Invesco Db Oil Fund ETF News

The longer that high oil and gas prices are sustained, the greater the economic damage for highly developed and industrialized countries that are not self-sufficient in energy supplies and it is at times like these that those countries find out who their real friends are, and are not. In this context, the current oil pricing/global economic matrix underlines once again the seismic geopolitical shift that has taken place in the Middle East since the end of the 2014-2016 Oil Price War – broadly away from the U.S. and its allies and towards…

U.S. shale oil production in the seven most prolific shale basins are set for their biggest rise since March of 2020, according to new EIA data. The Energy Information’s Drilling Productivity Report is estimating that the total production in the seven major U.S. shale basins will rise by 117,000 bpd next month, to 8.708 million bpd, according to the EIA’s latest version of the Drilling Productivity Report. The news comes as U.S. crude oil production finds itself in the spotlight as to the reasons they are not producing more. Regardless…

India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices

Shunned by the West, Russia is looking to the East for partners in its oil and gas sector and for willing buyers of its crude. The closest partner east of Moscow is China, the world’s top oil importer, which is reportedly already taking advantage of the exodus of western companies from oil, gas, and metals projects in Russia. Now Russia is setting its sights on forging closer energy ties with another major economy, India. India, the third-largest oil importer in the world, has abstained in several United Nations votes condemning Russia’s…

India is considering a Russian offer to buy crude oil and other commodities at discount prices a week after the U.S. banned all Russian energy imports, Reuters reported on Monday.India, the world''s third largest oil consumer and importer…

IOC said in late February it would buy Russian oil on delivered basis to avoid any complication relating to fixing vessels and insurance

Oil prices have soared to their highest levels in many years due to geopolitical tensions in Europe and the Middle East. Sudden jump in production is also unlikely.

Nigeria’s inflation rate is expected to accelerate in the coming months on the back of the surge in energy prices, following the latest sanctions placed on Russian oil by the United States, analysts have said. The analysts’ comments come ahead of the release of February inflation numbers by the National Bureau of Statistics which is […]

Stabilising crude oil prices and BJP''s impressive show in state polls boosted the morale on the streets. This week investors will track the two-day Fed meeting against the backdrop of US inflation

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau made some comments on the impact of the oil shock and the Russia-Ukra

Oil prices fell at the start of the session, extending last week''s decline, as a US official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine

Asian shares advanced and oil slipped on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting raged on

https://www.investing.com/news/commodities-news/oil-prices-slide-extending-last-weeks-decline-2783673

Oil prices extended last week''s decline to fall by about $4 a barrel during early trade on Monday after a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.