United States Oil Fund Lp ETF News

NEW DELHI, Feb 23 (Reuters) - Fujairah Oil Industry Zone on Wednesday published the following weekly inventory data for oil products for the week ended Feb. 21, according to industry information service S&P Global Platts. Volumes are in thousands of

Oil prices took a breather this morning after surging to seven-year highs the previous session as it became clear the first wave of US and European sanctions on Russia for sending troops into eastern Ukraine would not disrupt oil supplies.

By Adedapo Adesanya The crisis brewing between Russia and Ukraine seems to be favouring Nigeria and other oil-producing countries battling with low revenue from crude oil sales. This is because the Russia-Ukraine row is pushing prices of the commodity higher at the global market, brightening the revenue prospects of Nigeria and others as there are []

Crude oil price consolidated above the support base formed above 91.30, to start providing positive

As Russia sent troops into two breakaway regions of Ukraine, prices on oil and gas has surged as Australia and other nations announced new sanctions.

International Energy Agency reports nearly all the industrys methane emissions could be avoided at no net cost Plugging methane from leaky oil and gas facilities would be free of cost almost everywhere in the world, and in many cases would produce a significant profit, at todays soaring gas prices, the International Energy Agency has found, suggesting that governments have few excuses for not taking action to curb emissions of the powerful greenhouse gas . Governments have been underreporting their emissions of methane to a dramatic extent, and those emissions are still rising fast, according to the Global Methane Tracker report from the IEA published on Wednesday. Using satellites and other new data, the energy watchdog found emissions were about 70% higher than national governments had suggested, showing the need for far greater monitoring, as well as efforts to staunch leaks. Continue reading

#39;Risk to inflation can come from crude oil prices rising above $100 a barrel and resurgence in commodity prices, which will impel a strong Fed response#39;

(Adds quote, updates prices and changes dateline.) By Sonali Paul and Mohi Narayan NEW DELHI, Feb 23 (Reuters) - Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the first wave of U.S. and

Oil prices also took a breather after surging to seven-year highs, as it became clear the first wave of US and European sanctions on Russia would not disrupt oil supply.

Indian sunflower oil makers are hoping that the Russia and Ukraine crisis resolves smoothly so that the edible oil shipments resume soon from Ukraine.Since Russia and Argentina are there as alternate sources,there may not be any major impact on the retail prices of sunflower oil.

The Federal Government has begged for the intervention of the republic of Korea in combating the rate of unemployment in the country. The Minister of Labour and Employment, Senator Chris Ngige made the appeal while receiving the Ambassador of the Republic of Korea in Nigeria, Mr Kim Young-Chae in his office. The Minister also asked for support in agriculture so as to help farmers in the country. He went on to explain that the economy of Nigeria, which is based solely on oil, has been fairing poorly due to insecurity problems and price fluctuations. Ngige asked that Korea render their assistance so the country could develop other sectors like power. He said: I want you to assist us to create jobs because of the unemployment pressure on us here in this country, especially among the youths and women. We want you to assist us in giving agriculture a boost in order to help our farmers. Agriculture is our low hanging fruit. This will assist our country in developing a foreign exchange base so that we dont have to spend our limited resources on importing food. "We request assistance to enable us to create jobs.

Indian equity benchmark indices opened on a positive note on Wednesday ending the losing streak of five previous sessions amid the rising geopolitical tensions on the back of the Russia-Ukraine crisis and oil prices.

Oil Prices Surge, Amid Heightened Tension, Over Ukraine Crisis. NPR reports that oil prices have recently pushed close to $100 a barrel, a high not seen since 2014. . According to NPR, the possibility of a Russian invasion of Ukraine is just one of many driving forces behind the rising price

NEW YORK, Feb 23 Crude oil futures yesterday reached their highest levels since 2014 on supply concerns and stocks sold off in a volatile session as investors eyed international responses after Russia sent troops into parts of Ukraine. Markets

White House says discussions on Americans being held hostage by Iran are separate from nuclear deal talks. The US administration wants more oil flowing!!! Throwing the hostages under the bus.