United States Oil Fund Lp ETF News

The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

November 24, 2021 7:10 AM Biden administration wants domestic producers to do their part to add oil to the market.

Ashtead Technology has a history supplying subsea services to the oil and gas sector and it has diversified into the offshore wind market. The offshore wind services market is set to grow at 19% a year up until 2025. Europe is the largest market, but Asia is growing faster. Ashtead Technology, though, has operations around [] The post New AIM admission: Ashtead Technologys following wind appeared first on UK Investor Magazine .

The South African Maritime Safety Authority (Samsa) said that so far four birds and a penguin that had been contaminated with oil had been captured and were being cared for.

U.S. President Joe Biden will announce Tuesday that the country will tap into strategic oil reserves to help offset a surge in gasoline prices, the White House said.

Nov 23, 2021 (Bloomberg) Oil declined with India set to announce a modest oil stockpile release on Tuesday, the start of a U.S.-led effort by the worlds biggest consumers to tap reserves and tame high fuel prices.Futures in New York fell below $76 a barrel. India is said to be planning a 5-million barrel release from its stockpiles, Read more

The FTSE 100 gave up ground on Tuesday morning following the announcement of Jay Powell retaining his position as the Chairman of the Federal Reserve and weak commodities prices dragged the index. Jay Powells confirmation for a second term at the Federal Reserve caused concerns monetary policy would tighten faster than if second choice Brainard []

By Chen Aizhu SINGAPORE (Reuters) - China''s Sinochem Group is in advanced talks with state-owned PipeChina for using the energy infrastructure firm''s liquefied natural gas (LNG) terminals after it struck a U.S. deal to buy the superchilled fuel, people with knowledge of the matter said. The move comes after state-owned Sinochem, traditionally an oil and chemicals

India plans to release 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices, a top government official said on Tuesday

Iraq expects to end gas flaring at its oil fields by 2027

Residents of oil-rich Buliisa district in western Uganda have called on Government to come up with stringent measures against individuals or groups of people involved in forceful and often violent land grabbing in the area. Speaking at a local forum ahead of the Anti-corruption day, the locals of Buliisa reported that ever since oil deposits The post Buliisa Residents Decry Rising Cases of Land Grabbing first appeared on ChimpReports .

US President Joe Biden is facing low approval ratings due to high prices for gasoline and other consumer items during the recovery from the coronavirus pandemic.

A piece from Reuters on capacity constraints limiting oil output, worth a read. OPEC+ is so far sticking to its plan of gradually raising output by 400,000 barrels per day each month since August. But, even this level of production boost is out of reach, OPEC+ production was 700,000 bpd less than planned in both September and October, according to the International Energy Agency (IEA). By Eamonn Sheridan

Petrol, diesel prices today: Currently, one litre of petrol in Delhi costs 103.97 and diesel costs 86.67 per litre.