Invesco Db Oil Fund ETF News

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I guess most of you know what happened to oil this week. It went through the roof at the very beginning of the week, just to slightly reverse in the s

The cut to excise duty on petrol and diesel in the Republic of Ireland has been “immediately eroded” with fuel costs higher yesterday than earlier in the week, the Dail has been told.

SEOUL, March 11 (Xinhua) -- South Korea''s current account surplus fell in January due to higher price for imported crude oil and raw materials, central bank data showed Friday. Current account surplus, the broadest measure of cross-border trade, amounted to 1.81 billion U.S. dollars in January, according to the Bank of Korea (BOK). The current account balance stayed in black for 21 months since May 2020,

With this increase, the price of petrol has shot up to Rs 254 per litre and diesel to Rs 214 respectively, an unprecedented high in fuel prices.

Fitch expects near-term fiscal consolidation to become more challenging with higher commodity prices, likely reduction in excise duty on petrol and diesel, besides the impact of broader headwinds.

EU As A Line Of Defense For Ukraine? After Ukraine formally applied for membership in the European Union on February 28, Georgia and Moldova followed suit on Thursday. Like Ukraine, both countries have a history of Soviet occupation and host contested regions on their borders where Russian-backed rebel groups have been fighting against their armed forces and have even formed breakaway republics. Especially after the invasion of Ukraine , both countries are feeling the threat of Russian expansionism even more acutely. But, as Statista''s Katharina Buchholz asks (and answers below), can the EU be a line of defense for Ukraine or other countries in a potential territorial conflict with Russia? A survey by the European Council on Foreign Relations in seven EU countries in January of 2022 shows that citizens of these countries did see the EU in a position of responsibility given the then hypothetical invasion of Ukraine by Russia. You will find more infographics at Statista Responses indicating the EU should defend Ukraine were almost as numerous as responses mentioning NATO as a defender of Ukraine.

Gas prices have reached new records. At the same time, oil prices reach new record highs in euro terms. ABN Amro’s three new scenarios imply that oil

Russia-Ukraine war: After oil prices, Vladimir Putin plays fertiliser card to warn west

Europe to bear greatest costs while inflation fight in U.S. gets tougher.

The UK made a better-than-expected recovery from Omicron disruption at the start of this year, official figures showed today.

The government says the ban, which won’t take effect until shipments already on their way arrive, won’t risk fuel security Australia has joined major allies including the US and the UK and banned imports of Russian oil, but only after shipments already ordered and paid for arrive. While Australia is not a major importer of Russian energy products, the coordinated efforts “will collectively curtail Russia’s revenue and ability to finance Russian President Vladimir Putin’s unjustified war against Ukraine”, a spokesperson for the foreign minister, Marise Payne, said on Friday afternoon. Continue reading…

AP with the report

Ceypetco incurs a loss of 128 rupees per litre of diesel and 80 from a litre of petrol as of March 10 - Ceypetco chief

The 15 House Republicans who voted against the ban worried about U.S. energy independence, while a Democrat cautioned against domestic oil production.