Proshares Ultra Bloomberg Crude Oil ETF News

On November 3, the Centre went for the deepest excise duty cut ever to cool prices from record highs, reducing the duty on petrol and diesel by Rs 5 and Rs 10 respectively

SYDNEY: Australia''s largest energy firm and biggest carbon emitter AGL on Monday rejected a takeover bid from green-minded tech billionaire Mike Cannon Brookes, who planned to shutter the firm''s coal-fired power plants. Atlassian co-founder Cannon Brookes had teamed up with Brookfield Asset Management to offer US$5.8 billion for the electricity production and distribution firm with a view to shutting major coal power plants 15 years early. Cannon Brookes has long been vocal in his criticism of the Australian government''s pro-coal policies and the energy industry''s lack of ambitious climate goals. The bid would have seen AGL move much more rapidly to decarbonisation, including by shutting coal power plants by 2030 -- rather than 2045 as currently planned. Oil slips on Ukraine summit plan, prospect of Iran nuclear deal But AGL''s board decided the unsolicited offer, which priced the firm at 4.7 percent more than Friday''s closing stock price of AUS$7.16, undervalued the company and was "not in the best interests" of shareholders.

European Commission President Ursula von der Leyen said Russia would be cut off from international financial markets and denied access to major exports needed to modernise its economy if it invaded Ukraine

U.S stock-index futures fell Sunday, amid even more urgent warnings from U.S. officials that a Russian invasion of Ukraine could come soon.

While oil traders keep an eye on Russia, theyre also looking to a possible nuclear deal with Iran that could help add to global supplies.

Oil prices could be set for a prolonged period above $100 a barrel over the next six to nine months, with the world setting fresh demand records this year, said Vitol Group Chief Executive Officer Russell Hardy.

Vitol CEO speaking in Bloomberg intervieew. he sees oil prices at $100+ for ''a prolonged period'' at some point in the next 6-9 months supply will continue struggling to catch up with ''surging'' demand in the second half of this year says shale production is constrained and is not going t

Headlines via Reuters, not much here to sink your teeth into really: Kuwait oil minister says OPEC+ is very sensitive on how markets reactIraq oil minister says OPEC+ should continue with the current agreementIraq oil minister says we need to stick with current agreement to avoid surprise

Cost headwinds come amid improved Q3 showing, rising yields

Bloomberg Quicktake: Now published this video item, entitled "Peru''s Beaches Still Contaminated One Month After Oil Spill" - below is their description.

Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to JODI

Saudi Arabia''s crude oil production has soared to over a million barrels per day, (bpd) according to data from the Joint Organizations Data Initiative

Fundamental outlook Last Wednesday, Russian troops retreated from Ukrainian border to Moscow. The war tension ebbed and WTI Crude prices waned from its seven-1/2 year high. The following day, Ukrainian Government blamed the pro-Russian separatists for attacking the villagers near the border. On Friday, President Joe Biden warned that Russia might attack Ukraine within []

Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to the Joint Organizations Data Initiative (JODI).

Both the Somalian president and the country''s prime minister have rejected the oil exploration deal inked by one of the ministers. The leaders said they are protecting the country''s national resources.