Events · who it helps and who it hurts

OPEC+ ministerial meeting

The oil cartel's meeting on how much oil its members will pump.

Not on our calendar

The reads below are for when OPEC cuts production. Expect the opposite when OPEC raises production.

Sectors

EnergyUsually helpsOil companies earn more when the oil price rises.

Basic MaterialsUsually helpsSome chemicals and oil-sands producers earn more.

Consumer CyclicalUsually hurtsDearer petrol leaves households less to spend elsewhere.

Consumer DefensiveUsually hurtsShipping and packaging costs rise.

IndustrialsUsually hurtsFuel is a big cost for airlines, truckers and shippers.

Communication ServicesLittle effectLittle direct link.

Financial ServicesLittle effectLittle direct link.

HealthcareLittle effectLittle direct link.

Real EstateLittle effectLittle direct link.

TechnologyLittle effectLittle direct link.

UtilitiesLittle effectLittle direct link.

Where each sector’s relative strength sits this week is on the rotation board.

AirlinesUsually hurtsJet fuel is an airline's second-biggest cost.

Oil & Gas IntegratedUsually helpsOil majors sell at the higher price.

Auto ManufacturersUsually hurtsDear petrol pushes buyers toward smaller, cheaper cars.

Marine ShippingUsually hurtsShips burn fuel.

Oil & Gas Equipment & ServicesUsually helpsDrillers hire more rigs when oil is dear.

Oil & Gas Refining & MarketingUsually hurtsRefiners pay more for crude before they can raise petrol prices.

TruckingUsually hurtsDiesel is a trucker's biggest cost.

SolarLittle effectSolar competes with natural gas on the grid, not oil; little link.