Proshares Ultra Bloomberg Crude Oil ETF News

Japan plans to sell an additional 300,000 kiloliters, or 1.89 million barrels, of Hout crude from its national petroleum reserves via a public tender in April, the Ministry of Economy, Trade and Industry said March 16, the last sale in its joint efforts with the US and other countries to stabilize oil prices. In its latest tender scheduled April 8,…

Asia''s run rates and oil demand will come under pressure in coming months on the back of high oil prices and tight feedstock availability, and the swelling availability of spot Russian cargoes shunned by buyers elsewhere may do little to ease Asia''s pain, speakers at the S&P Global Commodity Insights Asian Refining and Petrochemicals Summit said. In addition, higher energy…

Roughly 1.89 million barrels, or 300k kilolitres, of oil will be auctioned

https://www.investing.com/news/commodities-news/oil-up-but-ukraine-conflict-continues-to-add-to-volatility-2785463

Stakeholders in the downstream segment of the oil and gas sector as well as some members of the private sector have projected that the country’s spending on subsidy may exceed the N3 trillion appropriated for it going by oil futures… The post Subsidy borrowings may exceed N3tr as landing costs surpasses N400/litre appeared first on The Guardian Nigeria News - Nigeria and World News .

Oil prices recouped to gain over 1% to around $101 per barrel early on Wednesday after having fallen below $100 in the previous session for the first time this month, but the pull and push in…

David Speirs says he would like to see federal contribution to EV subsidies and calls electric transition a ‘pressing’ need Get our free news app ; get our morning email briefing Follow our Australia news live blog for the latest updates South Australia’s energy minister has challenged the federal government to “fast-track” Australia’s transition to electric vehicles by matching the state’s subsidy scheme aimed at increasing uptake. Speaking to Guardian Australia, David Speirs said that with a federal election “on the horizon” and an oil price shock caused by Russia’s invasion of Ukraine, there had “never been a better time” to transition to electric cars. Continue reading…

West Texas Intermediate (WTI), futures on NYMEX, is oscillating around $95.00 but is likely to bear more pain amid a promise of higher oil supply by t

There is a disconnect between tearful rhetoric about Ukraine and sacrifices this might require

49 Republican Senators Will Oppose Iran Nuclear Deal Authored by Jason Ditz via AntiWar.com, In a sign that getting the P5+1 nuclear deal with Iran through Congress might be difficult, if not impossible, 49 out of 50 Republican Senators have announced they will not back any deal that doesn’t limit Iran’s missile program and "confront Iran’s support for terrorism." The deal isn’t intended to cover those issues, merely Iran’s civilian nuclear program. The terms are not public, but its not expected to touch on either issue. Sen. Rand Paul (R-KY) was the only senator to not come out opposed . Sen. James Risch (R-ID) speaks during a March 9 Senate Republican news conference, Getty Images. Sen. Paul said it didn’t make sense to condemn an unfinished deal , saying it is "not a very thoughtful position." It is unclear where Senate Democrats will fall on the deal. Either way, reports noted that the nuclear deal survived Congress in 2015 despite overwhelming Republican objection and their control of the Senate.

India Business News: NEW DELHI: India is close to clinching a deal with Russia for buying 3.

New lockdowns dragged prices back below $100 a barrel, casting fresh uncertainty on a global economic expansion hamstrung by the war in Ukraine, rising inflation and the end of stimulus.

A record 81 people were executed in Saudi Arabia on March 12.

The Prime Minister will also visit the UAE after declaring the Gulf states ‘key international partners’ for ending ‘addiction’ to Russian oil.

UK Prime Minister Boris Johnson will meet with the crown princes of Saudi Arabia and the UAE March 16, his office said, seeking more oil supplies from the OPEC members as western powers continue to scramble for alternatives to Russian energy. Sanctions imposed on Russia''s financial sector have effectively cordoned off a significant chunk of the country''s more than 7…