Invesco Db Oil Fund ETF News

“If we do not have a deal with Iran in the next three weeks, the prices will be well ahead of $100 a barrel because Opec does not have enough capacity to produce 400,000 barrels per day. The new normal will be between $70 and $80 a barrel after 2025. Before 2025, the new normal is somewhere in the range of $85 to $95 a barrel. It all depends on what happens in negotiations with Iran. If the Iranian deal is made, prices could dip $5-10 a barrel.”

Residents in Abuja are lamenting the scarcity of petrol in the region as those involved in the black…

Prices are steady after losing more than 3% in the previous session as investors mull easing geopolitical tension

Asian refiners are tracking prices of Russia''s Urals crude amid fears of sanctions as strong demand continues to boost values for various Middle East grades pressuring their margins, sources told S&P Global Platts. European refiners, the baseload buyers of the medium, sour crude, have been shying away favoring sweeter barrels due to better refining economics and also because of the…

US commercial oil inventories (excluding the strategic reserve) for the week ended February 11 fell by 1.6 million barrels to 408.6 million barrels

A vital corner of the crude market is flashing increasingly bullish signs, even as oil futures whipsawed with investors digesting the latest updates from the developing situation between Russia and Ukraine.

New Delhi: Petrol and diesel prices in Hyderabad and other metros had witnessed a sharp drop in the month of November after the central government decided to cut excise duty on fuel. The prices of petrol and diesel which were Rs.114.49 and Rs.107.40 per liter respectively in Hyderabad on November 3 have dropped to Rs. … Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

Crude oil prices sharp decline stopped at the main bullish channels support line, and …

There were indications, yesterday, that the prolonged shortage of Premium Motor Spirit, also known as petrol, is taking a severe toll on the economy as it has disrupted operations in many sectors, according to Vanguard checks. The post Bad petrol: Economy bleeds as scarcity worsens appeared first on Vanguard News .

But beyond the Ukraine tension, the oil market remains tight and prices are still on course for a move towards $100 a barrel, analysts said

Global oil prices declined slightly on February 16 morning amid some easing of supply concerns

Middle East benchmark Dubai crude soared to a record this week while spot premiums for April-loading Russian oil jumped to their highest in more than two years in Asia, trade sources said on Wednesday as prices returned to pre-pandemic levels.

Wall Street stocks rebounded on Tuesday after Russia said that some troops have been withdrawn from the Ukraine border. Crude oil prices pulled back sharply. Asia-Pacific markets look set to open h…

ISLAMABAD: The government Tuesday significantly increased prices of petroleum products after crude oil hit an eight-year high in international market that will add to inflationary pressure in the economy and affect the household budgets of millions of Pakistanis. The government increased the…

NEW YORK: Oil tumbled over 4 percent from a seven-year high on Tuesday after Russia said some of its military units were returning to their bases after exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West.It was not clear how many units were being…