Invesco Db Oil Fund ETF News

Crude oil price faced new strong negative pressure yesterday, as it broke the bullish …

Global oil prices fell on February 17 morning, investors are evaluating the prospects for an increase in supply in the market

March crude oil futures were trading at ₹6,861 on MCX during initial hours of Thursday

Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee.

TOKYO (AP) — Japan racked up a 2.2 trillion yen ($19 billion) trade deficit last month, an eight-year high, as the cost of energy imports soared, the government said Thursday. The Finance Ministry said exports edged up 9.6% in January from the same month the previous year. Imports jumped 39.6%, resulting in the sixth straight month of trade deficits, it said. The amount is the biggest since January 2014, when the trade deficit totaled nearly 2.8 trillion yen. Koya Miyamae, a senior economist at SMBC Nikko Securities, said the trade deficit tends to rise in January because of the New Year’s holidays, which pushes exports down. “But even taking that into consideration, the deficit is huge,” he said. Japan imports almost all its oil and gas. Prices have soared to multi-year highs recently, adding to global concerns about inflation. Tensions in Ukraine amid worries about a Russian invasion have pushed prices still higher. Meanwhile, Japan''s currency, the yen, has weakened against the U.S.

In January of 2012, I watched with dismay as the labour unions, youth and civil society groups shut down the country in protest over the government’s deregulation of the downstream sector and the removal of subsidy on petrol. What started as mere protests by the youth caught fire and became a popular movement that almost […]

Oil tumbled in Asia on signs an Iranian nuclear deal could be close, while the market continued to monitor the standoff over Ukraine.

Crude oil has paused in its run upward as geopolitical tensions take center stage over supply concerns. Will WTI go higher?

Oil and gas investment in Nigeria, Africa’s biggest producer, has fallen to a record low, even as the country’s production outlook has not appeared as uncertain as it does now, Renaissance Capital Limited said on Wednesday. The Russia-based investment bank said in a new report that the under-investment and chronic infrastructure issues plaguing the country’s… Read More

17 Feb 2022 - Mixed finish on Wall St recovering from a morning slump as investors combed through the Fed minutes and keep an eye out on mounting tensions between Ukraine and Russia. Iran’s nuclear top negotiator tweet leads oil prices lower. Iron ore price deep dive. Over 20 companies set to unveil trading updates today. Labour force figures for January due at 11.30am AEST.

Here''s an epic plot twist in the American political drama: A President and party that came to office promising to wean the country off oil and gasoline to save the planet are now looking for ways to bring down the price of oil and gas to save a presidency.

With the energy transition now in full swing, the green and low-carbon energy sectors have been seeing record investment inflows as governments as well as public and private sectors double down on climate goals. In 2021, global spending on green energy climbed 27% Y/Y to a record $755B as per a Bloomberg New Energy report. That compared favorably with annual global energy investments which are estimated to have increased 10% Y/Y to USD 1.9 trillion, in line with pre-crisis levels. In the past, fossil fuel companies have been repeatedly lambasted…

Australia''s Santos cautious on Alaska, Australia oil projects Reuters

Wall Street Journal link is here (may be gated) . In brief from the article: President Biden has repeatedly called on Persian Gulf producers to pump more oil to reduce gasoline prices that, for Americans, are about twice as high as they were earlier in the pandemic. Those calls have grown more

(Reuters) – Woodside Petroleum Ltd said on Thursday its annual profit more than tripled, helped by higher prices and strong demand for oil and gas.