United States Oil Fund Lp ETF News

https://www.investing.com/news/commodities-news/oil-down-as-ukraine-conflict-talks-continue-covid-cases-rise-in-china-2784567

From July the federal government will require fuel importers to maintain minimum levels of petrol, diesel and jet fuel — but despite advice from his own department, the Energy Minister denies it will push petrol prices up further.

Crude oil futures opened lower in Asian morning trades March 15 amid hopes of progress in Russian-Ukraine peace talks and as surging coronavirus cases in China shook investor confidence. At 11 am Singapore time (0300 GMT), the May ICE Brent futures contract was down $3.81/b (3.56%) from the previous close at $103.09/b, while the April NYMEX light sweet crude contract…

Crude oil has taken a chill pill from its sharp uptrends. Will oil weakness lead to CAD/JPY reversing from its March highs?

During an interview with CNBC released on Monday, Deputy Treasury Secretary Wally Adeyemo argued that there’s no contradiction between the Biden administration telling oil companies to produce more while also saying that we’re going to move away from fossil fuels and

Oil prices fell and European stocks rose on Monday as investors weighed positive comments from ceasefire talks between Russia-Ukraine, while US Treasury yields hit two-and-a-half year highs

The Nigerian Export Promotion Council (NEPC) has commenced a review of its Zero Oil Plan (ZOP) as part of the country’s aspiration to diversify its revenue sources. The post NEPC reviews zero oil plan, corporate strategy appeared first on The Guardian Nigeria News - Nigeria and World News .

By Yuka Obayashi TOKYO (Reuters) – Oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in COVID-19 cases.

Ukraine’s large-scale and vibrant tillage farms are normally preparing to seed as the ground begins to thaw at this time of year.

China, Oil, & The Ukraine War Authored by Peter Zeihan via Zeihan.com, Russia is finding it increasingly difficult to sell its oil in Europe and other traditional markets, as a mixture of sanctions, market pressures and consumer choice are shifting against Moscow. It’s not that Russia is barred against selling oil. It’s that shippers, insurers, and dock workers don’t want anything to do with the stuff. So where does it go? There is a persistent question – and at times, assumption – that Beijing will step in to buy up whatever crude Russia can’t sell elsewhere. Not so fast. The problem is infrastructure. The pipelines that carry oil to Russia’s Pacific loading terminal, and directly into China itself, source their crude from eastern fields. Russia’s western exports are sourced from western fields. There’s precious little in the way of connecting infrastructure between the two–meaning if Russia can’t load tankers in the Baltic and Black seas, there’s little reason to pump it at all. What does this mean for Chinese imports of Russian crude?

Move comes as similar oil tanker delivery turns back from the United States

Inflation recently reached a four-decade high in the U.S., spiking around the world as well. Oil and gas prices have recently surged because of Russia’s invasion of Ukraine, putting further pressure on prices. Consumers are feeling pain at the pump and in the supermarket, but the effects are not felt equally worldwide. Prices of everyday […]

Russian leader has exploited our need for his country’s oil and gas for too long. We need to take back control

U.S. shale oil production in the seven most prolific shale basins are set for their biggest rise since March of 2020, according to new EIA data. The Energy Information’s Drilling Productivity Report is estimating that the total production in the seven major U.S. shale basins will rise by 117,000 bpd next month, to 8.708 million bpd, according to the EIA’s latest version of the Drilling Productivity Report. The news comes as U.S. crude oil production finds itself in the spotlight as to the reasons they are not producing more. Regardless…