Proshares Ultra Bloomberg Crude Oil ETF News

Iraq''s federal crude exports, excluding flows from the semi-autonomous Kurdistan region, rose 3.5% in February from a month earlier, the oil ministry said March 1, amid a higher OPEC+ quota. Federal oil exports reached 3.314 million b/d in February, the ministry data showed, from 3.202 million b/d in January. Iraq''s OPEC+ quota in February was 4.325 million b/d, up from…

Canada is taking more action against Russia in response to its ongoing attack on Ukraine. Natural Resources Minister Jonathan Wilkinson says Canada wi…

European stock markets sagged and oil jumped back above $100 a barrel on Tuesday as markets struggled with massive uncertainty caused by Russia''s invasion of Ukraine, while the rouble recovered from a rout driven by Western sanctions.

Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday, said international oil companies (IOCs) divesting from Nigeria’s upstream sector must address abandonment and decommissioning of oil assets. The post NNPC gives OICs conditions for divestment from Nigeria appeared first on The Guardian Nigeria News - Nigeria and World News .

Asian shares rose Tuesday as global investors eyed talks aimed at ending the Russian military assault on Ukraine, which so far have yielded just an agreement…

Assam Chief Minister Himanta Biswa Sarma has said that the PM Gati-Shakti Master Plan initiative will give an immense boost to connectivity and lead to rapid infrastructure and economic growth. CM Sarma said this while attending the North East Zonal Conference for PM Gati-Shakti Master Plan for multi-modal connectivity in the presence of Union Minister of Petroleum & Natural Gas Hardeep Singh Puri, which was held at Guwahati.The Assam government has also requested the Centre to take steps for allocating some of its shares to the state government in Oil India Limited (OIL).The CM said that the Assam government is extending full cooperation to the oil sector companies to realize the vision of increasing the area of exploration. Moreover, to help OIL in its smooth functioning, he urged the Union Minister to take steps for allocating some of its shares to the State government.Sarma said that the Prime Minister reaffirmed his commitment to growth by allocating funds for the development of capital infrastructure in the Union Budget.

Sushil Chandra Mishra, Chairman and Managing Director (CMD) of Oil India Limited (OIL) said following the Russia Ukraine war the company has not analysed any impact as things are going on normally.OIL has its interests in Russia. Mishra who was addressing a media conference in Guwahati on Tuesday when asked if OIL has witnessed impact due to ongoing Russia-Ukraine war, he said, “As far as the question of Russia and Ukraine is concerned it may be too early to offer any comment. It is a political issue, let it get resolved.”He added, “We have not been able to analyze any impact as things are going on normally.OIL has reported 152% growth in the Profit After Tax (PAT) for the period ended 31st December 2021. The Company has reported profit of Rs 2,257.30 crore in the period as against Rs 894.03 crore in the Nine months’ period last year.OIL has initiated the action for the establishment of a 100 KW capacity pilot plant for generating Green Hydrogen with AEM Technology at its Pump station in Jorhat Assam.

Asian shares have advanced as investors eye talks between Ukraine and Russia aimed at trying to end the war

Beijing is walking an increasingly slippery tightrope when it comes to Russia. China relies on crude from the now pariah state for nearly a fifth of total imports. Though the pair can sidestep Western sanctions on Moscow and settle most transactions in yuan, being too helpful could backfire on Beijing. Its banks will be caught in the crossfire either way.

Residents of Amuokpokpor-Elume community and its neighbouring communities in Sapele Council of Delta State are reportedly grappling with oil spill from wellheads, operated by Conoil. The post Residents lament as oil spill hits Delta communities appeared first on The Guardian Nigeria News - Nigeria and World News .

Crude oil futures were higher in mid-morning Asian trade March 1, as the market assesses the impact of restrictions on Russia''s use of SWIFT international payment system amid looming threat of sanctions on Russia''s energy sector. At 11:53 am Singapore time (0353 GMT), the ICE May Brent futures contract was up 71 cents/b (0.72%) from the previous close at $98.68/b,…

A Houston company facing criminal charges over a Southern California oil spill sued the owners of two container ships that it says dragged their anchors over an undersea pipeline nine months before it ruptured.

Given inflation is already tracking at 6%, a further rise in oil prices and catchup of retail fuel prices will imply that inflation remains above the 6% mark, Morgan Stanley said

https://www.investing.com/news/economy/us-december-oil-demand-hits-highest-since-before-pandemic-eia-2774426

(Reuters) -U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 million barrels per day (bpd).