Invesco Db Oil Fund ETF News

JAKARTA: Malaysian palm oil futures fell on Monday, tracking weakness in crude and other vegetable oil prices amid fears surging Omicron cases globally would hurt demand. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 0.41% to 4,390 ringgit ($1,038.81) in early trade. It had plunged 8.2% last week in its worst performance since June, weighed down by disappointing export data for the first half of the month. Palm posts slim gain for the day, worst weekly loss since June Fundamentals Dalian''s soyoil contract fell 0.72% while its palm oil contract lost 1.66%. Soybean oil prices on the Chicago Board of Trade for May delivery fell 0.74%. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices slumped by about 2% as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.

Global oil prices on December 20 morning fell by 2% or more on uncertainty in demand for crude due to the situation unfolding around omicron variant of coronavirus

Asian stocks and oil prices slid as surging Omicron cases triggered tighter curbs in Europe and threatened to swamp the global economy into the new year

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There is a possibility of having to close down the Sapugaskanda oil refinery yet again due to a delay in a crude oil shipment, ''Mawrata'' reports. It adds that the Ministry of Energy has admitted that there has been a delay in placing the crude oil order due to the dollar crisis and 90 days are usually required for a shipment to arrive. Accordingly, the shipment is to arrive around Jan. 25, 2022 and therein rises the possibility of having to shut down the Sapugaskanda oil refinery yet again, the ministry has pointed out. (Source : Mawrata)

Two incidents of hurling of crude bombs were reported from Kolkata''s Sealdah & Khanna areas. TMC said strict action will be taken if any party leader was found to be involved in violence.

Okaywe know Guyana was shafted on the first (and still biggest) oil contract the PNC negotiated with the oil majors through its negotiation whiz (so he saidHarvards weekend course?) Raphael Trotman. And while some true believers are agitating for the contract to be renegotiated so wed end up with a bigger slice of the (oil [] The post Keeping it local in oil appeared first on Guyana Times .

WARRI The chairman of oil rich Odidi community in Warri South West Local Govern­ment Area of Delta State, Chief Johnny Aribogha has lauded the peace per­vading the area but warned that charlatans should not be allowed to disorganise the already peaceful co-ex­istence among the people. According to him, Odidi, a major oil producer in []

ISLAMABAD: Attributing the overstocking of furnace oil in the refineries and stoppage of work in the refineries due to the circular debt, the Federal Minister for Energy Hammad Azhar on Friday said that the furnace oil crisis would end in a few days as the government would give funds to the IPPs

The Paris-based IEA said in May that development of new oil, gas and coal sources must stop this year if the world is to meet emissions targets in line with the Paris Agreement

Although the pipeline agreement is likely to go ahead, the government decided to let the Environmental Protection Ministry limit the quantity of oil it lets Israel''s pipeline company transport

Insists Buhari Should Sign Electoral Act Amendment Bill Into Law ABUJA The Nigeria Labour Congress (NLC) has vowed to resist proposed plans by the Federal Government to increase the pump price of petrol by 2022. To this end, it has mobilised its members to standby for a nationwide protest from 27th January 2021. The []

Saudi Arabia in October increased oil production by 1.2% - to 9.780 million barrels per day against 9.662 million barrels per day in September. Report informs with reference to angi, in annual terms, the indicator increased by 9%.

Pakistan stocks ended the week on a positive note, with the benchmark KSE-100 Index inching up 0.39%, while volume and value of shares declined on Friday. The market opened on a negative note, shedding 174.59 points, with the index recording an intra-day low of 43,556.61. However, it managed to recover losses and jumped to day’s high of 44,003.75, up 272.55 points at the later part of the session. At close, the KSE-100 settled with a gain of 169.48 points or 0.39% to end at 43,900.68. On a weekly basis, the benchmark index gained 1.16%. The sectors pulling the benchmark index higher included banking (68.85 points), cement (62.27 points) and oil and gas exploration (32.46 points). Momentum fizzles out as KSE-100 decreases 636 points Meanwhile, volume decreased in Friday''s session, clocking in at 252.2 million on the all-shares index, down from 312.1 million on Thursday. The value of shares traded also declined to Rs8.05 billion, down from Rs10.12 billion. WorldCall Telecom carried the lantern of volume leaders with 29.22 million shares, followed by Hum Network Limited with 25.96 million shares, and Telecard Limited with 17.47 million shares.

(RTTNews) - Canadian shares may open slightly higher, tracking firm bullion prices. However, weak crude oil prices and the negative trend in European markets amid a rapid surge in new cases due to the Omicron variant of the coronavirus may hurt sentiment. With no significant economic data to provide direction, movements are likely to remain