Oil States International, Inc. (OIS) shares are experiencing a decline in after-hours trading, potentially influenced by recent legal developments affecting the oil industry. On November 27, 2024, Sentinel Peak Resources filed a lawsuit to challenge a new California law, AB 2716, which mandates the closure of 800 oil wells in the Inglewood Oil Field by 2030. This law, aimed at reducing environmental impact,
Oil States International, Inc. (OIS) stock is experiencing a decline in after-hours trading, potentially influenced by broader market trends in the energy sector. A significant factor is the ongoing pressure on oil prices, with West Texas Intermediate crude remaining below the $70-per-barrel level. Despite a reported drop in U.S. stockpiles, oil futures have lost about 3.5% over the last three sessions, con
Oil States International, Inc. (OIS) is experiencing a rise in its stock price today, likely influenced by broader market dynamics in the energy sector. A significant factor contributing to this upward movement is the recent American Petroleum Institute (API) report, which revealed a larger-than-expected draw in U.S. crude oil inventories. The report indicated a decline of 5.94 million barrels, far exceedin
Oil States International, Inc. (OIS) shares are down today, trading at $5.41, a 1.81% decrease from the previous close of $5.51. The decline in OIS stock comes amid broader market concerns related to the energy sector. Notably, the United States set a new crude oil production record in August 2024, averaging 13.4 million barrels per day, according to the Energy Information Administration. This increase in p
Oil States International, Inc. (OIS) shares declined 0.54% to $5.48 in after-hours trading, following a 3.67% drop to close at $5.51 on November 25, 2024. The after-hours movement comes amid broader market reactions to geopolitical developments and policy announcements. President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary, who advocates for a significant increase in U.S. oil prod
Oil States International, Inc. (OIS) shares are down 3.15% to $5.54 as of 2:08 pm on Monday, compared to its previous close of $5.72 on November 22nd. The decline in OIS stock is largely attributed to a broader drop in oil prices, which fell more than $2 per barrel on Monday. This drop followed reports of a potential peace deal between Israel and Lebanon, which could ease geopolitical tensions in the Middle
Oil States International, Inc. (OIS) shares are up 2.93% to $5.60 as of 11:16 am on Friday, rising from its previous close of $5.44 on November 21st. The increase follows the company's announcement of a groundbreaking Low Impact Workover Package (LIWP) at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. This innovative system is designed to significantly reduce wellhead loads
Oil States International, Inc. (OIS) shares are up 2.61% to $5.50 as of 12:16 pm on Thursday, following a rise in crude oil prices amid escalating geopolitical tensions. The ongoing conflict between Russia and Ukraine has intensified, with Ukraine launching British cruise missiles into Russia and Russia responding with intercontinental ballistic missiles. This escalation has raised concerns about potential