Proshares Ultra Bloomberg Crude Oil ETF News

Crude up over a dollar.UST higher, yen higher

Last week, President Biden said he would work like the devil to bring down gasoline prices. Somehow, after more than half a year of watching him beg Russia and OPEC to increase their oil production while making it more difficult for American oil

Several UAE energy firms are hoping to boost their oil output in the coming years, aiming to meet ongoing international demand as other world powers move away from fossil fuels to renewable alternatives. As the third-largest oil producer in OPEC, the UAE has extensive experience in oil and gas, with companies aiming to expand operations abroad and profit from the countrys extensive reserves. Abu Dhabis state-owned oil firm Adnoc is investing heavily in increasing its oil production by 2030. Last month it established

A solo Mandarin duck, spotted close to the Baghjan oil blowout site in upper Assams Tinsukia district on Sunday, unfortunately could not be seen on Monday.

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Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent

Analysts said the market remained tight and any addition of oil would help, but prices would remain volatile in the near term.

By Andrew Osborn and Dmitry Antonov MOSCOW (Reuters) -Russian President Vladimir Putin told the leaders of France and Germany on Monday that he planned to sign a decree recognising the two breakaway regions in eastern Ukraine as independent entities shortly, the Kremlin said. The French and German leaders voiced disappointment after hearing the decision, the Kremlin said in a readout of the phone calls. Moscow''s move is also likely to torpedo a last-minute bid for a summit to prevent Russia from invading Ukraine. Separately, Moscow said Ukrainian military saboteurs had tried to enter Russian territory in armed vehicles leading to five deaths, an accusation dismissed as "fake news" by Kyiv. Both developments fit a pattern repeatedly predicted by Western governments, who accuse Russia of preparing to fabricate a pretext to invade Ukraine by blaming Kyiv for attacks and relying on pleas for help from separatist proxies. Recognition by Moscow of the rebel regions'' independence will narrow the diplomatic options to avoid war, since it is an explicit rejection of a seven-year-old ceasefire mediated by France and Germany, touted as the framework for future negotiations on the wider crisis.

Egypt is expecting major investments in its oil sector this year as national and foreign oil companies increase operations across the country. The development of Egypts energy sector has been further supported by increasing petrochemical output and a strong export market. Its geographic location could make it a hub in the MENA region and its efforts to decarbonize will help it sustain its position in the international oil market. After a successful year in oil and gas in 2021, Egypt is expecting between $7.5 to $8 billion in foreign

Saudi Aramco, the worlds largest producer, also said it sees signs that demand is rising, especially in Asia. By Grant Smith and Devika Krishna KumarBloomberg Published On 21 Feb 202221 Feb 2022 Oil rose as leading market participants said they expect global demand to continue its powerful recovery from the pandemic and tensions mounted over Ukraine. West

LONDON, Feb 21 (Reuters) - The bull run in North Sea crude differentials showed no sign of coming to an end on Monday as Oseberg was bid at the highest in over a decade. PLATTS WINDOW * No deals, a trade source said. * Oseberg: Mercuria bid for a March

LONDON, Feb 21 (Reuters) - Traders were waiting for Angola''s April allocations on Monday while Shell issued key Nigerian loading programmes. * Total exports of four of Nigeria''s main crude oil grades are set to rise in April to about 512,000

LONDON, Feb 21 (Reuters) - Total exports of four of Nigeria''s main crude oil grades are set to rise in April to about 512,000 barrels per day (bpd), excluding two deferred Forcados cargoes, from 460,000 bpd planned in March, loading programmes

With the scarcity and high cost of petrol arising from the dirty product saga in Nigeria, there is a need for automatic car users and owners to devise means to save fuel in their cars. This current state of scarcity which has lasted for two weeks and still counting has been an inconvenience to motorists, as many have gone as far as purchasing black market by the roadside at ridiculous prices, not to talk of putting their cars at risk. While speaking to stranded motorists left with no option but to patronize the black market taking advantage of the scarcity, BusinessDay observed that drivers pay up to N400 for a litre of petrol while some spend more when they are in a hurry. However, for automatic car owners, there are a few driving techniques that can help save fuel. Air Conditioner The air conditioner (AC), which provides cold air inside the car by removing heat and humidity from the indoor air, consumes a lot of fuel. A study undertaken by Empa on behalf of the Swiss Federal Office for the Environment (FOEN) disclosed that turning off the air conditioner of a car helps in saving fuel.

The compliance of OPEC+ producers with their output cut surged in January, suggesting that the gap between nominal monthly output quotas and actual supply to the market continued to widen. OPEC+ members complied with a massive 129 percent of the production cuts last month, an OPEC+ source told Reuters on Monday. Thats up from 122 percent compliance in December and a compliance rate of 117 percent in November. In January 2021, OPEC producers compliance jumped to 133 percent, while the non-OPEC members of the OPEC+ pact had their overall