Proshares Ultra Bloomberg Crude Oil ETF News

The White House says no to a Russian oil ban despite an increased call for tougher measures from Democrats and Republicans

Nuclear Negotiators Announce Being "Very Close" To Final Iran Deal At a moment that the Biden administration is coming under severe scrutiny over why it hasn''t targeted or blocked Russian oil imports with sanctions - Thursday witnessed significant rumblings that world powers negotiating with Iran are on the cusp of a restored nuclear deal . One top EU foreign policy official confirmed that the Vienna process is now in the "final stages" but still cautioned "we are definitely not there yet" while an early evening CNN report cited a State Department official who said negotiators are "inching forward" toward reaching a deal . UK chief negotiator (Twitter translate) "We are very close to an agreement. All parties have negotiated constructively under the leadership of the EU Coordinator _Enriquemora @. Now we have to take a few final steps. #ViennaTalks " https://t.co/MvRjksRxBm — laurence norman (@laurnorman) March 3, 2022 "While there has been significant progress and we are close to a possible deal, a number of very difficult issues remain unresolved," the official told CNN .

The White House is signaling restraint in imposing a ban on Russian oil as an addition to the list of sanctions meant to punish President Vladimir Putin for his invasion of Ukraine. Several members of Congress from both sides of the aisle have criticized a carve-out in U.S. sanctions exempting gas and oil, saying that […]

Finding common ground to counter Russian aggression toward Ukraine through energy policy would be a breakthrough for the divided Congress, which has shown remarkable resolve in unifying U.S. support for Ukrainians but has struggled over concrete steps that would help the Western-style democracy battle the Russian invasion.

Since Biden took office in January 2021, the long-standing strategic partnership between Saudi Arabia, the world''s top oil exporter, and Washington has come under strain over Riyadh''s human rights record, especially with respect to the Yemen war and the 2018 murder of Saudi journalist Jamal Khashoggi.

Crude oil prices were pushed to dizzying heights Thursday as investors maneuvered around Russian products.

MTN Group Ltd., Africa''s largest telecom network, is nearing market values not seen in seven yea…

As the OPEC+ coalition tries to ignore an oil shock unleashed by one of its leading members, relations with consumers are deteriorating.

Oil and gas companies, already feeling the heat from climate activists to invest in renewable energy, were among the companies that announced the most rapid and dramatic exits

The market’s largest two energy exchange traded funds, Energy Select Sector SPDR ETF (XLE) and the Vanguard Energy ETF (VDE), have hit record trading highs as crude oil marches higher.

German Economy Minister Robert Habeck said he’s against the idea of a ban on imports of Russian oil, gas and coal, while reiterating the urgency of the need to reduce reliance on Moscow for energy supplies.

Motorists in Cyprus will be given a respite from rising fuel prices, as the government stepped in to lower the tax on petrol by some seven cents a litre, while the period for the reduced VAT on electricity costs is to be extended. A 6.4 cent tax reduction per litre will be introduced for heating fuel. Finance Minister Constantinos Petrides made the announcement on Thursday, noting that authorities have decided to slash the consumer tax on petrol to the lowest possible permitted under EU law. Petrides said that following the decision, Cyprus now has the lowest tax amongst its fellow The post Respite for motorists as petrol tax slashed 7c appeared first on Financial Mirror .

Nigeria News | Laila''s Blog “We have 1.7bn litres of petrol, don’t panic buy” – NNPC to Nigerians The Nigerian National Petroleum Company (NNPC) Limited has urged Nigerians to avoid panic buying as they currently have over1.7bn liters in stock for distribution across the country. For weeks now, there have been long lines of the queue for petrol across the federation after the circulation of adulterated fuel. The NNPC is now urging people not to join the long queues in panic buying, as there is enough fuel to circulate across the country. Addressing journalists in Abuja on Wednesday March 2, shortly after a meeting with the National Union of Petroleum and Natural Gas Workers (NUPENG), Petrol Tanker Drivers (PTD), Depot and Petroleum Marketers Association of Nigeria (DAPMAN) and Major Oil Marketers Association of Nigeria (MOMAN), NNPC Group Managing Director, Mele Kyari disclosed that there is 1.7bn litres of petrol in stock and the country has the capacity to load out trucks excessively from all depots to fill the supply gap facilitated by panic buying.

France said on Thursday it had seized a superyacht owned by Russia’s oil czar Igor Sechin, following up on threats to attack sanctioned oligarchs close to Russian leader Vladimir Putin. The vessel, “Amore Vero”, was seized at a shipyard in La Ciotat on the French Riviera, a popular summer playground for the super-rich where many tycoons moor their boats for pleasure or maintenance. “French customs carried out the seizure of the yacht Amore Vero in La Ciotat as part of the implementation of European Union sanctions against Russia,” said a statement from the French Finance Ministry. The 85.6-meter (280-foot) vessel was owned by a company “in which Sechin is the main shareholder,” the statement added. Sechin, seen as part of Putin’s closest inner circle and a former deputy prime minister, is chief executive of Russian oil giant Rosneft. Forbes magazine reported that German authorities also seized the “Dilbar” superyacht belonging […] France seizes Russian oil supremo’s yacht as EU sanctions bite NNN NNN - Nigeria News, Latest N igerin Newspapers Updates Today

Oil prices soared again as the Ukraine war triggered a dash for commodities that could be in short supply, while stock markets slipped