Proshares Ultra Bloomberg Crude Oil ETF News

President Joe Biden came into office with an agenda prioritizing a shift away from fossil fuels and to renewable energy. He also signaled early on that his administration would be revising U.S. relations with nations that have traditionally been considered close allies, such as Saudi Arabia. Now, those agendas have been trumped by a much bigger and more immediate problem: keeping gasoline affordable for Americans and reining in runaway inflation, which hit the highest in four decades in January and then beat that in February. And all that was before…

Airline stocks rose on strong guidance and lower oil prices. ANIP and COUP plunged on earnings news. ABBV set a fresh high. AKAN jumped in its first session following an IPO.

The equity market rebounded after a three-day slide while crude hovered near $95 a barrel.

Americans support continued operation of DAPL by a 5-1 ratio, 6-1 ratio among ND residents WASHINGTON , March 15, 2022 /PRNewswire/ -- Ninety percent of Americans support President Biden''s decision to ban oil imports from Russia – at least temporarily – in one of the first nationwide polls conducted after his announcement. A third of respondents would support a permanent ban on Russian oil, the poll found. To make up for the loss of Russian oil, 53 percent of Americans would support increased U.S. energy production. … Full story available on Benzinga.com

Boris Johnson said the West had to wean itself off Vladimir Putin’s oil and gas.

The British Sovereign Base Areas on Tuesday said that customs officials busted fuel smuggling operations at the Pergamos and Strovilia crossing points, putting an end to illicit trade from the occupied north to the Republic. Motorists have often been queuing up at crossing points to buy petrol or motor diesel from Turkish Cypriot service stations, where a litre of fuel is often 30c or more below the pump price in the Republic. “As fuel prices continue to sky-rocket, regular operations have proved highly effective in stopping individuals and businesses attempting to buy low-cost fuel… and bring it into the SBAs The post Bases bust fuel smuggling from north appeared first on Financial Mirror .

Oil prices and Chinese stocks slumped after Beijing imposed sweeping Covid-19 lockdowns, while U.S. stock futures edged higher ahead of the start of a cycle of interest-rate rises from the Federal Reserve.

Asset manager Cathie Wood continues to buy and sell stocks amid the market''s volatility. Last week, she had choice words about oil prices.

Analysis: Many potential sites are either in ‘red wall’ areas or former safe constituencies in the south • Survey shows only five of 138 MPs in affected seats voice support Look at the map of onshore exploration licences in the UK, and you could be forgiven for thinking it was an illustration of target seats for opposition parties in the next general election. Ministers privately acknowledge that “rethinking” fracking would be politically very difficult. Those areas most ripe for the controversial oil and gas extraction method are marginals in the “red wall” of constituencies in the north that historically have tended to be Labour, many of which were won by the Tories in 2019. Many of the others are former safe Conservative seats in the south where the Liberal Democrats are limbering up to pick off disillusioned former Tory voters. Continue reading…

The Anambra State Government has described Air Peace commencement of three weekly flights into Niamey, Niger Republic, as a historic and decisive step in the economic integration of the African region. Willie Obiano, the state governor, said the resumption of flights from Abuja and Kano from March 11 “is historic because it will help end the awful trend in Africa where passengers from some African cities would have to fly to Paris or London or Madrid or Lisbon to catch a connecting flight to some other African city”, according to Don Adinuba, information and public enlightenment commissioner. “We are proud that a worthy indigene of Anambra State, Allen Onyema, founder and chairman of Air Peace , is playing a significant role in ending this regional blight which has been most embarrassing to all of us who are Africans”. Noting that Nigeria and Niger Republic are not just two neighbouring countries, Adinuba quoted Governor Obi as saying the citizens of both nations have so much in common. “The cultural propinquity between them is remarkably deep”, he stated, adding: “The Hausa language, for instance, is commonly spoken in both countries, and there are numerous families with members in both places”.

Crude oil put in an aggressive spike to start March trade but has since reversed all of that move. What''s next, and what prices might crude oil traders be looking for as support?

Active talks ongoing to price oil in yuan

WASHINGTON (Reuters) – U.S. producer prices rose solidly in February, and further gains are likely amid higher prices of crude oil and other commodities following Russia’s war against Ukraine.

Crude has cooled off sharply & now hovers around $100/bbl. Soumeet Sarkar of ET NOW explains the factors behind this and puts the limelight on companies that will be positively impacted.

Boris Johnson is to travel to the Middle East overnight for talks to urge Saudi Arabia and the United Arab Emirates to step up oil production in response to the Ukraine war, Downing Street has confirmed.