Uscommodity 12 Month Oil Etf ETF News

Consumers have been spared from record-high fuel prices after the State opted to keep pump prices unchanged for the third month running and compensate oil marketers. Despite the increase in the landed costs, the applicable pump prices for this cycle have been mainta Read More » By Patrick Alushula | 2 hours ago Source: The []

Putin''s Coup In India Will Shock The US Authored by Simon Watkins via OilPrice.com, Russia last week announced a major new energy cooperation deal with India that threatens the very core of the U.S.s fightback strategy against Beijings and Moscows expansionism in the Middle East and beyond . The main hydrocarbons deal will be for Russia, via oil giant Rosneft, to supply almost 15 million barrels of crude to Indian Oil, by the end of 2022. Given the massive geopolitical ramifications of any sizeable oil deal, it was entirely legitimate for Igor Sechin, Rosneft chief executive officer and close friend of Russian President, Vladimir Putin, to say of the deal that: The signing of a new oil supply contract confirms the strategic nature of the long-term partnership between Rosneft and Indian Oil. The deal takes on even more significance as it was just one part of 28 investment deals between Russia and India signed during the very recent visit of Putin himself to Indian Prime Minister, Narendra Modi.

Just before Diwali this year on November 4, the government slashed the excise duties on petrol and diesel by Rs 5 and Rs 10 a litre, respectively.

The surge in COVID cases is set to temporarily slow the recovery in global oil demand, but the impact of the Omicron variant will likely be more muted than previous waves and will not upend the current demand recovery, the International Energy Agency (IEA) said on Tuesday. The recent spike in COVID cases is set to slow demand recovery in the coming weeks, with jet fuel demand most affected, the IEA said in its latest Oil Market Report for December. Due to new restrictions on international travel, the IEA revised down slightlyby

Dec 14, 2021 (Bloomberg) Oil held steady as the International Energy Agency said the global oil market has returned to surplus with the omicron variant curbing international travel.Brent crude futures were near $74 a barrel, paring earlier gains, as the Paris-based IEA which advises major economies said that rebounding supplies from numerous producers are creating a Read more

NEW YORK, Nov 9 (Reuters) – Oil prices have soared to seven-year highs as the global economy has recovered, and driven the U.S. retail gasoline cost to $3.42 a gallon, the highest in seven years. The White House has said it has steps it can take to address the rising costs for consumers, but its … Read more

Asian Stocks Lower as Omicron Circulates – Fed Decision Asian stocks lower as Omicron circulates – Fed decision – shares mostly fell. Accordingly, the price of oil has entered a phase of decline. The release of the Omicron option has shocked investors; who are already facing central bank decisions this week, including the Federal Reserve’s […] The post Asian Stocks Lower as Omicron Circulates – Fed Decision appeared first on FinanceBrokerage .

WASHINGTON (dpa-AFX) - Oil prices were little changed near $75 a barrel on Tuesday as the arrival of Omicron coronavirus variant, reported in more than 60 countries, forced market participants to

Nigeria has regained the top spot among crude oil producing countries in Africa with the nations crude oil production averaging 1.27 million barrels per day in November. The Organisation of the Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December on Monday. For almost a year, specifically between October 2020 []

The Commander of NNS Soroh, Commodore Patrick Effah, revealed this at a press briefing on Monday in Akassa. The post Navy arrest 20 suspected crude oil thieves in Bayelsa State appeared first on The Eagle Online .

LAHORE: In the upcoming local government elections in Punjab, the Pakistan Tehreek-e-Insaf (PTI) is considering three names for the slot of Mayor of Lahore including Federal Energy Minister Hammad Azhar and Punjab Housing, Urban Development and Public Health Engineering Minister Mahmood ur Rasheed and Senator Waleed Iqbal. Sources in the party told Business Recorder on Monday that Mahmood-ur-Rasheed has a slight edge over other potential candidates. “He is a senior politician and knows all the complexities of local government elections and its dynamics. Hence, the PTI organisers in Lahore believe that he can be the winning horse,” they added. It may be mentioned that he has been in politics since the 1980s. Before joining the PTI, he was an active member of the Jamaat-e-Islami. Previously, he was an MPA from 1988 to 1993 and again from May 2013 to May 2018. He served as the Leader of Opposition in the Punjab Assembly from June 2013 to May 2018. “Federal Energy Minister Hammad Azhar,” they said, “is also a strong candidate.

New Delhi, December 13 Retail inflation inched up to a three-month high of 4.91 per cent in November, mainly due to an uptick in food prices, government data showed on Monday. The Consumer Price Index (CPI) based inflation, however, remained within the comfort zone of the Reserve Bank of India. The government has mandated the central bank to keep the inflation at 4 per cent (+/- 2 per cent). The annual CPI inflation was 4.48 per cent in October 2021 and 6.93 per cent in November 2020. It had eased from 5.3 per cent in August to 4.35 per cent in September and then moved up to 4.48 per cent in October. As per the data released by the National Statistical Office (NSO), inflation in vegetables segment was negative on a yearly basis. However, it was on the higher side as compared to the preceding month. The rate of price rise in the ''oils and fat'' segment was 29.67 per cent year-on-year. The inflation was, however, lower in November over October. On the other hand, inflation in the fruit basket was higher in November over the preceding month.

Saudi Arabia boosted its revenue forecast for next year, with higher oil prices and production volumes poised to deliver the first budget surplus in eight years and the fastest economic growth since 2011.

The spread of the new omicron coronavirus will not have a significant impact on the rate of oil consumption, TASS quotes OPEC''s December report, Report informs.

The Daily Kos Elections Morning Digest is compiled by David Nir, Jeff Singer, Stephen Wolf, Daniel Donner, and Carolyn Fiddler, with additional contributions from David Jarman, Steve Singiser, James Lambert, David Beard, and Arjun Jaikumar. Leading Off MD Redistricting : Want to know why Maryland Democrats pulled their punches when it came to targeting the state''s lone Republican congressional seat? Slate''s Jim Newell has an excellent new piece detailing which politicians were obstacles to an 8-0 Democratic map, and why. At the top of the list are Rep. Jim Sarbanes and Kweisi Mfume. Sarbanes, as the lead sponsor of H.R. 1, the bill to ban congressional gerrymandering nationwide, was reportedly reluctant to support a maximalist map that would ensure Republican Rep. Andy Harris would lose re-election. Maryland''s new map, however, is still very much a Democratic gerrymanderhalf-hearted though it may beso it''s not as though Sarbanes can pitch himself as above the partisan fray, especially since he declined to criticize the map after it passed.