United States Oil Fund Lp ETF News

Prices of crude oil rose in overnight trade as tensions surged in eastern Ukraine with the Kremlin announcing Russian President Vladimir Putin will officially recognize separatists in Donetsk and Luga

Oil also got a boost Monday after Saudi Aramco said it sees signs that demand is surging, especially in Asia. By Grant Smith and Devika Krishna KumarBloomberg Published On 21 Feb 202221 Feb 2022 Oil jumped as tensions mounted between Russia and the West over Ukraine, adding to bullish sentiment as leading market participants said they expect

Crude up over a dollar.UST higher, yen higher

A solo Mandarin duck, spotted close to the Baghjan oil blowout site in upper Assams Tinsukia district on Sunday, unfortunately could not be seen on Monday.

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Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent

Analysts said the market remained tight and any addition of oil would help, but prices would remain volatile in the near term.

By Andrew Osborn and Dmitry Antonov MOSCOW (Reuters) -Russian President Vladimir Putin told the leaders of France and Germany on Monday that he planned to sign a decree recognising the two breakaway regions in eastern Ukraine as independent entities shortly, the Kremlin said. The French and German leaders voiced disappointment after hearing the decision, the Kremlin said in a readout of the phone calls. Moscow''s move is also likely to torpedo a last-minute bid for a summit to prevent Russia from invading Ukraine. Separately, Moscow said Ukrainian military saboteurs had tried to enter Russian territory in armed vehicles leading to five deaths, an accusation dismissed as "fake news" by Kyiv. Both developments fit a pattern repeatedly predicted by Western governments, who accuse Russia of preparing to fabricate a pretext to invade Ukraine by blaming Kyiv for attacks and relying on pleas for help from separatist proxies. Recognition by Moscow of the rebel regions'' independence will narrow the diplomatic options to avoid war, since it is an explicit rejection of a seven-year-old ceasefire mediated by France and Germany, touted as the framework for future negotiations on the wider crisis.

Egypt is expecting major investments in its oil sector this year as national and foreign oil companies increase operations across the country. The development of Egypts energy sector has been further supported by increasing petrochemical output and a strong export market. Its geographic location could make it a hub in the MENA region and its efforts to decarbonize will help it sustain its position in the international oil market. After a successful year in oil and gas in 2021, Egypt is expecting between $7.5 to $8 billion in foreign

Saudi Aramco, the worlds largest producer, also said it sees signs that demand is rising, especially in Asia. By Grant Smith and Devika Krishna KumarBloomberg Published On 21 Feb 202221 Feb 2022 Oil rose as leading market participants said they expect global demand to continue its powerful recovery from the pandemic and tensions mounted over Ukraine. West

LONDON, Feb 21 (Reuters) - The bull run in North Sea crude differentials showed no sign of coming to an end on Monday as Oseberg was bid at the highest in over a decade. PLATTS WINDOW * No deals, a trade source said. * Oseberg: Mercuria bid for a March

LONDON, Feb 21 (Reuters) - Traders were waiting for Angola''s April allocations on Monday while Shell issued key Nigerian loading programmes. * Total exports of four of Nigeria''s main crude oil grades are set to rise in April to about 512,000

LONDON, Feb 21 (Reuters) - Total exports of four of Nigeria''s main crude oil grades are set to rise in April to about 512,000 barrels per day (bpd), excluding two deferred Forcados cargoes, from 460,000 bpd planned in March, loading programmes

RAC says the price rises are ''hurting'' households

Vladimir Putin and Joe Biden have agreed in principle to a summit in Europe. AFP via Getty Images Global stocks fell on Monday as tensions remained high over the Russian military buildup on Ukraines border, with officials in the West continuing to fear an imminent war in Eastern Europe. The pan-European Stoxx 600 index was []