United States Oil Fund Lp ETF News

LONDON (Reuters) – Glencore’s traded oil volumes fell to below 4 million barrels per day in 2021 for the first time since 2015, the company’s results showed on Tuesday.

U.S. equity futures surged higher Tuesday, while oil prices tumbled and the dollar eased, as investors reacted to reports that Russia has pulled some of its troops from the Ukraine border amid what appears to be a de-escalation of tensions between the adjacent eastern European nations.

Fear of oil prices surpassing $100 a barrel On Monday, Egypt’s and Cyprus’ energy ministers expressed grave alarm about the possibility of oil prices rising above $100 per barrel. It comes as more than a dozen countries have urged their nationals to flee Ukraine in the face of Russian invasion threats. On Monday morning, international […] The post Fear of oil prices surpassing $100 a barrel appeared first on FinanceBrokerage .

SINGAPORE (ICIS)--Crude prices fell around $3.00/bbl on Tuesday amid an easing of Ukraine tensions following announcements from the Russian defence ministry that some of its troops stationed close to…

South African motorists and commuters are feeling the brunt of rising international oil prices, but the local tax structure is not helping things.

Global stocks rallied and haven trades fizzled on Tuesday amid optimism that geopolitical tensions in Ukraine may be easing.

The Major Oil Marketers Association of Nigeria (MOMAN) has received two vessels of Premium Motor Spirit (PMS) as scarcity of the product continues to persist in Lagos and other parts of the country. Mr Clement Isong, Executive Secretary, MOMAN, told the News Agency of Nigeria (NAN) on Tuesday in Lagos that the vessels were received from the Nigerian National Petroleum Company Ltd. Isong said the recent importation of off-spec petrol into the country and the subsequent directive to withdraw the affected products from the market created a huge supply gap. “We know that the withdrawal of the four vessels disrupted the supply chain leading to panic buying by Nigerians. “We (MOMAN) members have so far received two vessels from the NNPC since our last meeting on Wednesday and we believe the NNPC and other stakeholders are working tirelessly to see how this problem can be resolved.” Isong said it was imperative for the downstream petroleum sector to be fully deregulated with importation of PMS liberalised to ensure improved supply and stability.

Investors Alley One Way To Hedge Oil Stocks With Options Oil has been on a tear this year, both due to concerns over inflation and also as as a result of high demand/low supply dynamics. Owning oil stocks has generally been a winning trade in 2022, but what if the trend reverses? One smart way to hedge oil exposure is by purchasing puts on an […] One Way To Hedge Oil Stocks With Options Jay Soloff

Crude oil prices fell Rs 36 to Rs 7,072 per barrel on Tuesday after participants reduced their positions. On the Multi Commodity Exchange, crude oil for the February delivery dropped by Rs 36, or 0.51 per cent, to Rs 7,072 per barrel with a business volume of 9,481 lots.

The Major Oil Marketers Association of Nigeria (MOMAN) has received two vessels of Premium Motor Spirit (PMS) as scarcity of the product continues to persist in Lagos and other parts of the country. Mr Clement Isong , Executive Secretary, MOMAN, told the News Agency of Nigeria (NAN) on Tuesday in Lagos that the vessels were received from the Nigerian National Petroleum Company Ltd. Isong said the recent importation of off-spec petrol into the country and the subsequent directive to withdraw the affected products from the market created a huge supply gap. “We know that the withdrawal of the four vessels disrupted the supply chain leading to panic buying by Nigerians. “We (MOMAN) members have so far received two vessels from the NNPC since our last meeting on Wednesday and we believe the NNPC and other stakeholders are working tirelessly to see how this problem can be resolved.” Isong said it was imperative for the downstream petroleum sector to be fully deregulated with importation of PMS liberalised to ensure improved supply and stability.

Petrol and Diesel Price Today in India: Petrol and diesel prices continue to remain unchanged for over 100 days in a row on Tuesday, 15 February 2022

Amar Ambani of YES Securities said Nifty50 has been consolidating since mid-October 2021 and looking at the fall of the last 30 days, the index could further correct from present levels.

China regulators and authorities meeting on iron ore prices On Tuesday, the US Senate banking committee is expected to vote on Fed''s Powell & more US government offers a sovereign loan guarantee to Ukraine of up to US$1bn An oil ICYMI - US Permian oil output forecast to hit record

London, (Asian independent) The prices of petrol and diesel in Britain hit new record high over the weekend, according to latest data. Petrol price hit an average of 148.02 pence ($2) per litre, while diesel costs an average of 151.57 pence per litre, both exceeding the previous records set in November 2021, Xinhua news agency quoted […]

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