Invesco Db Oil Fund ETF News

The cost of crude oil hit a seven-year high this week, reaching $105 at one point

(Bloomberg) -- Iraqi oil production was suspended from two fields in the country’s south with a combined capacity of 480,000 barrels-a-day.

Alberta’s latest budget projects the first surplus in eight years, ushering in a remarkable turnaround after years of economic decline

New Delhi, Feb 26 (PTI) India, the world’s third largest energy importing and consuming nation, on Saturday said it is closely monitoring the global energy markets to track any supply disruptions following the Russia-Ukraine conflict, and will support release of oil from strategic storages to cool prices. International oil prices climbed to an over seven-year […]

The Nigerian National Petroleum Company (NNPC) has assured Nigerians of its continued efforts to return the supply of petrol to normalcy. The NNPC asked Nigerians to be patient, saying it has sufficient stock of petroleum product for distribution across the country. The company also said it is working with partners to ensure the product reaches … The post NNPC tells Nigerians to be patient, says sufficient petrol in stock for distribution appeared first on Okay.ng .

(Bloomberg) -- India, the world’s third-biggest oil importer, will support initiatives to release emergency reserves to calm prices that surged on concern Russia’s invasion of Ukraine will disrupt global supplies.

Russia’s invasion of Ukraine is contributing to some of the highest prices ever for commodities like oil, wheat and fertilizer, plaguing a global economy already experiencing decades-high inflation.

High crude oil prices, due to geo-political concerns, can spike petrol, and diesel prices by Rs 6 to Rs 8 per litre, ratings agency ICRA said.

One of the main reasons for the latest fuel price adjustments in SA is the escalating crisis between Russia and Ukraine, which led to a surge in crude oil prices amidst supply fears.

Edible oil prices have been climbing unabated globally and in India since the onset of the pandemic. Here''s why the Russia-Ukraine War could further drive up cooking oil prices in India

The goal is “energy security,” lobbyists said, although clean-energy advocates counter that wind and solar provide more protection from boom-and-bust oil markets.

UKRAINE yesterday urged Brussels to impose tougher sanctions on Russia as Kremlin forces advanced on Kyiv.

The inflation challenge is at the top of investors’ minds after Russia’s invasion of Ukraine caused oil prices to spike above $100 a barrel, adding to a flurry of red flags that equities were already grappling with.

Russia''s President Vladimir Putin defied mounting sanctions and recriminations from the West as the country’s military pushed deeper into Ukraine on Thursday, attacking strategic airfields and advancing toward major cities. According to reports, at least 137 people have been killed and scores more injured, some critical. Russian forces reached the outskirts of Kyiv on Friday as Ukrainian President Volodymyr Zelensky said the invading troops were targeting civilians and explosions could be heard in the besieged capital. Pre-dawn blasts in Kyiv set off a second day of violence and displaced at least 100,000 people. _ EXPLAINER: Here''s why the threat of war in Ukraine still looms, despite crisis talks with Russia Fears of a possible Russian attack on Ukraine have sharpened after no progress was made during talks in Europe seeking to deter Russia''s military build up near Ukraine and convince Moscow to de-escalate. Russian officials said the security talks this past week failed. One top official bemoaned a "dead end" situation, saying it was pointless to continue after the United States and NATO firmly ruled out Russia''s key demands: that Ukraine, Georgia and other nations - including Sweden and Finland - be forever barred from joining NATO.