United States Oil Fund Lp ETF News

Washington Post contributor Jennifer Rubin lambasted voters for disapproving of Biden’s handling of gas prices while supporting the ban on Russian oil.

The Prime Minister is expected to head to the Kingdom in the coming days for a meeting with Mohammed bin Salman. It comes as fuel prices at the pumps have reached record levels, topping £1.60 a litre for petrol and £1.70 for diesel, according to the RAC’s latest figures. Although Downing Street insists the trip […] Boris Johnson seeks mega oil deal with Saudis to ‘replace’ Russian energy

Hedge Fund CIO: The Golden Era For Central Banking Is Ending And A Global "Great Famine" Is Coming By Eric Peters, CIO of One River Asset Management “Defending freedom is going to cost,” declared President Biden, announcing an import ban on Russian oil. And no doubt our Commander-in-Chief is right. Everything we do comes at a cost. The goal in peacetime, of course, is to engage in activities where the beneficial returns exceed the price of our inputs. War is no such pursuit. Everyone loses. The victors simply suffer less than the vanquished. In Europe’s last major conflict, the Allies defeated Germany. Russia’s victory cost it 20-40 million lives and economic devastation, a cost indelibly etched into Russia’s psyche. War forces us to determine what we are willing to pay for the things we most value. Afghanistan’s puppet regime was unwilling to pay a penny when attacked by the Taliban. Putin expected the Ukrainians to be similarly stingy. His gross miscalculation has raised costs of this conflict, drawing us all into Europe’s latest senseless war.

Analysis: Disputes with Biden administration mean Riyadh and Abu Dhabi are likely to drive hard bargain for increased output

With a federal election looming, some Coalition MPs say the Prime Minister and Treasurer should consider cutting or pausing the fuel excise — currently more than 44 cents per litre — to reduce cost of living pressures on Australians.

EV demand, which grew over 130% in 2021, is set to rise further as retail fuel prices follow the global crude price hike

India and sanctions-hit Russia are exploring the possibility of using China’s yuan as a reference currency to value the rupee-ruble trade mechanism, two Indian government officials aware of the development said.

President Biden is finding himself in a dilemma as the need for greater oil production is clear, with global energy security under threat. But greater development poses the risk of environmental disaster. Alaska’s oil industry is fighting to stay alive, with the potential to carry out more exploration and production operations in the coming years. But local communities and environmentalists across the U.S. are pleading with Biden to stop oil operations due to their impact on the environment. Last week, the Wall Street Journal warned…

The shock to the global financial system from the Russia-Ukraine war is potentially undermining climate change legislation in California.

Rosneft said the company expects its partners to honour their contractual obligations at a time when global geopolitical tensions following Russia’s invasion of Ukraine have spilled over into the business scenario raising uncertainty over future Indian investments in the Russian energy sector

The group said they were demanding an ‘end to new fossil fuel projects in the UK’.

SENATE Minority Leader Franklin M. Drilon sees no need to grant Malacañang “emergency powers” to deal with the…

A Just Stop Oil protest has taken place near the red carpet for the Bafta film awards.

The crude shock can turn into a nightmare for both the government and the RBI

The former director of national intelligence argues that the Biden administration is andapos;willing to cut a deal with a terrorist regimeandapos; and use andapos;Russian bad actorsandapos; to negotiate with Iran in an attempt to bring down oil prices.