United States Oil Fund Lp ETF News

Russia, which calls its actions in Ukraine a "special operation", exports some 4 million to 5 million barrels per day of crude oil, and 2 million to 3 million barrels per day of refined products

Mele Kyari, the group managing director (GMD) of the Nigerian National Petroleum Company Limited (NNPC), has said International Oil Companies (IOCs) that divest from Nigeria’s upstream sector must address issues of abandonment and decommissioning of oil assets. Kyari said this on Monday in Abuja, at the opening session of the fifth edition of the Nigerian […]

A TANKER heading to the US carrying an estimated 400,000 barrels of Russian crude oil reversed its course earlier this month, and docked in Milford Haven on Sunday, it has been confirmed. Ariel left Primorsk in Russia on January 29 to head across the Atlantic, before turning back towards the UK on February 14, according […]

The spike in crude oil prices last week in the aftermath of Russia’s invasion of Ukraine has lent further urgency to the long-running efforts to bring Iranian oil back into the global oil market in order to bring prices back down to levels that do not cause so much damage to major economies. According to sources closely connected to the current negotiations between the ‘P5+1’ group of nations (U.S., U.K., France, China, and Russia, plus Germany) and Iran exclusively spoken to last week by OilPrice.com, the mechanism to achieve…

Oil steadied as investors focused on the possible release of strategic crude reserves by the U.S. and its allies to ease supply fears after Russia was slapped with more sanctions over its invasion of Ukraine.

Slowly getting there it seems.

Union petroleum minister Hardeep Singh Puri said the petroleum sector will play a crucial role in the region’s industrial growth. He said oil production from the northeast is expected to increase by 67% from 4.11 MMT in 2020-21 to 6.85 MMT in the next four years.

The world is short on spare oil production capacity. This became clear a while ago despite attempts to ignore it on the part of some governments of large consumer countries. The problem has once again come into the spotlight amid the Ukraine crisis, which has prompted fears of disruption in Russian oil and gas exports. “Spare capacity is falling and the [oil] market is having to reprice that lack of safety margin,” JP Morgan’s head of global energy strategy, Christyan Malek, told the Financial Times last week. The spare capacity…

As I watched the news about Ukraine, I was appalled at how civilians are greatly affected by this offensive move by Russia. One woman was interviewed about how she was so worried about this invasion when the Russian forces at that time were just being deployed near the country and her husband was just telling her that she was just panicky and nothing of that sort will happen. And now it’s happening and she found it incredible that this thing is now a reality. There are several repercussions of this invasion and the whole world will be affected. For the Philippines and for all countries in the whole world, we are just starting to recover from this war against an invisible enemy which is COVID-19 and now the economic recovery is again at risk because of this war. For one, Ukraine is an exporter of wheat to the Philippines but worst, oil prices will go up considering that Russia is one of the top oil producers in the world. Any sanctions on oil import from Russia will not likely hurt this country since they had an agreement with China prior to this invasion to increase their supply to this country.

With years of investment unraveling, attention now turns to TotalEnergies and Exxon’s investments in the country.

US major indices close mixed. NASDAQ higher for the third day in a row Canada plans to ban imports of Russian crude oil White House: A no fly zone would be step toward sending US troops to fight a war w/Russia US State Dept: US will do more on sanctions as it has seen no de-escalat

Canadian Prime Minister Justin Trudeau said the move would send a "powerful message".

An increase in the global price of crude oil brought on by Russia’s invasion of Ukraine has led to higher gasoline prices in the United States, AAA said Monday.

Biden's climate-change plan faces a hurdle as the Supreme Court moves ahead on power-plant case that could restrict federal reach on environmental issues.

Let's take a look at some ETFs that investors can consider as war, inflation and Fed-rate hike worries are clouding the markets.