United States Oil Fund Lp ETF News

Oil from the earlier spill made it onto a beach.

The barrels are hitting the Gulf thanks to new pipeline connections and expansions that just came online last year, and are meeting surging global demand that has pushed oil prices to seven-year highs

Performing while transforming is how BP CEO Bernard Looney describes the companys growth plan geared towards the energy transition. Its an apt narrative of how high oil prices are

Commercial reserves of oil and oil products of the member countries of the Organization for Economic Co-operation and Development (OECD) fell by 60 million barrels in December, reaching 2.680 million barrels.

Prices rose on Friday after the International Energy Agency said oil markets were tight

Global oil prices could climb further because of the OPEC+ coalitions chronic struggle to revive production, unless the groups Middle Eastern heavyweights pump extra to compensate, the International Energy Agency warned.

Failures to meet pledges, from members of the Organisation of the Petroleum Exporting Countries (OPEC) and their allies, has meant that oil prices have rocketed to their highest levels since 2014.

By Chisom Adindu Lately, the countrys external reserves started heading south after impressive accretion over months. This is despite rising international prices of crude oil. No doubt, this sudden reality has however put spikes in the Central Bank of Nigeria (CBN)s efforts of maintaining stable Naira exchange rate making it herculean as ever. As of [] The post Diversified Economy Will Unlock Forex Quagmire appeared first on Daily Asset Online .

A high-ranking environmentalist who works with many international agencies has asked security agencies, state and local councils to desist from burning confiscated crude oil and illegally refined products. Fineface Dunamene Fineface, an environmental justice activist and human rights defender, wants the confiscated vessels and trucks to be sold instead of being set ablaze. In an []

Tight supply was seen in U.S. crude oil stockpiles, which unexpectedly fell 4.8 million barrels in the week to Feb. 4 to 410.4 million barrels as overall refined product demand reached an all-time record.

MOSCOW (Reuters) Russias oil and gas condensate output increased to 11.07 million barrels per day (bpd) over Feb. 1-10, from an average of 11 million bpd in January, two sources familiar with the data said on Friday.

GUYANA has an abundance of natural resource capacity which positions the country to tap into more renewable sources of energy, like from water or the sun, to meet its growing electricity demand. The demand for electricity in Guyana is expected to triple by 2026 as the country develops its productive sectors such as manufacturing. This More than oil: Guyana tapping into massive renewable energy potential Read More »

Kuwait raises March crude prices for Asia -document Reuters

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