SPDR O&G Equip

Halliburton Executive Van H. Beckwith Sells ~198k Shares for $8.19M

SLB Reports Beat, Hits 52-Week High, Analysts Raise Targets as Insiders Sell

Halliburton Stock Hits New High as Redburn Raises Target to $49

Stephens Cuts Stake in Solaris Energy as Other Investors Increase Holdings and Insiders Trade

Kodiak Gas Services Launches $750 Million Common Stock Offering

BMO Raises Halliburton's Target Price to $45

Solaris Energy Infrastructure Expands Power Contract to 630 MW

Kodiak Gas Services released FY2026 Q1 earnings on May 11 Pre-Market (EST), actual revenue USD 345.76 M (forecast USD 340.43 M), actual EPS USD 0.2 (forecast USD 0.514)

Seadrill released FY2026 Q1 earnings on May 11 Pre-Market (EST), actual revenue USD 348 M (forecast USD 325.53 M), actual EPS USD -0.11 (forecast USD -0.2925)

SLB OneSubsea Completes Acquisition of Norwegian Envirex Group's Subsea Business

Solaris Energy Board Member Howard Keenan Sells Company Shares

Cactus released FY2026 Q1 earnings on May 7 After-Market EST, actual revenue USD 388.35 M (forecast USD 380.77 M), actual EPS USD -0.704 (forecast USD 0.5833)

Liberty Energy Subsidiary Signs $505 Million Supply Contract with Bergen Engines

Helmerich & Payne released FY2026 Q2 earnings on May 6 After-Market EST, actual revenue USD 932.36 M (forecast USD 948.69 M), actual EPS USD -0.59 (forecast USD -0.2272)

Helmerich & Payne released FY2026 Semi-Annual earnings on May 6 After-Market (EST), actual revenue USD 1.949 B, actual EPS USD -1.57

Halliburton's President Michael Casey Sold 20,348 Shares

SLDC Secures Drilling Contract for Kuwait's Mutriba Oilfield

Liberty Energy Chairman Sells Company Stock

Solaris Oilfield Infrastructure plans to issue $1.3 billion senior notes

Drummond Robert Wayne Jr Sells Patterson UTI Energy Stock

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

CRAK

Oil prices fell on May 19 after VP JD Vance announced progress in US-Iran talks, reducing military tensions. Brent crude settled at $111.28, down 0.73%, while WTI dropped to $107.77, down 0.82%. Despite the decline, prices remain high due to ongoing supply disruptions and geopolitical tensions in the Middle East. Chinese refiners have cut oil processing amid the conflict, and US crude stocks are expected to show a significant decrease. The situation remains volatile as negotiations continue.

Businesstimes News

Occidental Petroleum

United States Oil Fund LP

VanEck Oil Services ETF

VanEck Oil Refiners ETF

Pro Ultr Bloomberg Crude Oil

VG Energy

iShares US Oil & Gas Expl & Prod

SPDR O&G Ex & Prd

Us Brent Oil

ISHRS S&P Glb Engy

SPDR Energy Select

iShares US Oil Equip & Svcs

Thomson Reuters

Oil prices settle down after Vance cites progress in Iran talks

President Trump held a national security meeting on Iran war plans after pausing strikes, influenced by Gulf leaders' concerns over potential Iranian retaliation against oil facilities. The meeting included senior officials discussing military options and diplomatic efforts. While Trump has not made a firm decision to strike, he has set a two to three-day window for negotiations, with uncertainty about future actions if no progress is made.

Investinglive

War ICYMI - Trump briefed on Iran strike options after pausing attack, officials say

NVDA

Wall Street's rally has stalled as major indexes fell for a second consecutive day, driven by profit-taking after a recent AI-led surge. The 10-year Treasury yield reached 4.66%, the highest in 15 months, amid rising oil prices linked to uncertainties in the Iran conflict. The semiconductor sector faced pressure, with Nvidia declining ahead of earnings and analysts cautioning about a potential 40% correction risk.

- Major stock indexes fell for the second consecutive day as investors took profits following a significant AI-driven rally since late March.  
- The 10-year Treasury yield rose to 4.66%, the highest level in 15 months, influenced by high oil prices amid uncertainties related to the Iran conflict.  
- Semiconductor stocks faced challenges, with Nvidia declining ahead of earnings reports, as analysts indicated a potential 40% correction risk in the sector.

NVIDIA

Direxion Daily NVDA Bull 2X Shares

T-Rex 2X Long NVIDIA Daily Target ETF

VanEck Semiconductor ETF

AXS 1.5X NVDA Bear Daily ETF

Direxion Daily NVDA Bear 1X ETF

Direxion Semicon Bear 3X

GraniteShares 2x Long NVDA Daily ETF

Direxion Semicon Bull 3X

T-Rex 2X Inverse NVIDIA Daily Target ETF

iShares Semiconductor ETF

GraniteShares 2x Short NVDA Daily ETF

YieldMax NVDA Option Income Strategy ETF

NVIDIA Corporation

Rising yields and oil prices rattle Wall Street rally

NATO is considering a strategic shift to assist ships in the blocked Strait of Hormuz, potentially impacting its stance on the U.S.-Israeli conflict with Iran. This move raises concerns over global oil supply and security, amid heightened tensions and ongoing diplomatic efforts to resolve the blockade. The situation could lead to increased NATO involvement in Middle Eastern affairs.

CoinLive

NATO Considers Strategic Shift in Response to Strait of Hormuz Blockage

The US Senate voted 50-47 to advance a War Powers Resolution requiring Congressional approval for military strikes on Iran. Four Republican senators supported the measure, indicating cracks in party unity. While the resolution faces a likely presidential veto, it highlights Congressional concerns over military actions, potentially impacting geopolitical risk and oil prices.

US Senate advances war powers vote to curb Iran strikes without Congress (doesn't matter)

MLPX

MLPA

EMLP

TPYP

AMLP

Enterprise Products Partners presented an investor deck detailing the impact of a potential Strait of Hormuz closure, projecting a loss of 12-15 million barrels per day in hydrocarbon supply. Global inventories have decreased by 800 million barrels since March, with a 9 million barrels per day deficit. U.S. petrochemical margins improved significantly, and ethylene exports rose to 153,000 tons monthly. Pricing expectations for 2026 WTI vary, with a consensus at USD 58 and another estimate at USD 88.

PUBT

Enterprise Products Partner

GLOBAL X MLP & Energy Infra

Global X MLP

First Trust North American Energy Infra Fd

Tortoise N Americ Pipe

Alerian MLP

Enterprise Products publishes investor deck on Strait of Hormuz closure supply shock

ECB Governing Council member Martin Kocher warns that a rate hike in June is unavoidable if the Hormuz Strait remains closed due to ongoing Middle East conflict, which could push eurozone inflation higher. He emphasized that the ECB's goal is medium-term price stability and that the duration of the conflict will significantly impact inflation predictions. Despite weak data, Kocher noted the Austrian economy's resilience and potential growth of 0.5% this year, contingent on the conflict's duration.

- ECB Governing Council member Martin Koch indicated that if the Strait of Hormuz remains closed and Middle Eastern conflicts persist, a rate hike on June 11 is unavoidable.  
- Koch emphasized the central bank's focus on mid-term price stability, warning that prolonged conflict could lead to higher inflation rates.  
- He noted that Austria's economy showed resilience in Q1, and growth could still reach 0.5% this year if tensions ease; however, external supply shocks limit government options.

ECB's Kocher warns June rate hike unavoidable if Hormuz stays shut

Baker Hughes shareholders approved a new 2026 long-term incentive plan at the annual meeting on May 19, 2026, authorizing a reserve of 9,500,000 shares of Class A common stock. Additionally, KPMG was ratified as the independent accounting firm for fiscal 2026, and the employee stock purchase plan was amended to increase the share pool to 14,408,532 shares.

Baker Hughes

Baker Hughes shareholders approve 2026 long-term incentive plan at annual meeting

The euro fell to $1.163 as the EU downgraded its growth forecast amid high oil prices due to Middle East unrest. The U.S. issued a temporary license for Russian oil shipments to stabilize markets affected by the Strait of Hormuz closure. EU officials warned of rising stagflation risks, with inflation increasing and growth declining, raising concerns about prolonged economic strain.

Currencyshares Euro Trust

Euro falls as EU cuts growth forecast amid oil shock

RSPG

ENFR

Baker Hughes Co. (BKR) shares fell 1.11% to $65.47 on Tuesday, underperforming compared to competitors. The S&P 500 Index dropped 0.67%, while the Dow Jones fell 0.65%. Baker Hughes is 7.02% below its 52-week high of $70.41. Competitors' performances varied, with Caterpillar down 0.44%, SLB down 0.66%, and Halliburton up 0.47%. Trading volume was 8.4 million, below the 50-day average of 9.3 million.

SPDR O&G Equip(XES.US)