United States Oil Fund Lp ETF News

We are bullish on stocks and beaten-down high-growth tech names in particular. Read more to to know my list of these three ETFs to buy now.

OPEC + Russia crude exports are up month-over-month. Read more to see why we still believe oil and energy stocks are in the correction/consolidation phase.

A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said.

The supply loss would be far greater than an expected drop in demand of one million bpd triggered by higher fuel prices, the IEA said in a report on Wednesday

Diesel prices in Northern Ireland have fallen slightly, with the highest price falling by 4p a litre to 182.9p.

Dow Jones futures dropped Thursday following Wednesday''s stock market surge. U.S. oil prices jumped back near $100 a barrel.

The International Energy Agency warned energy markets could face “the biggest supply crisis in decades.”

Just like IOC, HPCL also bought Russian Urals crude through European trader Vitol, sources with knowledge of the development said.

Nigeria’s economy has continued to struggle to keep up to its title ‘Africa’s largest economy’ with its dwindling oil production, low standard of living, and the rising cost of goods and services. From stabilising its oil production which is the country’s largest source of revenue to keeping its foreign reserve afloat to strengthening its weak naira, the country has a long way to go with having the strong economy it desires. Here are seven charts that shows the Nigerian economy struggles; Crude oil has been accelerating since November 2021 when it was an average of $67.57 and it has since then increased to an average of $95.22 for the month of February. Petrol-dollar economies like Nigeria anticipate an increase in price as this means more money to fund their budgets. This however isn’t the case for Nigeria, Africa’s biggest economy, which has seen a decline in oil production over the past months. Nigeria, Africa’s largest oil producer has continued to see instability with its oil production.

Swiss Re said from July 2023, it would no longer provide individual insurance to oil and gas companies responsible for the world’s most carbon-intensive 10% of production

A report by State Bank of India (SBI) economists showed that the ongoing conflict between Russia and Ukraine might impact certain high-frequency indicators like financial markets, exchange rate and crude prices in the short term for India. However, amidst the negative clamour, the Indian economy could see a silver lining as it may have the opportunity to fill the vacuum in global trade due to the war. ET''s Sachin Dave and Kiran Kabtta Somvanshi explain.

The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly oil market report projected the world''s third-biggest energy consumer to add 0.39 million barrels per day (bpd) of crude oil demand in 2022.

https://www.investing.com/analysis/oil-an-array-of-events-could-still-drive-price-swings-volatility-what-to-watch-200620229

India''s oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth. But, this was below pre-pandemic levels. Oil demand in 2018 was 4.98 million bpd, which rose to 4.99 million bpd in the following year before the pandemic struck.

Sanctions on Russia have prompted many companies and countries to shun its oil, depressing Russian crude to record discount levels