United States Oil Fund Lp ETF News

ABUJA The Federal Government has promised to address the concerns raised by the Ogoni community about the on-going environmental remediation of oil impacted sites in the area being carried out by the Hydrocarbon Pollution Remediation Project (HYPREP). Minister of State for Environment, Sharon Ikeazor made the promise while addressing community leaders, youths, women groups []

FUEL retailers should cut their prices immediately according to leading motoring organisation the RAC, as companies protect profits despite a drop in wholesale costs. Read more here Daily Express :: Cars Feed Cut petrol prices this week! RAC demands price drop as retailers rake in record profits

It now says that petrol has actually gone up 75 cents a liter and not the 81 cents it announced on Monday.

President Nguyen Xuan Phuc and his Russian counterpart Vladimir Putin have affirmed that cooperation in energy, oil and gas remains one of the major pillars of the comprehensive strategic partnership, bringing practical benefits to both countries. Wednesday, 01 December 2021 8:13 AM

Set to bridge the gap between the Maruti Suzuki Ertiga and Toyota Innova, the Kia Carens is expected to be offered with a choice of petrol and diesel engines.

SOCAR Turkiye, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has increased the capacity of its oil refinery in Turkey on the Aliaga Peninsula and brought it to 11 million tons of oil per year, Director-General of SOCAR Turkiye Zaur Gahraman

In the wake of the SPR release, from the US and some Asian countries, there was chatter of an angry OPEC+ cutting output in retaliation. If they do they''ll cop a lot of blame for fuelling (sorry for the pun) even higher inflation that''ll potentially stifle the global economic recovery. On the other hand, the group has expressed concerns of oversupplying the market. This will be an interesting meeting. By Eamonn Sheridan

New Delhi, November 30 The central government''s mop-up from excise duty levied on petrol and diesel more than doubled to Rs 3.72 lakh crore in the pandemic year 2020-21, out of which states were given less than Rs 20,000 crore, according to a reply by the government in the Rajya Sabha on Tuesday. Minister of State for Finance Pankaj Chaudhary, in a written reply to a question, stated that collection from levy of central excise duty on petrol and diesel increased from Rs 1.78 lakh crore in 2019-20 to Rs 3.72 lakh crore in 2020-21 (April 2020 to March 2021). The increase in the collection was mainly on account of rise in the incidence of taxation on fuels. Total excise duty on petrol was Rs 19.98 per litre in 2019 and Rs 15.83 a litre on diesel. The government raised excise duty twice last year to Rs 32.98 per litre on petrol and to Rs 31.83 on diesel. PTI

The Pan-Niger Delta Forum (PANDEF) has tasked state governments and other stakeholders in the Niger Delta to think beyond oil, and work out sustainable livelihoods for the people of the region. The National Chairman of the forum, Senator Emmanuel Ibok Essien said this, yesterday, in Port Harcourt during the official opening of the Rivers State []

Goldman Sachs says the move lower in oil has been "exacerbated by capitulation flows and negative gamma effects" On the demand outlook GS say: And: By Eamonn Sheridan

DXY was all over the place last night as Omicron wrestled with an increasingly hawkish FOMC: The Australian dollar was weka on the crosses but desperate traders saved it from a bowel shaking new low against USD:There are 1545 words left in this subscriber-only article.Get your first month for $1 Oil is falling as fast

United States API Weekly Crude Oil Stock fell from previous 2.307M to -0.747M in November 26

The inventory data from the private survey is out now, official data follows Wed. morning (US time) Via Zero hedge: By Eamonn Sheridan