Uscommodity 12 Month Oil Etf ETF News

Iran will become a gasoline and gas oil importer in the next two or three years due to strong domestic consumption, oil minister Javad Owji said, the oil ministry''s news service Shana reported on Feb 6. Domestic refinery capacity is set to increase by around 200,000 b/d within two or three years, he said. "We have signed contracts for an

President Muhammadu Buhari had on Jan. 25 approved 18-month suspension of the removal of fuel subsidy, following consultations with stakeholders in line with the current economic realities in the country. The removal of subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, was earlier scheduled to take effect from July 2022. According to Chief []

President Muhammadu Buhari had on Jan. 25 approved 18-month suspension of the removal of fuel subsidy, following consultations with stakeholders in line with the current economic realities in the country. The post Analysing the retaining, removal of Nigerias oil subsidy appeared first on The Guardian Nigeria News - Nigeria and World News .

Global oil stocks are at "worrisome" levels as waning OPEC+ spare capacity is expected to reach an alarming degree by next year amid higher crude demand outstripping supply, the head of Vitol Asia said on Feb. 6. "Demand is currently making the headlines and supply is the problem," Mike Muller told the Gulf Intelligence daily energy markets podcast. "Inventories continue

Demand for oil is likely to be higher and supply lower than forecasts suggest.

Oil prices are on course toward $100 a barrel following cyberattacks on European storage sites and the US Arctic blast Read Full Article at RT.com

If Nigeria can overcome its production issues, it might earn N66 billion per day from oil, the highest it has in the last seven years. The prospect of |

YENAGOA A fresh oil spill has been reported at the Oil Min­ing Lease (OML) 59 op­erated by Conoil Produc­ing Limited around the Angofield, near Tamazu settlements in Koluama Clan in the Southern Ijaw Local Government Area of Bayelsa State. It was gathered that the spill incident occurred from the indigenous oil firms wellhead 1 []

Abu Dhabi National Oil Co. set the March official selling price for its flagship Murban crude oil at $85.11/b, up $10.75/b from $74.36/b for the February OSP, the company said in a Feb. 4 pricing letter. The increase in the Murban OPS comes after OPEC+ decided on Feb. 2 to hike its oil production ceiling by 400,000 b/d for March

The Civil Society Group for Good Governance (CSGGG), yesterday, in Abuja, raised concerns over the payment of N3t subsidy on petrol, as well as the sorry state of the nations refineries. The post Group raises concerns over N3t subsidy, rehabilitation of refineries appeared first on The Guardian Nigeria News - Nigeria and World News .

Chief Martin Onovo is a former presidential candidate of the National Conscience Party (NCP) and currently Head, Policy Positions, Movement for Fundamental Change (MFC). In this interview with EJKEME OMENAZU, Onovo, a petroleum engineer, speaks on the Federal Governments suspension of the removal of petroleum subsidy, among other crucial issues. Excerpt: What is your take []

By Marco Aquino LIMA, Feb 5 (Reuters) – Peru’s environmental inspector, responding to fuel supply shortages, on Saturday authorized temporary resumption of hydrocarbon loading and unloading operations at sea at a refinery…

Multiple oil transport and storage companies across Europe are dealing with cyber-attacks. Information Technology systems have been disrupted at Oiltanking in Germany, SEA-Invest in Belgium and Evos in the Netherlands. According to BBC, in total dozens of terminals with oil storage and transport around the world have been affected, with firms reporting that the attacks Read More

The average price of a gallon of regular gas in the Garden State is $3.44, up 3 cents from last week.

Several of U.K. Prime Minister Boris Johnsonandapos;s top advisers resigned amid the scandal over lockdown parties. Plus, some European oil facilities have been hacked and rescue efforts in Morocco continue after a child fell in a well. CBS News foreign correspondent Chris Livesay joins …