Invesco Db Oil Fund ETF News

As net importers, the region’s countries are particularly vulnerable to shocks from sanctions against Russia.

Australians will spend up to an extra $12bn on petrol this year, as global sanctions on Russia cause a surge in oil prices around the world.

Russia''s invasion of Ukraine has sparked a massive humanitarian and economic crisis. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, tells France 24 the war will also have ''lasting consequences on the global economy.'' Also in the show - how should the current energy crisis be compared to the 1973 oil shock?

A California-based auction house said it is selling a rare piece of movie memorabilia: the Tin Man''s oil can from "The Wizard of Oz."

Maduro said he looked forward to having a continuing dialogue and a "positive agenda" with the U.S.

Oil falls, Russia says it maintains its crude oil exports

US consumer price gains accelerated in February to a fresh 40-year high, consistent with rapid inflation that’s become even more pronounced following Russia’s invasion of Ukraine.

Russia said on Thursday that it was suspending, until the end of this year, exports of more than 200 products, including technological and medical equipment, vehicles, and agricultural machinery, but oil, gas, and coal - the main revenue stream for the government – were spared from the list. The measure - which also includes the suspension of exports of electric equipment, railway cars and locomotives, containers, turbines, metal and stone cutting machines, video displays, projectors, consoles, and switchboards—“is necessary to…

Germany and Hungary are the most vocal opponents of an EU import ban on Russian energy, which is staunchly supported by Poland, while France and others sit on the fence.

WASHINGTON (Reuters) – U.S. consumer prices surged in February, culminating in the largest annual increase in 40 years, and inflation is poised to accelerate further in the months ahead as Russia’s war against Ukraine drives up the costs of crude oil and other commodities.

Russia''s difficulty in marketing its oil opens up a significant supply deficit.

India''s ONGC failed to get bids in its tender to sell 700,000 barrels of Russian Sokol crude in a growing backlash against Moscow for its Ukraine invasion.

India''s ONGC Videsh failed to get bids in its tender to sell 700,000 barrels of Russian sokol crude in a growing backlash against Moscow for its invasion of Ukraine, sources familiar with the matter said.

Energy stocks are on a roll as soaring oil prices push them to record highs. So what are the companies doing with the windfalls? Buying back their shares.