United States Oil Fund Lp ETF News

Russia''s President Vladimir Putin held talks March 1 with Abu Dhabi''s Crown Prince Mohammed bin Zayed to discuss OPEC+ strategy a day ahead of the oil cartel meeting to decide output quotas as crude trades above $100/b against the backdrop of the Ukraine conflict. "The progress in implementing the OPEC+ agreement was discussed. The intention to continue coordination between the…

The European Parliament calls for new EU sanctions on Russia and restriction of oil and gas imports from this country, according to the draft resolution ''on Russia''s aggression against Ukraine'' to be put on the vote at an extraordinary session today.

(Reuters) – U.S. stock index futures slid on Tuesday, with banks stocks declining further as the Russia-Ukraine crisis deepened, while a rise in oil prices supported shares of energy companies.

Iraq''s federal crude exports, excluding flows from the semi-autonomous Kurdistan region, rose 3.5% in February from a month earlier, the oil ministry said March 1, amid a higher OPEC+ quota. Federal oil exports reached 3.314 million b/d in February, the ministry data showed, from 3.202 million b/d in January. Iraq''s OPEC+ quota in February was 4.325 million b/d, up from…

Canada is taking more action against Russia in response to its ongoing attack on Ukraine. Natural Resources Minister Jonathan Wilkinson says Canada wi…

European stock markets sagged and oil jumped back above $100 a barrel on Tuesday as markets struggled with massive uncertainty caused by Russia''s invasion of Ukraine, while the rouble recovered from a rout driven by Western sanctions.

Russia, one of the world’s top oil producers, exports around 4-5 million bbl/d of crude and another 2-3 million bbl/d of refined products. China, the EU, South Korea, India and Japan are its main buyers.

The Department for Business, Energy and Industrial Strategy said the average price of a litre of petrol at UK forecourts on Monday was 149.22p.

(Repeats to more subscribers) March 1 (Reuters) - Iraq''s oil exports rose to an average of 3.314 million barrels per day in February, the oil ministry said on Tuesday in a statement, from 3.2 million bpd in January. The country''s February…

(Updates prices) By Julia Payne LONDON, March 1 (Reuters) - Oil prices surged on Tuesday as concerns over supply disruptions after Russia''s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May…

Notwithstanding repeated assurances from the nation’s apex oil group, the Nigerian National Petroleum Corporation Limited, NNPC, that it had distributed petroleum products nationwide, to resolve the fuel scarcity that has lingered for weeks, the situation is taking a turn for the worse. In a statement by Mr. Garba Deen Muhammad, the group’s general manager, group public affairs division of the group last weekend, said over 2.1 billion litres of petrol was available but only awaiting distribution chain hurdles to ease out as he urged Nigerians to exercise further patience. The NNPC, in a statement, said it is intensifying efforts to resolve distribution hitches being experienced in some parts of the country. “To this effect, the NNPC is engaging depot operators to load products round the clock to accelerate the restoration of normal distribution”, it said. “NNPC has also engaged the services of Government Security Agencies to ensure that all products loaded get to the right destination.

Today, the Minister of Natural Resources, the Honourable Jonathan Wilkinson, announced the Government of Canada will ban crude oil imports from Russia. According to the Canada Energy Regulator, Canada does not currently import any crude oil from Russia, and has not since 2019. The new ban will ensure this remains the case going forward. Once […] The post Canada – Government of Canada Moves to Prohibit Import of Russian Oil appeared first on Webnewswire .

Berger Paints India Ltd on Tuesday said it was monitoring the cost pressure in the wake of crude price hardening but will take a call after tracking the demand scenario. With crude oil trading above USD 100 per barrel owing to Russia''s invasion of Ukraine, cost pressure will mount if the geopolitical uncertainties continue for a few months. "We are monitoring the situation closely but not raising the price in a haste. We will take a call after monitoring the demand scenario also. Price rise impacts volume demand," Berger Paints MD & CEO, Abhijit Roy, told PTI. Berger had hiked prices in the last one year to offset input cost inflation, the company said. Roy explained that out of the four major ingredients of making paints, one is linked to crude. It is the solvent binder, which is a derivative of crude. However, its price is more affected by demand-supply issues than the price of crude itself, he said. Overall, solvent binder forms about one-third of Berger''s raw material …

Traders bet Ukraine conflict will slow central bank tightening Bond yields retreat, breathing life back into tech stocks FX market caught between different forces, oil prices keep rising Risky trades bounce back The talks about a ceasefire in Ukraine concluded without an agreement yesterday and the bombardment of major cities unfortunately seems to have intensified. Russian authorities tried to fight the crippling economic sanctions by doubling interest rates to 20% and introducing capital controls, but the rouble still imploded and [..]

Shell will exit its joint ventures with Russian energy firm Gazprom. It will also pull out of the Nord Stream 2 pipeline project.