, the direction of the global economy is far from clear.

OPEC Hits Out At “Overblown” Negative Oil Market Sentiment. But Is It?

Oil futures settled with a gain on Monday, extend their advance into a third session in a row, after posting losses in each of the last three weeks. In a note dated Sunday, analysts at Goldman Sachs said they “continue to believe that robust demand, slowing U.S. supply growth, and low OPEC supply together imply a modest 2024 deficit, and gently declining inventories.

Oil prices settle higher after 3 consecutive weekly losses

Crude oil markets initially fell a bit during the trading session on Monday, but then turned around to show signs of life again.

Crude Oil Price Forecast – Crude Oil Markets Show Resilience

Energy traders hope OPEC will prop up a slumping oil market.

Can Lower Gas Prices Last?

Oil futures edged higher Monday, attempting to build on a Friday rebound that wasn't enough to stave off a third straight weekly decline blamed on worries about the demand outlook.

Oil prices edge higher after third straight losing week

OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its 2023 forecast for global oil demand growth and stuck to its relatively high 2024 prediction.

OPEC says oil market remains strong despite negative sentiment

The Organization of the Petroleum Exporting Countries, or OPEC, on Monday nudged its forecast for 2023 growth in oil demand higher to 2.5 million barrels a day, or mbd, from a projection of 2.4 mbd in October. In its November report, OPEC said the change came as revisions to demand data from members of the Organization for Economic Cooperation and Development, a club of rich countries, largely offset each other, while upward revisions for China offset downward revisions elsewhere among non-OECD countries.

OPEC nudges up forecast for 2023 oil-demand growth, leaves 2024 unchanged

Amid declining global demand, the outlook for WTI and Brent crude oil futures turns increasingly bearish.

Oil Prices Forecast: WTI Dips Amid Global Demand Worries

Oil prices eased on Monday, reversing their rally on Friday, as renewed concerns over waning demand in the United States and China dented market sentiment.

Oil prices ease on worries of waning demand in US and China

Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of faltering demand from China, the world's top crude importer.

Gulf bourses mixed as China pessimism offsets higher oil prices

Brent and WTI futures ended last week lower, continuing a downward trend, yet optimism persists for a potential oil market recovery this week.

Oil Prices Forecast: Despite Sell-off, Optimism Holds for Brent and WTI Recovery

Today's oil rally, spurred by OPEC+'s cuts and short-covering, balances gains with 4% weekly losses and a dip in U.S. output.

Natural Gas and Oil Analysis: Market Braces for OPEC Meet

Oil futures finished higher on Friday, but posted a third straight weekly loss. “Oil pundits forecasting widespread oil shortage this year is old news, and the reality is that physical markets are flush with the black gold,” said Manish Raj, managing director at Velandera Energy Partners.

Oil prices fall for a third week in a row

The crude oil market has fallen rather significantly during the course of the trading week, as traders are starting to focus on the idea of a potential recession.

Crude Oil Weekly Price Forecast – Crude Oil Plunges

Crude oil markets have rallied again during the trading session on Friday as we continue to see a lot of noisy behavior.

Crude Oil Price Forecast – Crude Oil Markets Rally Into the Weekend

Natural gas settled near the $3.00 level as weather forecasts remained bearish.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Bet On A Rebound

Oilfield service companies that cater to U.S. shale oil and gas producers are turning sour on fourth quarter demand, with clients keeping a tight grip on their wallets after largely exhausting their 2023 budgets.

US oilfield firms offer dour views as shale budgets dwindle

Oil futures were slightly higher Friday, but remained on track for a third straight weekly decline as worries about the outlook for demand have overtaken supply risks tied to the Israel-Hamas war.

News for Invesco Dynamic Oil & Gas Services ETF ETF (PXJ)