Invesco Db Oil Fund ETF News

Exporters and importers have been kept outside the purview of this order with some caveats

Except oil gas and PSU bank, all sectoral indices ended in the green, with capital goods, auto, IT, metal and bank up 1-2 percent. The BSE Midcap and Smallcap indices gained 0.6-1.2 percent

Spanish oil major Repsol SA is considering putting some of its Canadian assets up for sale. Article content Spanish oil major Repsol SA is considering putting some of its Canadian []

Oil prices increased on Wednesday, spurred by data showing a decline in US oil stocks. International benchmark Brent crude was trading at $90.94 per barrel at 0615 GMT with a 0.18% gain after closing the previous session at $90.78 a barrel. American benchmark West Texas Intermediate (WTI) traded at ..

With oil producing countries, were talking about proposed production increases. With oil consuming countries, we''re talking about releases from strategic reserves, White House spokeswoman Jen Psaki told reporters.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Tuesday a limited quantity of Premium Motor Spirit (PMS) known as Petrol with methanol quantities above Nigeria’s specification had been discovered in the supply chain. Methanol is a regular additive in petrol and usually blended in an acceptable quantity. Large queues had surfaced in filling stations across Lagos and Federal Capital Territory (FCT) in the last few days. In a statement in Abuja, NMDPRA said the limited quantity of the impacted product had been isolated and withdrawn from the market, including the loaded trucks in transit in a bid to ensure vehicular and equipment safety. The agency said the source supplier had been identified and appropriate actions would be taken by the Federal Government and Nigerian National Petroleum Corporation (NNPC) Limited. READ ALSO: NSCDC nabs five people with adulterated petroleum products in Akwa Ibom It assured that its technical team in conjunction with NNPC and other industry stakeholders would continue to monitor and ensure that quality petroleum products are supplied and distributed nationwide.

The price per barrel of oil is projected to increase going forward Related Stocks: HES ,

Oil futures fell on Tuesday, with U.S. benchmark prices settling at their lowest level in nearly a week. "While some are suggesting the resumption of U.S.-Iran nuclear talks is acting as a drag, the reality is, even if there was an agreement it''s not immediately obvious how quickly this would translate into more supply," said Michael Hewson, chief market analyst at CMC Markets UK. "It''s more likely that a modest lessening of tension on the Russia-Ukraine border is prompting a little relief" in terms of supply risks, he said. West Texas Intermediate crude for March delivery fell $1.96, or 2.2%, to settle at $89.36 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since Feb. 2, FactSet data show. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Star stock picker remains one of the few prominent fund managers who say that deflation will be a driving force

The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority has confirmed that petrol, with methanol quantities above Nigeria’s specification, was found in the supply chain. This was confirmed in a statement by NMDPRA. The statement noted that the supplier had equally been identified and would be sanctioned. The government assured that the […] FG confirms supply of petrol with high methanol

The Federal Government (FG), has revealed that there is fuel scarcity in some parts of the country due to the discovery of methanol in petrol. In a statement cited by BizWatch Nigeria , the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said petrol, petrol, with methanol quantities above the country’s specification, was discovered in the supply chain. According to the agency, the supplier had been identified and appropriate sanction would apply. Continue reading BREAKING: FG Blames Fuel Scarcity On Discovery Of Methanol In Petrol at BizWatchNigeria.Ng.

A few top oil stocks made IBD''s Screen Of The Day, which shows firms that funds are buying.

Business Day TV speaks to Raymond Philips, commodities trader at RMB

Republicans on the Senate Energy & Natural Resources Committee pressed President Biden''s nominee for a top Interior Department post on oil and gas leasing in a rare second nomination hearing on Tuesday.Laura Da

February 8, 2022/OilPrice.com Chart of the Week – Largely thanks to a colder-than-average January, European gas stocks are now below 38% of aggregate storage capacity and remain well below any historical range. – With Gazprom minimizing gas flows via the Yamal-Europe pipeline, Brussels is seeking to clinch guarantees from the US and […] The post Optimism Over Iran Nuclear Deal Drags Oil Prices Down appeared first on .