Invesco Db Oil Fund ETF News

The possibility of a nuclear deal with Iran could bring some relief to a tight oil market.

Australian shares are set to rise; Wall Street advances; iron ore tumbles; $A, oil rises. Follow the latest here.

No oil producer around the world should hold back supply when demand is rising, the White House says as oil hit $90, noting that the U.S. Administration has left “all options on the table” to address high oil and gasoline prices and could use every legal and regulatory tool available. “Nobody should hold back supply at the expense of the American consumer, particularly as the recovery from the pandemic continues, and oil producers around the world have the capacity to produce at levels that match demand and reduce the high prices.…

Draw in US crude stocks fuelling supply concerns - EIA Strong demand in USA Iran-US nuclear deal capped upside Lingering eastern Europe tensions LONDON (ICIS)--Oil prices rose on Wednesday after the…

MRS Oil Nigeria Plc has indicted the Nigeria National Petroleum Corporation (NNPC), as members of the public linked it to the circulation of adulterated petrol. In a video circulating on social media, a staff member of MRS Oil was seen dispensing contaminated petrol to consumers, which led to a public outcry. Addressing the issue, MRS Oil accused Panama-based Duke Oil, which is a subsidiary of the state-owned oil and gas firm, of the importation of the adulterated fuel. Continue reading Adulterated Petrol: How MRS Oil Indicted NNPC at BizWatchNigeria.Ng.

Oil prices could soar to $120 a barrel if Russia''s crude exports are derailed by tensions with Ukraine, according to projections from JPMorgan.

By Alexandra Dominic ENUGU(GVE)- House of Representatives has called on the Federal Government to investigate the recent explosion of a Crude Oil Vessel at the Escravos Estuary in Delta State. During a plenary on Wednesday, the House, consciously asked the Federal Ministry of Petroleum Resources to investigate the cause of the explosion on the Floating Production Storage and Offloading Vessel (FPSO), the Trinity Spirit to prevent a recurrence of the incident. Also, it called on the Government to as soon as possible, alleviate the effects of the explosion on affected communities by embarking on a clean-up of the polluted waters and the coastlands, as well as provide relief materials and pay adequate compensation to those affected by the oil spill. The House resolved at following the adoption of a motion sponsored by Julius Pondi from Bayelsa State at the plenary. Pondi noted that the report of a massive explosion, which occurred recently on a floating production storage and offloading crude oil vessel called the Trinity Spirit and its subsequent sinking off the coast of the country at the Escravos Estuary in Delta State.

Domestic petroleum consumption climbed in early February, driven by robust demand for gasoline, while production only crept ahead and inventories dropped

The post U.S. Crude Inventories Dive Lower as Demand Outstrips Production, Imports appeared first on Natural Gas Intelligence

Big energy companies should be paying more to help families deal with the cost of living, the first minister claimed.

Roche suggested that many investors were underestimating the potential ramifications of the Russia-Ukraine crisis.

DUBAI (Reuters) Qatar is set to raise in March the price differential of its crude grades relative to the average price of the Dubai and Oman benchmarks, state producer Qatar Energy said on Wednesday.

Oil prices fell in European trade for the third straight session on active profit-taking from …

The incident is reportedly still ongoing and traffic in the area is slow after an Eddie Stobart lorry collided with the central reservation and has ended up on the grass verge

FRISCO, TEXAS, Feb. 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Verde Bio Holdings, Inc. (OTCQB: VBHI), with revenue producing mineral and royalty interests in more than 400 wells across the most active areas in the U.S., today announced that it has acquired mineral and royalty interests held by a private seller for a purchase price of $325,000 in cash. The interests are in Howard County, Texas, and are operated by Ovintiv, Inc. f/k/a Encana, which holds a significant acreage in the region.