Uscommodity 12 Month Oil Etf ETF News

The UAE, OPEC''s third biggest crude producer, said it is committed to meeting India''s energy demand as the growing oil consumer seeks to secure supplies with prices surging to near $100/b. The commitment to supplying India is included in the Joint UAE-India Vision Statement, which follows the signing of the India-UAE Comprehensive Economic Partnership Agreement on Feb. 18, according to

DUBAI, Feb 20 (Reuters) - Saudi Arabia''s crude oil exports in Dec fell to 6.937 million barrels per day from 6.949 million bpd in Nov, official data showed on Sunday. Monthly export figures are provided by Riyadh and other members of the

By Philip Clement, Abuja Dr. Ezra Yakusat, Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC) has enjoined Nigerians to embrace the export efforts of the federal government to improve economic growth and development. Yakusat stated this in Abuja on Saturday during a walk to create awareness about the economic importance of export, said the export of products, is the way for economic survival. Speaking about the significance of the Walking and Jogging exercise with the theme,Export4Survival, Yakusat explained that it has become an emergency call for Nigerians to embrace the export of products. If we want economic empowerment, foreign exchange, poverty alleviation, we need to export. That is the way to go. Export for Survival is an emergency call for all Nigerians to export. He assured that the NEPC was working assiduously to create an enabling environment for exporters, adding that the Council is currently working on the enactment of enabling laws to drive export.

Al Jazeera English published this video item, entitled "Peru oil spill leaves jobless fishers in despair" - below is their description.

Participants would be keenly tracking the geopolitical developments regarding Russia-Ukraine tensions, which have been weighing on global sentiment for the past few weeks

Motorists in Iraq''s main northern city of Mosul queued for hours on Friday to fill up their cars with petrol, with authorities blaming shortages on smuggling to the nearby Kurdistan region.

Oils relentless march toward triple figures has already prompted political action from incumbents. India cut retail taxes on gasoline and diesel in November and theres been an unofficial freeze on prices since.

U.S. President Joe Biden will meet with the National Security Council on Sunday, the White House announced Saturday as it reaffirmed that Russia could launch an attack against Ukraine at any time, White House press secretary Jen Psaki said. Psaki said Biden was briefed Saturday on Vice President Kamala Harris meetings at the Munich Security Conference. Harris met Saturday with Western leaders, among them NATO Secretary-General Jens Stoltenberg, European Commission President Ursula von der Leyen, and German Chancellor Olaf Scholz, as well as Ukrainian President Volodymyr Zelenskiy. Russian President Vladimir Putin presided over military drills Saturday as shelling escalated in eastern Ukraine. Observers from the Organization for Security and Cooperation in Europe reported more than 1,500 cease-fire violations in east Ukraine on Saturday, the highest single-day number this year. Russias defense ministry said Saturdays exercises, which the Kremlin says were previously planned to check readiness, involved practice submarine launches of intercontinental ballistic missiles, with Putin and the president of Belarus looking on. Poised to strike Saturday, U.S.

The queues are long-winding and tortuous. The crowds of fuel-seekers are agitated and visibly angry. The attendants at the few fuel filling stations are ever-ready to attend mostly to the highest bidders, ready to part with some extra cash. Not long after, the jostling for the much-needed fuel degenerates into bloody fisticuffs, as verbal missiles are exchanged more freely than bullets at the battle-field. Valuable man-hours are wasted and lost, but who really cares. At least, not right here and now in Nigeria. With all these scandalous scenarios unfolding in a country where crude oil was reportedly discovered in commercial quantity, precisely in Oloibiri, Bayelsa state some 66 years ago, it elicits no arguments when it is described as more of a curse than an economic cure. Or how else can any sane citizen explain that the host communities have had to bear the brunt of gross environmental degeneration; with oil spillage that has stifled out fishing and farming activities and carbon-monoxide fumes that have choked lives out of not a few residents.

Cleanup crews from Hydro One are continuing their work at the Don River on Saturday after an oil spill from one of its transmission sites a day earlier leaked into the river.

Biden Administration Pushes For Even More "Climate Roadblocks" For Upcoming Oil And Gas Projects Having apparently learned nothing from oil prices skyrocketing out of control, President Biden is now intent on adding even more "climate roadblocks" to upcoming oil and gas projects in the United States. The administration has "altered the official federal policy on approving new interstate natural gas facilities and pipelines, requiring a climate consideration", according to The Daily Signal . Biden''s cabinet prompted the Federal Energy Regulatory Commission to begin to undertake a robust consideration of the environmental impacts of fossil fuel projects seeking approval in the United States. Meanwhile, oil continues its ascent to $100/barrel. The agency said that projects that cause 100,000 metric tons of carbon dioxide per year will be recognized as having a "significant impact" on the environment. It also said that, during the approval process it may now "consider the eventual emissions caused by both upstream production and eventual burning of gas transported in a pipeline requiring approval." FERC Chairman Rich Glick commented: I believe todays long overdue policy statements are essential to ensuring the Commissions natural gas siting decisions are reflective of all stakeholder concerns and interests.

LONDON: Oil prices ended the week mixed as investors weighed a potential supply disruption resulting from the Russia-Ukraine crisis against the prospect of increased Iranian oil exports.Brent crude futures settled 57 cents, or 0.6 percent, higher at $93.54 a barrel, while U.S. West Texas

Russia''s military buildup around Ukraine''s border is stoking fears about its potential impact on the economy of import-reliant Japan amid speculation a Russian invasion may further pressure elevated crude oil and commodity prices. The Ukraine crisis has also brought uncertainties to Tokyo''s stock market, with some brokers expecting a Moscow-led offensive to send the benchmark Nikkei Stock Avera

Fundamentals and geopolitics have pushed oil prices rallying by 20 percent so far this year to levels last seen in the autumn of 2014. The price at over $90 a barrel is up by more than 60 percent from this time last year, and many analysts say that $100 oil is now a matter of when, not if. Oil majors and oil-producing countries part of the OPEC+ alliance have seen the benefits of rallying oil prices with huge cash flows and profits, and government oil revenues, respectively. While these handsome benefits of the high oil prices

In recent weeks, geopolitics experts and strategic thinkers in India have been focused on what the military standoff in Ukraine will mean for India. In addition to a potential increase in oil prices, the conversation