USCommodity 12 Month Oil ETF News

Iran said on Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe. The comments by Iran''s oil minister, Jawad Owji, came after US court documents showed the United States had seized the cargo of two tankers accused of […] The post Iran says US has failed to stop oil exports appeared first on The Guardian Nigeria News - Nigeria and World News .

The US and UK ban Russian oil, as the EU plans to drastically shrink its reliance on gas from Russia.

Iran oil minister said on Sunday that US seizure of Iranian tankers in recent months hasn''t stopped the sanctions-hit country from increasing oil e

Iran said on Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe.

The West is scrambling to slash its energy ties with Russia as it persists with its brutal invasion of Ukraine. The UK has now committed to phasing out oil imports by the end of the year. And the EU’s plot to slash Putin’s oil and gas was detailed in its new energy strategy was published […] Energy crisis: PM handed ‘cake and eat it’ plan to CUT Russian ties and slash home bills

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $1.92 on Mar. 11 compared to the previous price, settling at $116.64 per barrel, Trend reports referring to the source from the country''s oil and gas market.

A lot of money can be made by moving crude from the country, but the invasion of Ukraine has raised fears of tankers getting stuck at ports

The price of a barrel of Azerbaijan''s Azeri LT CIF oil in the world market has decreased by $1.912 or 1.6% to $116.64 per barrel, Report informs.

Mohsen Khojasteh Mehr, head of the National Iranian Oil Company (NIOC), has said that his country is ready to supply the required oil for the world market and stabilise prices.

Domestic market began the week in a bearish mood, but appeared to be regaining lost ground as tensions between Russia-Ukraine began to de-escalate. While the worst may seem to be over, a prolonged rise in inflation could be lurking around the corner as multiple sanctions placed on Russia have sparked an unbridled rally in commodity prices. India, though is better equipped, is certainly not immune to these events. According to third-quarter GDP statistics, Indian industry grew at a tepid rate, mainly attributed to sluggish domestic demand. Slower government investment and weak rural demand hampered growth, with agriculture being a key dragger as it recorded the lowest growth over the previous 11 quarters. In fact, as a huge portion of our population is battling with stagnating or decreasing incomes and rising living costs, the present visible private demand is emanating from the top of the pyramid. This, coupled with sustained high inflation, may indicate the evolution of a stagflationary situation where the economic growth momentum slows.If the un-abating rise in commodity prices were to go on, it would force the companies across sectors to pass on some hikes to the end consumer in order to protect their margins.

President Biden continues pandering to dictators in search of oil imports to hold fast to his promise to pro-climate movement not to speculate for energy at home, Sean Hannity said Friday in his opening monologue.

Oil prices may have exhausted this week with WTI marking the largest weekly loss since November. The technical trade levels that matter on the Crude weekly chart.

Organisation of Petroleum Exporting Countries (OPEC) has warned that the continuous push against hydrocarbon may threaten the future of crude oil and gas reserves in Africa. The post Africa’s 125b oil reserves at risk – OPEC appeared first on The Guardian Nigeria News - Nigeria and World News .

U.S. Highlights It was another volatile week across global financial markets as the recent surge in commodity prices stoked fears of an inflationary spiral. Sentiment improved through the latter half of the week, allowing global equities to pare losses. Oil remained a focal point, with WTI briefly touching $128 per-barrel on Tuesday following President Biden’s […] The post The Weekly Bottom Line: Looking Through the Turmoil, Ready for Lift-off appeared first on Action Forex .

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