United States Oil Fund Lp ETF News

The US still does not recognize Maduro despite oil talks

Energy companies with junk credit ratings are thriving amid soaring oil prices, but good news for one of the high-yield space’s biggest segments looks like terrible news for the rest of the asset class.

The US oil and gas rig count jumped by 10 to 770 in the week ending March 9, energy analytics and software company Enverus said, as activity in the Eagle Ford Shale and SCOOP-STACK hit two-year highs. Rigs chasing oil plays totaled 599, up 12, while rigs directed to natural gas fields slipped by two to 171. Eagle Ford rigs…

Oil prices could hit $150 per barrel — but such an upward movement would depend on how much crude China scoops up from Russia, according to one strategist.

The need to develop a variety of energy sources has never been so evident. As the global reliance on a few specific oil and gas sources becomes clear, it seems obvious that we should be investing in diversifying our energy mix. But while governments are looking to expand their solar and wind power, is enough being done to develop other options that could help boost the global energy supply? Geothermal energy is one such energy source that needs significantly more funding for it to be better understood and developed so it can become a commercial…

The oil market could become even more volatile in the days ahead if Russia''s leader decides to retaliate against Western sanctions using oil as a weapon.

Oil futures declined for a second straight session on Thursday, with prices giving up earlier gains in volatile trading against a backdrop of changing headlines on the Russia-Ukraine war. West Texas Intermediate crude for April delivery fell $2.68, or 2.5%, to settle at $106.02 a barrel on the New York Mercantile Exchange, after losing just over 12% on Wednesday. The settlement was the lowest for a front-month contract since March 1, according to Dow Jones Market Data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Russian President Vladimir Putin on Thursday said that the United States and Western countries shouldn’t blame Russia and its conflict with Ukraine for high gas prices domestically. “Supplies of Russian oil, say, to the American market do not exceed 3 percent. This is a negligible amount. And their prices are growing. We have absolutely nothing […]

While February was once forecast as the peak for US inflation, now readings are set to increase to above 8 per cent, according to some economists

Oil prices continued to fluctuate with record volatility this week, sending consumers’ gasoline bills skyrocketing across the country. The national average gas price hit $4.35 per gallon on Thursday as gasoline prices traded above $116 a barrel. Now, facing historic inflation and a geopolitical crisis,… The post In An About-Face, Biden Administration Calls On U.S. Oil and Natural Gas Industry to Increase Production appeared first on .

White House says any move to lift sanctions will depend on outcome of talks between President Nicolas Maduro and the opposition

Drivers have been hit by the average cost of a litre of unleaded reaching a record of nearly £159p and 167.4p - up 5p since Monday. But some forecourts are selling diesel for more than £2.

Energy Secretary Jennifer Granholm publicly called on oil and natural gas producers in the United States to boost output while the country is on a "war footing."

The auction house noted that film historians say this is one of five oil cans used during filming, while others say there were three.