United States Oil Fund Lp ETF News

Nigeria’s gross domestic product (GDP) grew 3.4 percent in 2021, the strongest since 2014. The figure is the first annual growth above 3 percent since President Muhammadu Buhari won the 2015 election. In 2014, the economy grew 6.3 percent. The National Bureau of Statistics (NBS) said this in its fourth-quarter GDP report released on Thursday. According to the report, the GDP also posted a strong recovery of 3.98 percent in the fourth quarter of 2021 — but lower than the 4.03 percent in the third quarter. “Nigeria Gross Domestic Product (GDP) grew by 3.98%(year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10% and -3.62% in Q2 and Q3 of 2020 under the Covid pandemic,” the report reads. “The fourth quarter growth indicates a steady economic recovery accounting for annual growth of 3.40% in 2021. “The Q4 2021 growth rate was higher than the 0.11% growth rate recorded in Q4 2020 by 3.87% points and lower than 4.03% recorded in Q3 2021 by 0.05% points.

A shocking rise in petroleum prices has given birth to widespread public outrage. Representatives of the trading community, farmers and transporters have reacted sharply to the increase. The unorganised sections of the lower middle class commuting on motorbikes have also been badly hit by the rise. What has worried the government most are the concerns […] The post Massive rise in petrol prices appeared first on Pakistan Today .

Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.

DUBAI, United Arab Emirates — Saudi Arabia is signaling it isn''t willing to pump more oil and won''t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels. This has Washington concerned as gasoline prices rise and tensions with Russia …

It also shows that the rally in futures prices - they passed $96 at one point on Wednesday - is in part being driven by what''s happening in the real world

Oil prices have been choppy on Thursday, caught between the conflicting forces of progress towards a return to the 2015 Iran nuclear deal which could

Governor Oluwarotimi Akeredolu of Ondo State has warned petroleum marketers and owners of fuel stations to desist from hoarding Premium Motor Spirit as well as creating artificial scarcity in the state. Akeredolu said the warning became necessary after long queues surfaced at filling stations across the state, notably in Akure, the state capital on Wednesday. […]

Inflation was already hurting Americans’ wallets at the gas pump. And now, the Ukraine crisis could drive those prices even higher. Dan Dicker, a longtime oil and energy markets strategist, warns that gas prices could soar as high as $7, as the cost of crude oil continues to rise with …

By John Kemp LONDON (Reuters) – U.S. distillate fuel oil stocks are on course to fall critically low between now and the middle of the year, creating conditions for a potential spike in both crude and fuel prices, unless demand from freight firms falls.

TEHRAN: The Iranian Foreign Ministry on Wednesday confirmed talks with South Korea on resuming Iran''s crude oil exports and unfreezing Iranian assets held in the East Asian country. Over the past few days, a team of Iranian oil and banking sector experts visited the South Korean capital of Seoul to negotiate with South Korean officials and companies over resuming Iran''s oil exports, Iran''s Foreign Ministry spokesman Saeed Khatibzadeh told reporters, according to the official news agency IRNA. During the visit, the Iranian side stressed the removal of the illegal restriction on the country''s frozen assets in South Korea, Khatibzadeh said. He added that Tehran-Seoul relations can return to normal through the resumption of Iran''s oil exports to South Korea and investments from South Korea to economic projects of Iran.

Oil and Gas giant Seplat Energy set the bourse on a downward trajectory after traders sold their holdings. The post Nigerian stocks close flat, set for second consecutive weekly loss appeared first on Premium Times Nigeria .

Envoys from countries involved are still negotiating details of the draft accord amid Western warnings that time is running out before the original deal becomes obsolete.

Crude oil price faced new strong negative pressure yesterday, as it broke the bullish …

Global oil prices fell on February 17 morning, investors are evaluating the prospects for an increase in supply in the market

March crude oil futures were trading at ₹6,861 on MCX during initial hours of Thursday