Invesco Db Oil Fund ETF News

U.S. West Texas Intermediate crude futures edged up 37 cents, or 0.55 per cent, to $71.49 a barrel at 1050 GMT after jumping 3.7 per cent on Tuesday

By Chinyere Joel-Nwokeoma It is no longer news that oil price shocks have negatively impacted the countrys revenue over the years. The dwindling revenue from oil was compounded by the coronavirus pandemic, hence the managers of the economy had to creatively think of how to boost the countrys revenue for growth and development. The federal [] The post Harnessing Non-oil Exports to Diversify Nigerias Revenue appeared first on Daily Asset Online .

JAKARTA: Malaysian palm oil futures extended gains to a second session on Wednesday, tracking gains in rival oils and crude oil prices. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.16% to 4,435 ringgit ($1,054.70) in early trade. On Tuesday, it gained 2.21% in its best session in two weeks, buoyed by concerns of harvest being disrupted by floods in Malaysia and an import tax cut by key buyer India. The contract gained 0.48% in overnight trade. Fundamentals Dalian''s soyoil contract for May delivery rose 1.78% while its palm oil contract gained 2.22%. Soybean oil prices on the Chicago Board of Trade for May delivery were up 0.39%. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices rose again as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth.

Azerbaijan exported 25.5 million tons of oil worth $12.2 billion in January-November 2021, the State Customs Committee has reported.

Risk appetite has returned as some governments resist imposing lockdowns to curb the spread of the Omicron Covid-19 variant

Yen dropped broadly overnight as US stocks rebounded and stays soft in Asian session. Canadian Dollar also pare back some losses as WTI crude oil recovered back above 70 handle. But overall markets are generally mixed in holiday mood. Euro is currently the strongest for the week, followed by Kiwi and Sterling. Yen is the [] The post Yen Weakens as Stocks and Oil Rebound appeared first on Action Forex .

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on December 22 were left unchanged again, leaving petrol price in Mumbai near Rs 110 per litre.

The invitation to developers comes as officials under Democratic President Joe Biden promote renewable wind and solar power on public lands and offshore to reduce greenhouse gas emissions that are warming the planet. That''s a pronounced change from Republican President Donald Trump''s emphasis on coal mining and oil and gas drilling.

United States API Weekly Crude Oil Stock declined to -3.67M in December 17 from previous -0.815M

The inventory data from the private survey is out now, official data follows Wednesday morning (US time)

Wall Street recouped losses on Tuesday after a bruising session the previous day, with oil prices also gaining as investors sought riskier assets despite surging Omicron COVID19 cases around the world.

Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows. As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent (boe) and, with no major finds announced so far this month, the industry is on course for its worst discoveries toll since 1946. This would also represent a considerable drop from the 12.5 billion boe unearthed in 2020. Liquids

Nomination de Zrinka Dekic et départ d’Ève Laurier Nomination de Zrinka Dekic et départ d’Ève Laurier

Appointment of Zrinka Dekic and departure of Ève Laurier Appointment of Zrinka Dekic and departure of Ève Laurier

The National petroleum authority says fuel price hikes will be minimal next year Prices of petroleum products in Ghana in the first pricing window of the year 2022, which is January, are expected to be stable with minimal increment, the National Petroleum Authority (NPA), has said. The authority attributed this to the current 3% increment of crude prices in