Proshares Ultra Bloomberg Crude Oil ETF News

Cairn Oil & Gas, a unit of Vedanta, will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells to explore new oil and gas reserves across its 51 blocks in the country, Prachur Sah, deputy chief executive officer of Cairn, said in an interview to Bloomberg TV on Friday.

Police in the US and Canada are warning drivers to take extra steps to protect their vehicles from possible gas thefts as fuel prices surge at a pace not seen in over a decade.

BELGRADE (Serbia), March 11 (SeeNews) - Serbia''s government said on Thursday that a cap on the retail prices of petrol and diesel, aimed at mitigating the

With few fresh catalysts from the Russia-Ukraine war, stocks were treading water into the end of a turbulent week, after data on Thursday showed inflation at a 40-year high.

Saudi Arabia and the Kremlin have become close, threatening hopes for added supply to make up for Russian crude.

In today’s letters to the editor: Russian history; Canadian oil; Canadian defence; global response; pictures from Ukraine

The invasion of Ukraine by Russia is coming with lots of social and economic implications in the global community, but concerns are key to disruptions in trade between developed economies and poor nations especially in Africa where Russia and Europe and America have significant economic interests. In terms of trade for instance, bilateral discussions between […]

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The Vice Chairman of the Public Interest and Accountability Committee (PIAC), Nasir Alfa Mohammed, says whereas the value of Ghana’s oil and gas exploration and production activities are valued at about $31 billion, Ghana only generated about $6.5 billion. This was from the PIAC’s latest analysis which took into account revenues starting from 2011 to …

Experts welcome ‘hint of better news’ as oil prices stabilise

Oil prices rose again and stock futures wavered, as Russia escalated its attacks on the Ukrainian city of Mariupol.

Nigeria and other African economies’ recovery is being threatened by the Ukraine, Russia war, the International Monetary Fund (IMF) Managing Director, Kristalina Georgieva has warned. Georgieva said the crisis would hamper Africa’s recovery rate following the setbacks reported during the COVID-19 pandemic which knocked Nigeria, South Africa and others into recession in 2020. She pointed out on Thursday, during a meeting with ministers of finance, Central Bank governors from African countries and representatives from the United Nations Economic Commission for Africa (UNECA), that food and fuel prices in Africa will rise amid the war in Ukraine. The IMF chief explained that Africa was at a delicate period, and the war would cause far-reaching consequences, considering the unprecedented sanctions meted out by the western countries against Russia. Ripples Nigeria had reported that Russia invaded Ukraine on February 24, 2022, and in response to defending Ukraine, United States, UK and their allies imposed economic sanctions on Russia.

Citi cut India’s FY23 real gross domestic product (GDP) growth forecast by 50 bps to 7.5 percent. The GDP growth could fall closer to 7 percent if crude oil prices remained elevated, Citi India stated.

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I guess most of you know what happened to oil this week. It went through the roof at the very beginning of the week, just to slightly reverse in the s