United States Oil Fund Lp ETF News

Saudi Arabia is considering a move off the American dollar and onto the Chinese yuan when it comes to oil sales, according to media reports citing the Saudis’ growing anger with the Biden administration. Well, there goes America the Financial Great. Since World War II’s end, America has been the …

Progressives are concerned that high gas prices are worsening inequalities, creating tension between activists who want Democrats to do more to condemn big oil and those trying to navigate Russia’s deadly invasion of Ukraine. Some on the left…

Oil prices rise Thursday but remain below $100 a barrel.

The price of Oman oil on Thursday witnessed a decrease of $1.60 US compared to Wednesday The post Oman oil price falls by $1.60 appeared first on The Arabian Stories News .

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed concern that the divestment of oil assets by International Oil Companies (IOCs) operating in Nigeria may lead to job losses. “We will not fold our arms and allow mediocre to take hold of our national assets and ruin the fortunes of future […]

A day after the Fed hike, stock futures pointed to a struggle for Thursday, with Ukraine violence and higher oil prices in the spotlight.

Saudi Arabia and UAE, which are among just a handful of producers with spare capacity, have snubbed Western calls for more crude.

The United States and Britain are ramping up pressure on Saudi Arabia to pump more oil and join efforts to isolate Russia, while Riyadh has shown little readiness to respond and has revived a threat…

Pakistan''s anti-corruption watchdog the NAB has initiated proceedings against retired four-star General Ahsan Saleem Hayat and senior officials of a logistics organisation after an ex-Army officer accused them of running an illegal crude oil business that caused a loss of Rs 20 million per day to the national exchequer.

It said India is particularly vulnerable to high oil prices, given that it is a large importer of crude oil.

President Muhammadu Buhari has apologised to Nigerians for the inconvenience caused by the prolonged shortage of petrol and other petroleum products. https://t.co/GMfSrNRxlE pic.twitter.com/buCrlWe7HF — Presidency Nigeria (@NGRPresident) March 16, 2022 The President made this plea on Wednesday via a statement by Garba Shehu, his Senior Special Assistant on Media and Publicity. He said his administration had successfully averted such a problem in its seven years in office. “The administration knows the fuel shortage has placed a strain on Nigerian citizens and businesses, but relief is on the way. Continue reading “Sufficient Fuel Supply Has Returned To Some States” – Buhari at BizWatchNigeria.Ng.

Oil prices climbed after the International Energy Agency (IEA) said markets could lose three million barrels per day (bpd) of Russian crude and refined products from April.

Residents return to flood-damaged homes in Broadwater expecting to find them caked in mud and smelling of mould. Instead, it''s worse — they are covered in fuel and oil.

Australia''s heavy sweet Vincent crude cash differentials plunged due to a reduction in its flash point following the resumption of the Cimatti oilfield in the Greater Enfield project, making the crude unsuitable for low sulfur fuel oil blending, market sources told S&P Global Commodity Insights March 17. The fuel oil rich Vincent crude, which typically has a gravity of 19…

The Australian’s Washington Correspondent Adam Creighton says “we don’t know how bad” US inflation is going to get - after it hit the highest it''s been in 40 years. The US Federal Reserve announced a quarter-point rate hike, the first since 2018, to combat inflation. Mr Creighton said the Federal Reserve hopes the rate hike strategy will be enough to counteract the rising inflation. “We really don’t know how bad it’s going to get yet, I mean, it could get extremely bad, and they may have to actually hike rates mid-meeting,” he told Sky News Australia. “So, the level of uncertainty is just huge right now.” He said inflation is a “huge headache” for the Federal Reserve, and with the added pressure from the Russia-Ukraine war and increase in petrol prices, it could lead to many months of inflation, with the possibility of it surging past double digits.