Proshares Ultra Bloomberg Crude Oil ETF News

UN officials have warned it could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.

In the week after the invasion, the average price for 900 litres of oil went up by more than £200.

There is a need to control energy prices across the globe as rising crude oil rates, amid the Ukraine crisis, are making raw materials costlier for steel industry, said to a top industry executive

ADEN — Yemen’s Houthi movement has signed an agreement with the United Nations to deal with a decaying oil tanker threatening to spill 1.1 million barrels of crude oil off the war-torn country’s coast, a Houthi official said. U.N. aid chief Martin Griffiths said last month that there was an agreement in principle to shift […]

Amid reports of ceasefire violation by Russia and no sign of easing tensions, analysts expect the prices to maintain the upward trajectory

World travel stocks face a difficult outlook as the war in Ukraine poses a deepening challenge to growth, and the intensifying rally in crude oil cripples aviation profit margins.

The United States and the European Union have been reluctant to slap sanctions on Russia''s oil and gas exports since Putin invaded Ukraine, as the Western allies are concerned about the repercussions on Europe''s energy supply and skyrocketing oil and gasoline prices. Still, potential sanctions on Russian energy exports are not off the table. If the West bans Russian oil, international crude prices could skyrocket to $150 per barrel, analysts say. But even in the event of no sanctions on Russian oil, prices are set to remain very…

Two-time Olympic gold medallist basketballer Brittney Griner faces up to 10 years in a Russian prison after being arrested at a Moscow airport.

Shell Oil, Europe’s largest oil company, has said it will donate the profits from a recent purchase of Russian crude oil to a fund designed to help Ukrainian refugees following criticism from Ukraine’s foreign minister. “We will commit profits from the limited amount of Russian oil we have to purchase to a dedicated fund,” the […]

‘Sustainable energy solutions simply cannot react instantaneously to make up for Russian oil & gas exports’

Iran paved the way for sanctions relief by agreeing to help end a contentious nuclear investigation, removing one of the final hurdles to an atomic deal that could see Iranian oil return to markets by the third quarter.

Russia’s attack on Ukraine represents a demand for a new world order that, over the long term, will support higher prices for fossil fuels, especially oil. Such an economy would probably be centered on Russia and China. The rest of the world economy, to the extent that it continues to exist, will largely have to get along without fossil fuels, other than the fossil fuels that countries continue to produce for themselves. Population and living standards will fall in most of the world. If a Russia-and-China-centric economy can be developed,…

© Provided by Xinhua "Either the government intervenes, or we will go hungry in the fields, with thousands of farmers abandoning their farms," said a farmers'' association. LISBON, March 5 (Xinhua) -- Inflation in global oil prices caus

LISBON, March 5 (Xinhua) -- Inflation in global oil prices caused a general readjustment of fuel prices in Portugal, causing a rush of consumers to fill up their cars. Long queues were seen at gas stations on Saturday across the country, and the government announced measures to soften the impact of the price increase. Portuguese finance minister Joao Leao told a press conference that he will grant a month

US PRESIDENT Joe Biden is coming under huge pressure to ban Russian oil imports, amid accusations that he is "funding Vladimir Putin''s war machine" with oil "stained with Ukrainian blood".