United States Oil Fund Lp ETF News

Cairn Oil & Gas, a unit of Vedanta, will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive.

The president continues to insist he’s “enforcing the most significant package of economic sanctions in history” against Vladimir Putin’s regime.

Unusually high gas prices throughout the US and Canada has led to Uber tacking on a fuel surcharge to rides and deliveries, according to a blog post on the company’s website. This likely won’t surprise anyone who’s gotten behind the wheel recently. A rapid spike in crude oil and gas prices due to Russia’s invasion of Ukraine has made paying anywhere from $50 to $80 to fill a tank the norm. “We know that prices have been going up across the economy, so we’ve done our best to help drivers and couriers without placing too much additional burden on consumers. Over the coming weeks we plan to listen closely to feedback from consumers, couriers and drivers. We’ll also continue to track gas price movements to determine if we need to make additional changes,” wrote Uber spokesperson Liza Winship on the company’s website. Uber’s fuel surcharge will vary by state and by the amount of miles driven. For Uber rides, the fuel surcharge will be anywhere between $0.45 to $0.55 per trip. For Uber Eats deliveries, the fee will be between $0.35 to $0.45 per trip.

WELLINGTON, March 12 (Xinhua) -- Cars, boats and gallon bottles, New Zealanders were filling every tank with fuel before another big price hike tipped at the weekend. Petrol prices have already jumped up dramatically over the past month, which saw national average price of 91 petrol increase 11.8 percent to 2.94 New Zealand dollars per litre, and 23.1 percent increase for diesel to 2.28 New Zealand dollars per l

Nigerians battle unprecedented hardship in Buhari’s tenure Nigeria’s grim socio-economic situation has seen many plunged into poverty as prices continue to surge and basic utilities such as power and fuel remain scarce. Since last month, Nigerians have faced the worst petrol crisis the country has seen in recent years. Filling stations across the country have […]

PUZDER: Putin is only a part of the reason oil prices are increasing. America could offset that with aggressive support for the US energy sector. The failure to do so is Biden''s fault.

Governor Ron DeSantis spoke out against potential trade deals to import oil from Venezuela, after the U.S. banned Russian oil imports.

Downing Street sources told me that with oil prices so high, there were things “we would have dismissed before that we can’t dismiss now” – and while their end goal is new sources of energy, “in the transition period we need to pump more oil and gas of our own” and it’s “in that context […] The post The race is on for affordable energy for the UK’s homes and businesses appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Rivers State Governor, Nyesom Wike, says the Nigeria’s economy will remain vulnerable and weak if illegal bunkering and artisanal refining of crude oil continue unabated. Wike made the observation at the inauguration and presentation of 14 ballistic gunboats donated by the Rivers State Government to the Nigerian Navy, Army, Police and Nigeria Security and Civil… Read More

The United States has banned Russian energy imports and wants Saudi Arabia to increase oil production to mitigate a dramatic spike in gas prices. But just how willing Gulf states are to help bring oil prices down remains to be seen. VOA''s Senior Diplomatic Correspondent Cindy Saine reports.

Russia''s invasion of Ukraine last month has aggravated a global surge in prices of key commodities including food and oil.

The Russian ban has put the spotlight on Canada, which supplies more than half of America’s oil and gas imports

The ALPS Clean Energy ETF ( ACES ) has returned 7.91% over a one-week period, driven by expectations that the Russia-Ukraine war will further tighten the global oil supply and drive up commodities prices.

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President Joe Biden risibly claimed that presidents can’t do anything about oil prices, but his administration has been systematically attacking oil extraction