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Oil ETFs In Focus As “Top Kill” Begins

Michael Johnston — Wed, 26 May 2010 20:47:21 +0000

When an oil rig exploded and collapsed in the Gulf of Mexico last month, few imagined that the fallout from the disaster would still be making headlines nearly five weeks later. But the explosion spawned one of the worst environmental disasters in U.S. history, and resolving the situation has been a daunting challenge for all parties involved. BP, the British oil giant that has accepted responsibility for the leak, has attempted a variety of maneuvers to stop the flow of oil; all have had limited success. On Wednesday, BP announced that is was beginning a risky “top kill” operation that it hoped would plug the leaking well. Success in the initiative could mark a turning point in the company’s efforts to contain the disaster. But failure could mean that oil will continue to spill for another two months, as BP is nearly out of ideas for stopping the leak (see [...]

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Obama Opens Offshore Drilling; Oil ETFs Soar

Eric Dutram — Wed, 31 Mar 2010 19:38:44 +0000

Earlier today, President Obama announced that he is lifting bans on offshore drilling and oil and gas exploration off the Virginia coast, move likely to renew a heated debate between environmental groups and Big Oil. Obama also announced that he will be expanding lease sales for oil and gas exploration on the Atlantic seaboard. The plan, which will impact offshore exploration through 2017, includes the lease sale of a tract of Atlantic waters 50 miles off the Virginia coast and plans for new seismic studies along south- and mid-Atlantic states that could help pinpoint pockets of oil and gas. That research would guide future drilling decisions on the Atlantic seaboard. The lifting of the ban on offshore drilling is controversial because it paves the way for the first sale of offshore oil and gas in the Atlantic in more than two decades. Environmentalists have been opposed to offshore drilling for [...]

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The Definitive Oil ETF Guide: List of Oil ETFs and More

Andy H — Thu, 22 Oct 2009 23:00:56 +0000

Direct investment in crude oil products used to be limited to major financial institutions and oil companies themselves, but the development of the ETF industry in the U.S. has democratized the investment process in many ways, including making investments in various oil products accessible to average investors. There are a number of exchange-traded products that offer exposure to prices of various types of oil utilizing an array of investment strategies. Whether you’re looking to bet on short-term movements in oil prices or hedge against skyrocketing prices, ETFs offer an efficient, cheap, and easy way to gain exposure to commodity prices. How Oil ETFs Work At a high level, oil ETFs function just like any other exchange-traded product: they track an underlying index. But unlike traditional equity ETFs that hold a basket of securities comprising the underlying indexes, most oil ETFs achieve exposure in a very different manner. Because physically buying [...]

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ETF Database » XES

Oil ETFs In Focus As “Top Kill” Begins

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Obama Opens Offshore Drilling; Oil ETFs Soar

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The Definitive Oil ETF Guide: List of Oil ETFs and More

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