Invesco Oil & Gas Services ETF

PXJ

Market cap $132M

Buccaneer Energy Plc (AIM:BUCE, FRA:LMU1) could be approaching a re-rating as production growth and stronger cash generation begin to close the gap between the company's market value and the underlying worth of its assets. This was suggested in a new note from house broker SP Angel, which reiterated a 'buy' recommendation and 0.05p target price, arguing that the shares offer more than 350% upside to its risked net asset value.

EPA Administrator Lee Zeldin discusses rising oil prices amid U.S.-Iran tensions, the Trump administration's energy strategy, Everglades restoration funding and new efforts to phase out animal testing on ‘Mornings with Maria.' #foxbusiness #morningswithmaria

The crude oil market continues to see a lot of noise, as we are continuing to pay close attention to the headlines coming from Iran and the United States.

Russian Deputy ​Prime Minister Alexander Novak said on ‌Thursday there was rising uncertainty about global oil demand and that he had discussed this ​issue with Saudi Energy Minister Prince ​Abdulaziz bin Salman.

OPEC ​expects robust oil ‌demand growth and is ​not ​changing its estimates, Secretary ⁠General ​Haitham Al Ghais ​said on Thursday at the ​St Petersburg ​International Economic Forum.

President Donald Trump told aides that he won't resume the war unless U.S. troops are killed, according to The Wall Street Journal.

Oil prices rose Wednesday following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire, and U.S. stocks retreated from their records.

An underwhelming outlook from AI chip maker Broadcom threatens to send U.S. stocks lower for a second day in a row. Major indexes had hit records Tuesday.

Quantum Helium Ltd (AIM:QHE) has reported that oil production from its Sagebrush Project, in Colorado, generated gross revenue of US$108,288 in the first quarter, giving the helium-focused group continued near-term cash flow as it advances testing and development work across its US portfolio. Gross oil production for the three months to 31 March 2026 totalled 2,482 barrels, compared with 2,645 barrels in calendar Q4 2025.

Crude prices slipped on Thursday after Israel and Lebanon agreed to implement a ceasefire, with markets pricing in the possibility that the deal could unlock a broader settlement to end the wider US-Israeli war with Iran and, crucially, reopen the Strait of Hormuz. Brent futures eased towards $96.92 a barrel, while US West Texas Intermediate fell to around $95.24, paring gains accumulated over the previous two sessions when both benchmarks had risen around 2% after a fresh surge in Middle East hostilities, including Iranian drone attacks on Kuwait and US military strikes near the Strait of Hormuz itself.