United States Oil Fund Lp ETF News

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SINGAPORE : Oil prices were mixed on Thursday, after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors await the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets.Brent crude futures slid 10 cents, or 0.1per cent, to $91

Fuel consumption in the world''s third biggest oil consumer, a proxy for oil demand, totalled 17.61 million tonnes, down 3.7% from December

By Rowena Edwards LONDON (Reuters) Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude oil soaring.

LONDON (Reuters) Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not seen for decades, Read More

The Permian has led U.S. shale production growth in recent months and will continue to do so in the coming months, but the oil price rally so far in 2022 has also driven increased drilling activity in other shale basins with higher breakeven prices. $90 oil is incentivizing more drilling activity in the Bakken in North Dakota, the Eagle Ford in Texas, Colorados DJ Basin, and in Wyoming, as the drilling economics at these high oil pricesthe highest since 2014are too attractive to pass up. In fact, the

President Joe Biden spoke on Wednesday with King Salman of Saudi Arabia about ensuring stable energy prices as well as Mideast security, in light of recent attacks by Yemeni rebels, and the status of talks over Tehran’s nuclear program.

The price of crude oil may face a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal.

Oil prices peaked up this Wednesday after the US crude inventories dropped by around 5 million barrels, versus market expectations of a slight increase. Such a behavior sparked further concern over tight supplies to the global market. Firstly, US crude stocks fell by 4.8 billion last week; the expectative was… The post Oil prices spike after inventories drop; US-Iran talks ongoing appeared first on Energy Capital Media .

The Nigerian National Petroleum Company (NNPC) Limited says it posted a total of $224.29 million receipt from crude oil and gas export in August 2021 as against $191.26 million in July 2021. This is contained in the August 2021 NNPC Monthly Financial and Operations Report (MFOR) released on Wednesday. A breakdown of the figures [] The post NNPC records $224.29m proceeds from crude oil, gas export appeared first on Freedom Online .

The possibility of a nuclear deal with Iran could bring some relief to a tight oil market.

Australian shares are set to rise; Wall Street advances; iron ore tumbles; $A, oil rises. Follow the latest here.

No oil producer around the world should hold back supply when demand is rising, the White House says as oil hit $90, noting that the U.S. Administration has left “all options on the table” to address high oil and gasoline prices and could use every legal and regulatory tool available. “Nobody should hold back supply at the expense of the American consumer, particularly as the recovery from the pandemic continues, and oil producers around the world have the capacity to produce at levels that match demand and reduce the high prices.…

Draw in US crude stocks fuelling supply concerns - EIA Strong demand in USA Iran-US nuclear deal capped upside Lingering eastern Europe tensions LONDON (ICIS)--Oil prices rose on Wednesday after the…

MRS Oil Nigeria Plc has indicted the Nigeria National Petroleum Corporation (NNPC), as members of the public linked it to the circulation of adulterated petrol. In a video circulating on social media, a staff member of MRS Oil was seen dispensing contaminated petrol to consumers, which led to a public outcry. Addressing the issue, MRS Oil accused Panama-based Duke Oil, which is a subsidiary of the state-owned oil and gas firm, of the importation of the adulterated fuel. Continue reading Adulterated Petrol: How MRS Oil Indicted NNPC at BizWatchNigeria.Ng.