Uscommodity 12 Month Oil Etf ETF News

Some US lawmakers are seizing on the energy price surge to revive long-standing legislation that would subject the OPEC oil cartel to the same antitrust laws used more than century ago to break up Standard Oils monopoly, Report informs, citing worldoil.

India has reportedly rejected the latest call to release the strategic petroleum reserves made earlier this week by US President Joe Biden, who insists that the measure would temper rallying crude oil prices. The US administration reached out to some of the world''s largest oil-consuming states, including China, India, Japan, and South Korea, according to several people aware of the development, a

European stocks retreated from record highs, while government bond yields, oil prices and the euro tumbled on Friday as the specter of a fresh Covid-linked lockdown in Germany and other parts of Europe cast a fresh shadow over the global economy.

BEIJING, Nov. 19 (Xinhua) -- China will cut the retail prices of gasoline and diesel starting Saturday, the country''s top economic planner said Friday. The prices of gasoline and diesel will go down by 95 yuan (about 14.88 U.S. dollars) per tonne and 90 yuan per tonne, respectively, according to the National Development and Reform Commission. Under the current pricing mechanism, if international crude oil

BANDAR SERI BEGAWAN On-the-spot fines of up to $5,000 will be issued against businesses and individuals who flout public health guidelines during the COVID-19 transition phase, the government said a day before Brunei starts to gradually reopen its economy. Spelling out the penalties for COVID-related offences on Thursday, Health Minister YB Dato Seri Setia Dr Hj Mohd Isham Hj Jaafar said businesses found exceeding the 50 percent capacity limit will be imposed a $5,000 compound fine. Businesses that allow any unvaccinated or partially vaccinated individual to enter their premises will be fined $2,000 for each violation, the minister said in a press briefing. However, the compound fine is exempted for critical employees who work in isolation or with little social interaction, such as engineers in the oil and gas sector. In addition, individuals who have yet to take two vaccine doses will be fined $100 if they were found entering public venues. The government has also maintained the $500 fine for those who violate the 10pm to 4am night curfew during the transition phase.

According to the source, Gomeltransneft Druzhba restored standard oil pumping in the Gomel-Mozyr-Adamowo section of the transcontinental oil pipeline Druzhba at 12:13 on 18 November.

The oil and gas lease sale in New Orleans on Wednesday saw 33 companies submit bids totalling over $198 million.

Nov 18 (Reuters) Saudi shares eased in early trade on Thursday and were set for a weekly loss, tracking weaker oil prices, while other Gulf bourses traded mixed. Oil prices slid to near six-week lows as China said it was moving to release reserves following a Reuters report that the United States was asking The post Saudi shares fall on weak oil, set for weekly loss appeared first on Egypt Independent .

The world''s biggest oil importer, China, is working on a release of crude from strategic storages, Beijing''s reserve bureau said on Thursday ? a day after Washington''s suggested they jointly tap reserves to ease prices. "We are carrying out the work of releasing crude oil reserves. And for any details related to the releasing, we will put out a statement on our website," China''s National Food and

Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net longs last week by a furth

OSLO (Reuters) Oil and gas firms in Norway have increased their 2022 investment forecasts during the last three months as the industry prepares to take advantage of tax incentives designed to boost activity, a national statistics office (SSB) survey showed on Thursday.

Lukashenka regime adds some pressure on the hybrid eastern front? 1. Oil pipeline to Poland has been shut down due to an urgent 3-days repair. 2. Power unit of BY

by pinecarr From ZH, Heres Why Biden Was Forced To Beg Xi To Release Oil From Chinas SPR As we have detailed in depth over the past few days (here, here,

proceeds of the facility will boost tax revenues and foreign currency receipts and create thousands of jobs in the oil and gas refining value

The pressure from international organizations and governments to transition quickly away from fossil fuels is driving up demand for other natural resources dramatically. While the world focuses on leaving coal, oil, and gas in the past, as we invest heavily in renewables, one issue has been largely overlooked the hefty use of metals in renewable energy projects. As governments, international organizations, and environmental activists around the world ramp up the pressure for energy companies and consumers to switch from traditional energy