United States Oil Fund, LP ETF News

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 []

Oil marketing companies have kept prices of diesel and petrol unchanged across major Indian cities on Tuesday.

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 .

December 13, 2021 – Reuters Western Canada Select heavy blend crude for January delivery in Hardisty, Alberta, last traded at $16.55 per barrel below the WTI benchmark, according to NE2 Canada Inc, having settled at $16.70 per barrel below the U.S. crude benchmark on Friday. Strong throughput on the Enbridge Mainline system is helping offset reduced capacity … Read more

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.

PETALING JAYA: The building and construction industry has urged the government to intervene to manage the steep rise in building materials prices in the recent month, according to a joint statement by seven organisations and associations from the industry. In the statement, they highlighted that the rise in material prices has resulted in a 13-20% increase in cost of doing business. citing that prices of some items such as mild steel and sand have jumped up by 41% and 20% respectively, since October 2020. This situation has put companies already dwindling profit margins (if any), under pressure, they said. They observed a surge in raw material cost, shortage of foreign workers, rise in logistics cost, an upward trend in crude oil prices and a rising energy cost as the major factors contributing to this phenomenon. We are very worried that if these issues are not given urgent attention, the industry will suffer further and subsequently would adversely impact our sector and the country economic growth, said the joint statement by Master Builders Association Malaysia, Real Estate and Housing Developers Association Malaysia, Persatuan Kontraktor Melayu Malaysia, Persatuan Kontraktor Bumiputra Malaysia, Guild of Bumiputra Contractors Wibawa, the United Malaysia Contractors Association and Persatuan Kontraktor India Malaysia.

The volume of investments in Azerbaijans oil and gas sector decreased by 8.7 percent in January-November 2021, the State Statistics Committee has reported.

Irans draft budget for the next calendar year, which starts on March 21, 2022, is based on an oil price of $60 per barrel

Both major oil benchmarks consolidated last weeks mini-rally with rising inflationary pressure in the US and increasing Omicron optimism.

As the global recovery gains strength, the surge in prices has led to record high prices of petrol and diesel in India. Rising crude oil costs, combined with increased taxation, have contributed to…