Invesco Db Oil Fund ETF News

Oil fell after Russia said some troops are starting to return to their permanent bases, easing geopolitical tensions that have rallied prices.

A consumption boom and soaring prices for basics like oil, coal and coffee caused gross domestic product to rocket 10.6 percent in 2021. By Oscar MedinaBloomberg Published On 15 Feb 202215 Feb 2022 Colombia’s economy blew away forecasts as it grew at the fastest pace in more than a century last year, driven by a rebound …

President Biden warned that a Russian invasion of Ukraine could send oil and gas prices skyrocketing from their current seven-year highs. Omar Villafranca has more.

An ''agreement in principle'' has been reached to transfer the toxic cargo from a rusting oil tanker abandoned off the coast of war-torn Yemen to another ship, the UN said Tuesday. Experts warn of the risk of a major environmental disaster posed by the 45-year-old FSO Safer, moored since 2015 off Yemen''s western port of Hodeida. An oil spill could destroy ecosystems in the Red Sea, shut down the vital port and expose millions of people to high levels of pollution, according to independent studies.

© Reuters. FILE PHOTO: Federal Trade Commission seal is seen at a news conference at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas By David French and Laura Sanicola (Reuters) – EP Energy is exploring a sale of oil-producing acreage in Utah it hopes will avert a challenge from a U.S. antitrust regulator …

Santos has more than tripled its annual underlying profit amid higher oil and LNG prices and flagged plans to review its assets and returns to shareholders after sealing a $21bn merger with rival Oil Search and delivering a bumper dividend to investors.

LIMA, Peru - Dozens of beaches near Lima were deserted and thousands of fishermen remained without work Tuesday, one month after an oil spill at a refinery created what the…

US major indices snap a three day losing streak Biden: Invasion remains distinctly possible Some of the geopolitical premium comes out of oil. How much is left? ECBs Villeroy: We will retain our full optionality about pace of normalization European major indices close higher in

The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 1.076 million barrels after analysts predicted a larger draw of 1.769 million barrels. U.S. crude inventories have shed some 80 million barrels since the start of 2021 and about 22 million barrels since the start of 2020. Global crude stockpiles are also low. In the week prior, the API reported a draw in crude oil inventories of 2.025 million barrels after analysts had predicted a build of 675,000 barrels. Oil prices were trading down sharply on Tuesday…

Higher oil and gas prices drive a more than trebling in full-year profit and Santos has forecast a surge in output this year after the Oil Search merger.

Dozens of beaches near Lima are deserted and thousands of fishermen remain without work, one month after an oil spill at a refinery created what the United Nations called the worst ecological disaster in Peru’s recent history

United States API Weekly Crude Oil Stock climbed from previous -2.025M to -1.076M in February 11

A consumption boom and soaring prices for basics like oil, coal and coffee caused GDP to rocket 10.6% in 2021.

API reported crude inventories fell 1.1mb, relative to the DOE expectation for a draw of 1.6mb on the week.Crude inventories at Cushing fell 2.4mb on the week according to the…

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 1.1 million barrels for the week ended Feb. 11, according to sources….