Uscommodity 12 Month Oil Etf ETF News

Crude-oil futures on Thursday surge, driving prices above $100 for the first time since 2014, amid the Russia invasion in Kyiv

By Nina Chestney, Nigel Hunt and Pratima Desai

Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasion of Ukraine.

Meanwhile, PM Modi will meet FM Sitharaman and other officials today evening to discuss the economic impact of Russia-Ukraine crisis and ways to mitigate the impact of rising crude oil prices

LONDON — Mikhail Khodorkovsky, a former oil tycoon who fell foul of the Kremlin, said Vladimir Putin’s invasion of Ukraine was a betrayal of Russian interests and that the conflict was only started to keep Putin’s clan in power. “We need to be clear that it is Putin and his entourage who started the war […]

Data released by the Central Bank of Nigeria revealed that the quantity of foreign exchange used for the importation of petroleum products into the country fell to $1.04bn last year from $1.32bn in 2020. Importation of fuel into the country remains a major user of foreign exchange as the refineries in the country are not functioning. The nation’s forex reserves have been on a downward trend in recent months, falling to a low of $39.77bn on February 15, 2022, from $40.54bn at the end of last year. The data released by the apex bank disclosed that $45.76m was utilised in January 2021 for fuel imports; $64.67m in February, and $142.31m in March. Forex for fuel import transactions fell to $77.96m in April and $85.64m in May but rose to $86.42m in June. The country utilised $83.73m in July and $103.70m in August for petroleum products importation. The central bank further stated that $66.66m was used for fuel imports in September, $74.01m in October, $82.65m in November and $131.25m in December.

Shares of all oil and gas and energy companies were in the red as investors booked profits on Thursday amid a global sell-off triggered by Russia’s invasion of Ukraine.

https://www.investing.com/analysis/oil-jumped-after-russian-attack-but-3-factors-will-actually-drive-price-supply-200618660

The West Texas Intermediate (WTI) just hit a $100 per barrel mark, for the first time since July 2014. The post BREAKING: US oil hits $100 per barrel appeared first on Nairametrics .

Costs predicted to spiral from current record highs as conflict pushes up oil prices to eight-year high

Very recently I was asked by a professional colleague what was a simple, yet complicated question: why are there very few universities from Africa on the global university ranking? What are we doing wrong and how can we improve? Pondering on this further it occurred to be that Africa was once at the forefront of global education- in fact that the University of Sankoré-was founded in 989 AD in the country today known as Mali. Some historians argue that it is one of the earliest examples of what has become the institution we refer to as university. Others have pointed to institutions in Egypt and modern day Tunisia who have also existed long before global power-houses like Cambridge, Oxford, Yale etc. So, if Africa can clearly boast of some of these earlier institutions why are we doing not so well on the global ranking index? Whilst this is not an exhaustive list I consider the following to be ingredients to becoming and staying world-class. Have a world-class mind-set I believe one of the key things that must change before anything else is the mind-set!

Russia is the world''s second-largest oil producer, mostly selling its crude to European refineries. The post Oil hits $100 as Russia launches attack on Ukraine appeared first on Premium Times Nigeria .

Saudi Aramco shares surged as much as 4.2 percent to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked Ukraine.Brent crude topped $100 a

Govt keeping close tab on possible oil crisis due to Russia-Ukraine war, say sources

Oil tops $100 after Russian assault on Ukraine