Invesco Oil & Gas Services ETF

PXJ

Market cap $39.7M

Russia's federal budget proceeds from taxes on oil and gas are expected to drop by 46% in January from the same month in 2025 due to a weaker oil price and a stronger rouble, Reuters calculations showed on Monday.

Oil futures test key support as EU-US trade war threatens demand. Iran tensions ease but Venezuela production delays provide some floor to prices.

Oil Price Volatility Is Our Base Case In A Visibly Surplus Market

Kenya began selling a 65% stake in its state oil pipeline company on Monday, seeking to raise 106.3 billion shillings ($825 million) in what would be East Africa's biggest initial public offering in local-currency terms.

Shares in BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) edged lower early on Monday, modest moves that nonetheless dragged the FTSE 100 into the red because of their heavy index weightings.

India's Mangalore Refinery and Petrochemicals Ltd is exploring purchases of Venezuelan oil as it halts imports of Russian oil to comply with Western sanctions, its head of finance Devendra Kumar said on Monday.

WTI crude slips to $59.06 as Iran tensions ease. $58.3 support may spark rebound, while tariffs and supply risks shape oil outlook

Crude oil futures rise for fourth week but volatile as Iran tensions fade and Venezuela resumes production. Key pivot at $58.46 determines direction.

Oil prices were little changed on Monday, after rising in the previous session, as Iran's deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that could disrupt supplies.

Oil fell in the early morning Asian session as Middle East tensions continue to fade, easing worries over possible supply disruptions.