Invesco Db Oil Fund ETF News

The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly oil market report projected the world''s third-biggest energy consumer to add 0.39 million barrels per day (bpd) of crude oil demand in 2022.

The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly oil market report projected the world''s third-biggest energy consumer to add 0.39 million barrels per day (bpd) of crude oil demand in 2022.

Western sanctions on Russia over its invasion of Ukraine has prompted many companies and countries to shun its oil. This has led to Russian crude being available in the market at deep discounts

Sanctions on Russia have prompted many companies and countries to shun its oil, depressing Russian crude to record discount levels

Saudi Arabia is considering a move off the American dollar and onto the Chinese yuan when it comes to oil sales, according to media reports citing the Saudis’ growing anger with the Biden administration. Well, there goes America the Financial Great. Since World War II’s end, America has been the …

Progressives are concerned that high gas prices are worsening inequalities, creating tension between activists who want Democrats to do more to condemn big oil and those trying to navigate Russia’s deadly invasion of Ukraine. Some on the left…

Oil prices rise Thursday but remain below $100 a barrel.

The price of Oman oil on Thursday witnessed a decrease of $1.60 US compared to Wednesday The post Oman oil price falls by $1.60 appeared first on The Arabian Stories News .

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed concern that the divestment of oil assets by International Oil Companies (IOCs) operating in Nigeria may lead to job losses. “We will not fold our arms and allow mediocre to take hold of our national assets and ruin the fortunes of future […]

A day after the Fed hike, stock futures pointed to a struggle for Thursday, with Ukraine violence and higher oil prices in the spotlight.

Saudi Arabia and UAE, which are among just a handful of producers with spare capacity, have snubbed Western calls for more crude.

Phil Goldberg, a self-described ‘committed environmentalist’, has a powerful strategy to shield the largest oil companies in America In the spring of 2019, Phil Goldberg, a lawyer and hired gun for a front organisation serving some of America’s most powerful oil firms, spotted an opportunity to serve his masters. The University of Hawaii was holding a conference about a wave of lawsuits against the oil industry, and Goldberg was alarmed the event failed to include representatives from the energy business. So the day before the symposium, he fired off an email to the university demanding that big oil be heard alongside its critics. Continue reading…

With the war in Ukraine throwing crude oil markets into turmoil, Nova Scotia''s UARB chair has been busy.

The United States and Britain are ramping up pressure on Saudi Arabia to pump more oil and join efforts to isolate Russia, while Riyadh has shown little readiness to respond and has revived a threat…

Pakistan''s anti-corruption watchdog the NAB has initiated proceedings against retired four-star General Ahsan Saleem Hayat and senior officials of a logistics organisation after an ex-Army officer accused them of running an illegal crude oil business that caused a loss of Rs 20 million per day to the national exchequer.