Invesco Db Oil Fund ETF News

Energy stocks finished in the middle of the pack this week, as crude oil prices pared their war-driven rally as sanctions on Russia so far avoid impacting the country''s oil and gas…

Rising oil prices as a result of the Russia-Ukraine conflict represent a wake-up call for China’s energy security, experts have warned, stressing the importance of greater self-reliance for the world’s largest crude importer.Beijing has yet to offer a clear signal if it will release supplies from its strategic oil reserves in sync with the United States and other economies.But analysts have said that China’s stockpile is not large enough and warned about the risk of commodity inflation.The…

Even as the world is still coming out of the pandemic, an oil shock and subsequent economic slowdown is something most countries will try to avert.

AM Best believes that Russia''s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, particularly given the significant fallout in the capital markets and potential for widespread cyber attacks. In its Best''s Commentary , "Significant Implications of Ukraine Invasion on Global Insurance Industry," AM Best notes that invasion has had an immediate negative impact on the stock markets worldwide; continued volatility remains likely, challenging efforts by the global central banks and the U.S. Federal Reserve to contain inflation. In addition, sanctions against Russia may have severe knock-on effects not just on oil and commodity prices, but also tourism, as well as the economies of some of the world''s less resilient … Full story available on Benzinga.com

Democrats Demand Biden ''Do Something'' As Pump-Prices Set To Top $4 "In The Next Few Weeks" As Charles Kennedy writes at OilPrice.com , U.S. gasoline prices are rising after the Russian invasion in Ukraine and could hit $4 per gallon, according to data from the AAA. The average price per gallon of gasoline reached $3.57 as of Friday, according to GasBuddy data, after starting the week at $3.51. A year ago, the average price for gasoline was $2.65 per gallon. “Russia is one of the leading oil producers globally, behind only the United States and Saudi Arabia and if they choose to withhold their oil from the global market, such a move would eventually be reflected in higher gas prices for American drivers,” AAA spokesman Andrew Gross said, as quoted by the Epoch Times. The gas price increase to $4 could happen in the next few weeks, according to analysts, if the conflict continues that long. President Joe Biden this week tried to quench worries about the security of energy supply, saying, “ We’re closely monitoring energy supply for any disruption, and we’re executing a plan … toward a collective investment to secure stability in global energy supplies .” The president also assured the public the White House will take steps to control prices at the pump, with Biden saying, “I want to limit the pain to the American people fueling at the gas pump … This is critical to me.” No concrete measures for reining in prices were mentioned.

Assam Police have have asked Oil India Limited (OIL) to remain alert against possible kidnapping of its officials and subversive activities on its installations by Ulfa-1 in the current month.

HOUSTON (ICIS)--US benzene spot prices rose again tracking higher crude costs as geopolitical tensions push the energy sector higher. Arbitrage windows have now opened, favouring imports. The benzene…

As oil prices continue to rocket, now further helped along by Russia''s invasion of Ukraine, the Biden administration is still fighting tooth and nail to freeze new oil and gas drilling leases - even after a court ruled against the administration for using a metric to estimate "the societal cost of carbon emissions" to justify their move. Despite the court''s ruling, Biden''s administration has stopped new leases and permits for federal oil and gas drilling, MSN reported this week. The administration was previously prevented from using…

Despite $100 oil and the Russian invasion of Ukraine, the OPEC+ alliance is set to rubberstamp another 400,000 bpd increase in monthly production targets next week, several OPEC+ sources told Reuters on Friday. Russia and OPEC''s de facto leader Saudi Arabia lead the OPEC+ group, which has been managing supply to the market since the beginning of 2017 and survived the 2020 crash in demand and a month-long rift over market share between OPEC''s Saudi Arabia and the leader of the non-OPEC group in the pact, Russia. Several OPEC members are also U.S.…

The United States had announced a release of 50 million barrels from its own stocks in November and said China, India, Japan, South Korea the U.K. would do the same.

Input cost, which was showing signs of easing, may now see a sudden spike on the back of crude oil crossing $100 a barrel for the first time in seven years and aluminium, a key material in vehicle manufacturing, hitting record high prices.

For bigger players, the cost of oil will have a much larger impact on their operations.

Despite the surge in global crude oil price, retail price of petrol and diesel in four metro cities remained steady on Friday, the same level where it has remained for months now

* U.S. rig count up 2 to 522 -Baker Hughes * Biden works on coordinated SPR release * Ukraine battles Russian forces (New throughout, updates prices, market activity and comments) By Stephanie Kelly NEW YORK, Feb 25 (Reuters) - Oil prices slipped Friday…

Feb 25 (Reuters) - An Iranian supertanker that arrived last month in Venezuelan waters bringing imported condensate is scheduled to set sail in the coming days to carry Venezuelan heavy crude supplied by state-run PDVSA, a company document showed on…