Proshares Ultra Bloomberg Crude Oil ETF News

A shocking rise in petroleum prices has given birth to widespread public outrage. Representatives of the trading community, farmers and transporters have reacted sharply to the increase. The unorganised sections of the lower middle class commuting on motorbikes have also been badly hit by the rise. What has worried the government most are the concerns […] The post Massive rise in petrol prices appeared first on Pakistan Today .

Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.

DUBAI, United Arab Emirates — Saudi Arabia is signaling it isn''t willing to pump more oil and won''t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels. This has Washington concerned as gasoline prices rise and tensions with Russia …

Inflation was already hurting Americans’ wallets at the gas pump. And now, the Ukraine crisis could drive those prices even higher. Dan Dicker, a longtime oil and energy markets strategist, warns that gas prices could soar as high as $7, as the cost of crude oil continues to rise with …

By John Kemp LONDON (Reuters) – U.S. distillate fuel oil stocks are on course to fall critically low between now and the middle of the year, creating conditions for a potential spike in both crude and fuel prices, unless demand from freight firms falls.

TEHRAN: The Iranian Foreign Ministry on Wednesday confirmed talks with South Korea on resuming Iran''s crude oil exports and unfreezing Iranian assets held in the East Asian country. Over the past few days, a team of Iranian oil and banking sector experts visited the South Korean capital of Seoul to negotiate with South Korean officials and companies over resuming Iran''s oil exports, Iran''s Foreign Ministry spokesman Saeed Khatibzadeh told reporters, according to the official news agency IRNA. During the visit, the Iranian side stressed the removal of the illegal restriction on the country''s frozen assets in South Korea, Khatibzadeh said. He added that Tehran-Seoul relations can return to normal through the resumption of Iran''s oil exports to South Korea and investments from South Korea to economic projects of Iran.

Oil and Gas giant Seplat Energy set the bourse on a downward trajectory after traders sold their holdings. The post Nigerian stocks close flat, set for second consecutive weekly loss appeared first on Premium Times Nigeria .

Envoys from countries involved are still negotiating details of the draft accord amid Western warnings that time is running out before the original deal becomes obsolete.

A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian crude oil at sea despite American sanctions targeting the Islamic Republic amid the collapse of its nuclear deal with world powers, an advocacy group alleges. The firm said Thursday it is cooperating with U.S. government investigators.

The Canadian dollar edged lower against its U.S. counterpart on Thursday as the price of oil, one of Canada''s major exports, fell and rising tensions over Ukraine bolstered demand for safe-haven assets, including the greenback.

A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian crude oil at sea despite American sanctions targeting the Islamic Republic… Read more » The post Group Alleges U.S. Firm’s Tanker Illicitly Traded Iran Oil appeared first on Hamodia . In related news: Bavarian Official: Ansbach Attack Suggests Islamist Motive Austria’s Presidential Election Rerun Postponed Hungary Blasted for Rule Detaining Refugees in Containers U.S.-Backed Force in Syria Hopes to Complete Evacuation of IS Enclave on Thursday Ukraine Court Forces Probe Into Biden Role in Firing of Prosecutor Viktor Shokin

Oil prices maintained their gains in American trade amid surging geopolitical tensions between …

A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian crude oil at sea despite American sanctions targeting the Islamic Republic

Oil tumbled in Asia on signs an Iranian nuclear deal could be close, while the market continued to monitor the standoff over Ukraine.

Crude oil has paused in its run upward as geopolitical tensions take center stage over supply concerns. Will WTI go higher?