Proshares Ultra Bloomberg Crude Oil ETF News

A drop in oil prices helps to lift the U.S. indexes.

Here’s a look inside Putin’s arsenal if he were to retaliate to Western sanctions on Russia and how that relates to the country’s considerable exports of oil and gas.

Vice President Yemi Osinbajo states Nigeria is diversifying from the oil sector so regarding improve quick financial development through jobs. The VP spoke on Friday at the commissioning of the Kimberly-Clark Huggies Diaper Manufacturing Plant in Ikorodu, Lagos. Noting that 7 million babies are born every year in Nigeria, Osinbajo expressed excitement that the factory signaled the beginning of greater investments. “Every brand-new manufacturing plant is an important action towards our belief that it is private financial investments, both foreign and regional, that should be the path to fast economic growth, with tasks and success”, he stated. On FG’s National Development Plan 2021-2025 sector cooperation), Osinbajo worried that the success of the plan depends significantly on a conscious dependence on private business and effort. An investment of N348trillion will be needed over the 4-year duration of the Plan, with government at all levels expected to offer about N49.7 trillion, while the economic sector is expected to invest N298trillion, he announced.

The US has no plans to intentionally disrupt energy flows from Russia as the risks to the fragile economic recovery and global oil markets remain too steep, a White House official said.

Crude prices settled lower Feb. 25 as concerns of near-term supply disruptions eased amid a lack of Western sanctions against the Russian energy sector. NYMEX April WTI settled $1.22 lower at $91.59/b and ICE April Brent fell $1.15 to $97.93/b. "Crude prices continue to drop as energy traders realize that War in Ukraine probably won''t lead to any disruptions of…

Gas prices at the pumps are well above $1.50 per litre throughout the Maritimes Friday and crude oil has surged past $100 a barrel, as the world continues to watch the crisis unfold in Ukraine.

Wheat and metals are among other key exports to watch

Vice President Yemi Osinbajo says Nigeria is diversifying from the oil sector so as to boost rapid economic growth through jobs. The VP spoke on Friday at the commissioning of the Kimberly-Clark Huggies Diaper Manufacturing Plant in Ikorodu, Lagos. Noting that seven million babies are born every year in Nigeria, Osinbajo expressed excitement that the factory signaled the beginning of greater investments. “Every new manufacturing plant is an important step towards our belief that it is private investments, both local and foreign, that must be the pathway to rapid economic growth, with jobs and prosperity”, he said. On FG’s National Development Plan 2021-2025 sector collaboration), Osinbajo stressed that the success of the plan depends greatly on a conscious reliance on private enterprise and initiative. An investment of N348trillion will be needed over the 4-year period of the Plan, with government at all levels expected to provide about N49.7trillion, while the private sector is expected to invest N298trillion, he announced.

PXP Energy Corp. was able to trim its net loss to P32.5 million last year from P45.9 million the year prior as its partnership in Peru for an oil and gas exploration fizzled out. The Manuel Pangilinan-led upstream petroleum firm said in a statement that this was due to a P1.66-billion full write-down of the […] The post MVP-led PXP Energy trims 2021 net loss appeared first on Inquirer Business .

* U.S. rig count up 2 to 522 -Baker Hughes * Biden works on coordinated SPR release * Ukraine battles Russian forces (Adds CFTC data) By Stephanie Kelly NEW YORK, Feb 25 (Reuters) - Oil prices slipped Friday after sharp rises early in the session on…

U.S. Sen. Mark Kelly (D-Ariz.) on Friday called for President Biden to release oil from the national stockpile and support legislation to suspend the federal gas tax in 2022 as he pushes to relive gas prices that rose aft…

Extended military action could result in increased prices of wheat and maize, in addition to high cost of oil.

(Bloomberg) -- Petroleos Mexicanos’ crude exports plunged in January as President Andres Manuel Lopez Obrador steps up his push to make the country self-sufficient in gasoline and diesel.

The GOP is doing the bidding of Big Oil, using the Ukraine crisis to push for more domestic oil and gas production.

Still stung by the last boom and bust cycle, and wary of Green New Deal-style anti-fossil fuel rules, U.S. oil producers remain hesitant to expand production.