Invesco Db Oil Fund ETF News

Roughly 1.89 million barrels, or 300k kilolitres, of oil will be auctioned

https://www.investing.com/news/commodities-news/oil-up-but-ukraine-conflict-continues-to-add-to-volatility-2785463

Stakeholders in the downstream segment of the oil and gas sector as well as some members of the private sector have projected that the country’s spending on subsidy may exceed the N3 trillion appropriated for it going by oil futures… The post Subsidy borrowings may exceed N3tr as landing costs surpasses N400/litre appeared first on The Guardian Nigeria News - Nigeria and World News .

Russia’s war in Ukraine won’t just impact Russian soldiers and the Ukrainian people. The Western nations have imposed heavy sanctions on Russia, cutting it off from…

Demand for all oil products may grow at only 2-3% in FY23, slower than the current fiscal and nearly half the 5.5% growth estimated by the petroleum ministry, according to industry officials

After a sharp rally over the past month in the wake of the Russia-Ukraine war, metals - ferrous and non-ferrous - and crude have seen a reversal. Prices of base metals like aluminium declined 3%, while zinc and lead have corrected 8% each. Global steel prices have corrected by 4% over the past week, while iron ore prices have fallen by 12% over the same period.

West Texas Intermediate (WTI), futures on NYMEX, is oscillating around $95.00 but is likely to bear more pain amid a promise of higher oil supply by t

There is a disconnect between tearful rhetoric about Ukraine and sacrifices this might require

49 Republican Senators Will Oppose Iran Nuclear Deal Authored by Jason Ditz via AntiWar.com, In a sign that getting the P5+1 nuclear deal with Iran through Congress might be difficult, if not impossible, 49 out of 50 Republican Senators have announced they will not back any deal that doesn’t limit Iran’s missile program and "confront Iran’s support for terrorism." The deal isn’t intended to cover those issues, merely Iran’s civilian nuclear program. The terms are not public, but its not expected to touch on either issue. Sen. Rand Paul (R-KY) was the only senator to not come out opposed . Sen. James Risch (R-ID) speaks during a March 9 Senate Republican news conference, Getty Images. Sen. Paul said it didn’t make sense to condemn an unfinished deal , saying it is "not a very thoughtful position." It is unclear where Senate Democrats will fall on the deal. Either way, reports noted that the nuclear deal survived Congress in 2015 despite overwhelming Republican objection and their control of the Senate.

India Business News: NEW DELHI: India is close to clinching a deal with Russia for buying 3.

New lockdowns dragged prices back below $100 a barrel, casting fresh uncertainty on a global economic expansion hamstrung by the war in Ukraine, rising inflation and the end of stimulus.

A record 81 people were executed in Saudi Arabia on March 12.

The Prime Minister will also visit the UAE after declaring the Gulf states ‘key international partners’ for ending ‘addiction’ to Russian oil.

Banks suffer losses but overall Dublin market finishes day flat

On Monday, Barclays PLC (NYSE: BCS ) announced it would be suspending the sale and issuance of two popular exchange-traded notes (ETNs) due to capacity constraints. After trading in tandem throughout most of 2022, the Barclays iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS: VXX ) and the Barclays Bank iPath Pure Beta Crude Oil ETN (BATS: OIL ) have diverged in a major way this week following the announcement. OIL And VXX Explained: The VXX is one of the most popular ways for investors to trade stock market volatility. The VXX tracks the Chicago Board Options Exchange Volatility Index, … Full story available on Benzinga.com