United States Oil Fund Lp ETF News

Benefiting from oil prices hitting the highest since 2008, Aramco shares have jumped 15% in less than three weeks, giving it a market capitalization o..

Ukrainian President Volodymyr Zelenskyy consulted with EU members and talked to Charles Michel, President of the European Council to discuss various sanctions against Russia to ensure the security of civilians.Taking to Twitter on Wednesday, Zelenskyy said, "Consultations with EU partners continue. Talked with Charles Michel @eucopresident. Discussed sanctions against the Russian aggressor, the need for coordinated pressure on Russia to ensure the security of civilians, support for Ukraine in our struggle & Ukraine''s membership in the #EU. #StopRussia."Ukrainian Foreign Minister Dmytro Kuleba called Antony Blinken, US secretary of state to discuss strengthing Ukraine''s defence capabilities."Call with @SecBlinken on further steps to strengthen Ukraine''s defence capabilities," Kuleba tweeted.He further thanked the US government for banning the import of Russian oil. He further tweeted, "Grateful to the U.S. for the new package of tough sanctions on Russia. Pressure must be …

With oil prices high and Americans paying more for gasoline, US Energy Secretary Jennifer Granholm on Wednesday called for oil companies to increase production and offset the spike in pump prices.

"It''s Appalling": In Hilarious Reversal, Biden Admin Now Slams Shale For Not Raising Output It was just last June when we asked if " ESG will trigger energy hyperinflation ", explaining that the progressives'' ESG agenda, "is unwinding the shale oil revolution. As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months" (incidentally the answer to our rhetorical question was "yes"). We added that "ESG is a negative supply shock that internalizes the climate cost of the production of goods and services. This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years. Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels." Meanwhile, the impact of ESG on oil companies has been to depress Capex spending to the lowest level in decades , leaving the energy sector entirely unprepared for any energy price spike, as it simply did not have the capacity to pump as much oil as may be needed.

Events occur in the energy market almost too fast to properly catalog these days. The torrent of information is cacophonous as one dire prediction for the direction of the oil price after another rolls across the ticker. Nonetheless, it behooves us to try and ferret out relevant details from this torrent of data. As I applied myself to this task one thing, in particular, became blindly apparent to me. The substance behind most of what I was hearing was pretty thin. As in almost non-existent thin. We will avoid the political side of this debate…

HOUSTON: Before its forces invaded Ukraine, Russia provided one out of every 10 barrels of oil the world consumed. But as the United States and other customers shun Russian crude, the global oil market faces its greatest upheaval since the Middle East tumult of the 1970s.An energy price shock will…

China''s effort to help Russia economically cannot offset Western-led sanctions aimed at resisting its invasion of Ukraine, analysts assert. The latest sanction — U.S. President Joe Biden on Tuesday announced a U.S. ban on Russian oil and gas imports as an expression of opposition to the war. "Sanctions are never the fundamental and effective way to solve problems," Liu Pengyu, spokesperson for the Chinese Embassy in Washington, wrote to VOA in an email. Since 2011, Liu said, the United States has imposed more than 100 sanctions on Russia without solving any problems. "China decides its own position and policy based on the merits of the matter itself," he said. As for Russia and Ukraine, Liu said, "we will continue to play a constructive role in seeking and achieving peace." While Beijing''s opposition to the sanctions and China''s plans to buy more Russian goods will help its northern neighbor, Moscow''s current economy still depends more on Western countries than on China, according to experts.

In the friendliest rhetoric yet from the Biden administration toward the U.S. oil and gas industry, U.S

Figures from data firm Experian Catalist show the average cost of a litre of diesel at UK forecourts reached a record 165.2p on Tuesday.

Figures from data firm Experian Catalist show the average cost of a litre of diesel at UK forecourts reached a record 165.2p on Tuesday.

Desperate to appear to be proactive in the fight against soaring gas prices, the Biden administration announced they would release tens of million barrels of oil from the Strategic Petroleum Reserve….

TOKYO (Kyodo) -- Tokyo stocks opened sharply higher Thursday, briefly lifting the benchmark Nikkei nearly 3 percent, on receding concerns over a slowd

The Ukraine invasion is reverberating through global markets and heaping inflationary pressure on governments and central banks who’re trying to encourage growth after the pandemic

Sens. Joni Ernst, R-Iowa, and Amy Klobuchar, D-Minn., on March 9 introduced the Home Front Energy Independence Act, a bill that aims to put into a law a ban on Russian oil and includes provisions to increase the use of renewable fuels.

In an interview with Fox News Digital, Alaska Gov. Mike Dunleavy said a breaking point is indeed "imminent" for when the United States must stop relying on rival countries for energy production.