Invesco Db Oil Fund ETF News

The Norwegian krone has been supported by higher petroleum prices through the latest market turbulence. Economists at Nordea see EUR/NOK trading in a

Oil futures rise Monday, on track to cap a sharp January rally that''s lifted the U.S. benchmark by around 15% as traders continue to track the threat of a

The buying is relentless

Traders and entrepreneurs in Jharkhand are expecting a blueprint for financial relief in personal income taxes, inclusion of petrol and diesel under GST regime and a renewed focus on employment and livelihood generation in the upcoming Union budget, which is due to be tabled by finance

The governor of a province in eastern Thailand on Saturday declared a state of emergency after an oil slick washed up on a sand beach, shutting down restaurants and shops in a setback for the pandemic-hit tourism industry.Some 20-50 tons of oil are estimated to have leaked on Tuesday night in the Gulf of Thailand from an undersea hosepipe used to load tankers at an offshore mooring point owned by the Star Petroleum Refining Co.The leak was stopped within hours, the company said, but efforts to

The White House is planning to hit Russian banks, government-owned companies and imports with sanctions if Moscow decides to invade Ukraine, according to a new report published Friday.

Crude oil prices rallied sharply as market fears of another COVID-induced hit to demand failed to materialise. Supply-side constraints then sustained

That OPEC’s spare oil production capacity was a problem that was only going to get worse with time became clear last year when the first reports began to emerge that the cartel and its partners led by Russia are not adding as much oil to their monthly output as agreed. Now, the gap between commitment and output has deepened, adding fuel to an already strong price rally. In December, OPEC+ added 253,000 barrels daily to its combined production falling well short of its 400,000-bpd target for yet another month in a growing row. Naturally, this…

The Nigerian National Petroleum Company Ltd has secured a $5billion corporate finance commitment from the African Export-Import Bank to fund major investments in Nigerias upstream sector. As contained in a document jointly signed by the President of Afreximbank, Benedict Oramah, and the Group Managing Director, NNPC Limited, Mele Kyari the pact aims to facilitate energy supply and transition. It states that Afreximbank agreed to enter into a financial advisory and fundraising mandated lead arranger role to raise the sum of $5 billion towards the acquire, invest and operate energy-producing assets in Nigeria. It reads, NNPC limited is seeking to raise $5 billion as corporate finance to fund major upstream investments. Afreximbank agreed to enter into a financial advisory and fundraising mandated lead arranger role to raise the sum of $5 billion towards the acquire, invest and operate energy-producing assets in Nigeria as part of NNPCs growth strategy following its incorporation as a limited liability company.

Talk of $100-a-barrel oil has intensified in recent days, but triple-digit prices may pose a disadvantage for major oil-producing nations that are set to…

Oil companies could get caught in a stranded asset trap worth $500 billion, environmental think tank Carbon Tracker said in a new report this week. According to the report, Surging oil prices may tempt oil and gas companies to make long-term investment decisions that cost shareholders dearly, but a cautious managed approach to the energy transition would do most to preserve shareholder value and help society achieve climate goals. The authors noted the recent surge in oil prices but cautioned Big Oil about letting it

In this article, we discuss the oil price predictions for 2022 and top 5 energy stocks.

New 7 year cycle high reached $88.52 but finds sellers.

The rising oil prices might have a negative impact on Nigerias revenues, according to Shubham Chaudhuri, the World Banks country director for Nigeria. Ironically, Nigeria is at a point now where rising oil prices might not be a good thing because although oil production might go up and crude oil revenue may increase, which in []

Last week''s highs taken out