Proshares Ultra Bloomberg Crude Oil ETF News

Data is expected to strengthen despite rising oil prices, interest rates and geopolitical tensions

A full return of Iranian oil would have an effect, but does it give Tehran a major advantage in nuclear negotiations?

Sent millions of barrels of crude from the U.S. Strategic Petroleum Reserve — record amounts to Asia. And that was last year.

The federal government is under pressure to reduce its fuel tax to ease the burden of rising petrol prices. South Australian Premier Steven Marshall has written to the Prime Minister, asking for action in the upcoming federal budget. Average unleaded prices have increased to $2.20 a litre and could reach $2.50 a litre within weeks.

As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent, raised retail inflation projection to 6 per cent and expects current account deficit to widen to 3 per cent of GDP. India is also affected by tighter financial conditions influencing business/investment sentiment.

India Business News: As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basi

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has blamed diesel scarcity on the recent clampdown on illegal refineries in the country. According to the association, the illegal oil facilities were producing diesel in manageable volumes for the market, which reduced the cost of locally produced diesel when compared to the imported product. BizWatch Nigeria understands that as of Friday, March 11, 2022, a litre of diesel was sold for N655. Continue reading Marketers Blame Diesel Hike On Clampdown On Illegal Refineries at BizWatchNigeria.Ng.

Amid an exodus of Western European and U.S. companies from Russia, Chinese businesses are seeking to take their place, Bloomberg reported this week, citing unnamed sources in the know. It was only a matter of time, really. Nature abhors a vacuum, and so does business. Chinese business, in addition to this, is quite pragmatic, unlike …

As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent

Read more about Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23 on Business Standard. As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent

Bidding for 75 small and marginal oil and gas discoveries, mostly of ONGC, that are being offered in the DSF-III bid round, will begin on April 1 and close on May 16, according to the DGH.

The Kremlin''s all-around invasion of Ukraine has heavily stirred fear of a global economic impact with expenses rising to skyrocket level especially crude oil and energy prices.

UK Prime Minister Boris Johnson is expected to travel to Saudi Arabia next week for talks about oil with Crown Prince Mohammed bin Salman. MP''s are calling on the Prime Minister to persuade the Saudis to release more oil to ease Britain''s cost of living crisis.

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries.