United States Oil Fund Lp ETF News

WASHINGTON, March 5 ― The Biden administration is weighing cutting US imports of Russian oil and ways to minimise the impact on global supplies and consumers, the White House said yesterday, as lawmakers fast-track a bill that would ban Russian…

Shares of oil and gas companies (XLE) soared 9.3% this week, marking the sector''s biggest weekly gain since October 2018, as crude oil prices rocketed past $115/bbl for the highest…

The National Leader of the All Progressives Congress (APC) and the presidential aspirant, Bola Tinubu, has revealed that he had helped Governor Kayode Fayemi and the former governors; Rauf Aregbesola and Olusegun Mimiko to become governors of their state. The former Lagos State governor also revealed that he had helped President Muhammadu Buhari to become one of Nigeria. Tinubu said this on Friday during paid a visit to the traditional rulers in the three senatorial districts of Ondo State, seeking their support for his 2023 presidential aspiration. Speaking at the palace of the Deji of Akure, the former governor of Lagos State said he had helped many people in the country to achieve their political goals. Among the beneficiaries of his political benevolence, Tinubu mentioned a former governor of Osun and Ondo States, Ogbeni Rauf Aregbesola, Dr Olusegun Mimiko respectively. He also mentioned Ekiti State Governor, Dr Kayode Fayemi, and the President Muhammadu Buhari among others. Tinubu said, “I helped Mimiko get his mandate through court after two years that he was elected.

Even before the invasion of Ukraine, the oil market was tight, as slashed shale production ran up against a rebound in demand.

Airfares to international destinations have soared along with the rise in oil prices following the Russia-Ukraine crisis, but on the domestic routes, the recent hike in airfares can be attributed to an increase in bookings, said travel industry officials on Friday. In January, during the third Covid wave, domestic airfares crashed with a drop in demand.

Lawmakers are calling for a ban on Russian oil to the United States.

NEW YORK – Global stock markets fell across the board Friday and energy prices soared after Russia attacked a major Ukrainian nuclear power plant, the largest in Europe, exacerbated worries about the hit to the continent and its economy. Europe’s main stock markets closed sharply lower, with Paris down five percent and Frankfurt losing 4.4 […] The post Stocks sink, gas and oil prices soar over Ukraine fears appeared first on Inquirer Business .

The green energy push in Europe has these days been overshadowed by events in Ukraine but it has not completely left the spotlight. On the contrary, EU officials have been adamant that the transition must continue despite the growing body of evidence that the continent—or the union that takes up most of it—cannot cope with renewables only. The International Energy Agency, never far from yet another bold energy transition declaration, first coordinated a planned release of 60 million barrels of crude to try and lower international oil…

More price hikes could be in store, and some analysts predict that oil could reach $130 per barrel.

With prices of edible oil rising by around 10% in the state following the ongoing conflict between Russia and Ukraine, food supplies and consumer welfare minister Ranendra Pratap Swain on Friday urged the Centre to temporarily cut import duty and other tariffs to provide relief to

WTI Crude prices surged over $115 again on Friday after briefly spiking up to $116.51 on Thursday. The rising prices have been exacerbated by Russia’s invasion of Ukraine and the fear the U.S. may b

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Self sanctioning reported by Energy Intelligence Thursday indicated that oil product exports from Russia had fallen by ~1mb/d (product plus crude exports fell ~2.5mb/d); oil prices…

U.S. gasoline prices have surged by 20 cents in just a week, as the Russian invasion of Ukraine sent international crude oil prices soaring above $110 per barrel. The national average now stands at $3.781/gal, “up an amazing 20c/gal from a week ago,” Patrick De Haan, head of petroleum analysis for fuel-savings app GasBuddy, said on Friday. The daily rise was among the ten biggest daily increases ever and the highest recorded outside August and September at 6.5c/gal, De Haan added. On Thursday, for the first time ever, a U.S. city breached…

Oil prices surged Friday amid fears that the disrupted Russian exports due to western sanctions offset more Iranian supplies in case of a nuclear deal with Tehran.