Invesco Db Oil Fund ETF News

The broad nature of Thursday’s sell-off pointed to more than one trigger. Oil prices and yields on government bonds also fell.

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Encouraging residents to be less reliant on gasoline and oil for transportation and home heating are among the key ways the P.E.I. government hopes to achieve its goals to reduce greenhouse gas emissions.

The recent weakness in the price of crude oil may turn out to be a correction in the broader trend as long as it defends the monthly low ($86.75).

—.Says 20 vessels with 2.3bn litres of petrol due in two weeks–Hints of move to increase govt patronage of local vehicles By Johnbosco Agbakwuru ABUJA–THE The post Fuel scarcity ‘ll be over bext week – NEC appeared first on Vanguard News .

U.S. share benchmarks declined after Western officials said they weren’t seeing a de-escalation on the Ukrainian border, despite Moscow’s claims of troop withdrawals.

Sen. Kennedy, R-La., argued on “America Reports” Thursday that the Biden administration has waged a ‘frontal assault’ on US oil and gas.

U.S. shale lacks the capacity to come to the rescue of consumers battling sky-high energy prices with much more crude production, says the boss of the Permian Basin’s biggest oil explorer.

E&Ps, namely the US shale producers, are transforming before investors'' eyes. And so far, the market likes it

The direction of the April WTI crude oil market into the close on Thursday is likely to be determined by trader reaction to the pivot at $89.01.

AA survey finds high fuel prices are having ‘significant impact’ on more than eight out of 10 people in the Republic

Stocks, oil, and cryptocurrencies were all lower Thursday. The prospect of war in Eastern Europe hasn''t gone away.

Saudi Arabia is signalling it isn''t willing to pump more oil and won''t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.

Nigeria’s gross domestic product (GDP) grew 3.4 percent in 2021, the strongest since 2014. The figure is the first annual growth above 3 percent since President Muhammadu Buhari won the 2015 election. In 2014, the economy grew 6.3 percent. The National Bureau of Statistics (NBS) said this in its fourth-quarter GDP report released on Thursday. According to the report, the GDP also posted a strong recovery of 3.98 percent in the fourth quarter of 2021 — but lower than the 4.03 percent in the third quarter. “Nigeria Gross Domestic Product (GDP) grew by 3.98%(year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10% and -3.62% in Q2 and Q3 of 2020 under the Covid pandemic,” the report reads. “The fourth quarter growth indicates a steady economic recovery accounting for annual growth of 3.40% in 2021. “The Q4 2021 growth rate was higher than the 0.11% growth rate recorded in Q4 2020 by 3.87% points and lower than 4.03% recorded in Q3 2021 by 0.05% points.

A shocking rise in petroleum prices has given birth to widespread public outrage. Representatives of the trading community, farmers and transporters have reacted sharply to the increase. The unorganised sections of the lower middle class commuting on motorbikes have also been badly hit by the rise. What has worried the government most are the concerns […] The post Massive rise in petrol prices appeared first on Pakistan Today .