Proshares Ultra Bloomberg Crude Oil ETF News

Oil and gas investment in Nigeria, Africa’s biggest producer, has fallen to a record low, even as the country’s production outlook has not appeared as uncertain as it does now, Renaissance Capital Limited said on Wednesday. The Russia-based investment bank said in a new report that the under-investment and chronic infrastructure issues plaguing the country’s… Read More

17 Feb 2022 - Mixed finish on Wall St recovering from a morning slump as investors combed through the Fed minutes and keep an eye out on mounting tensions between Ukraine and Russia. Iran’s nuclear top negotiator tweet leads oil prices lower. Iron ore price deep dive. Over 20 companies set to unveil trading updates today. Labour force figures for January due at 11.30am AEST.

Here''s an epic plot twist in the American political drama: A President and party that came to office promising to wean the country off oil and gasoline to save the planet are now looking for ways to bring down the price of oil and gas to save a presidency.

With the energy transition now in full swing, the green and low-carbon energy sectors have been seeing record investment inflows as governments as well as public and private sectors double down on climate goals. In 2021, global spending on green energy climbed 27% Y/Y to a record $755B as per a Bloomberg New Energy report. That compared favorably with annual global energy investments which are estimated to have increased 10% Y/Y to USD 1.9 trillion, in line with pre-crisis levels. In the past, fossil fuel companies have been repeatedly lambasted…

Australia''s Santos cautious on Alaska, Australia oil projects Reuters

Wall Street Journal link is here (may be gated) . In brief from the article: President Biden has repeatedly called on Persian Gulf producers to pump more oil to reduce gasoline prices that, for Americans, are about twice as high as they were earlier in the pandemic. Those calls have grown more

(Reuters) – Woodside Petroleum Ltd said on Thursday its annual profit more than tripled, helped by higher prices and strong demand for oil and gas.

U.S. crude oil stockpiles rose unexpectedly last week, even as inventories at the key Cushing hub dropped to their lowest level since 2018 ~ EIA

Alberta looks set to return to a budget surplus this coming fiscal year, ending seven years of deficit, as surging oil prices swell provincial royalty revenues

1) The US wants oil prices to be lower 2) Iran can add 500k bpd right away and another 500k bpd by year end That’s the recipe for a deal. There’s been a small further dip in oil prices on these headlines. Kani wrote: After weeks of intensive talks, we are closer than ever to […] The post Iran nuclear negotiator says ‘closer than ever’ to agreement appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

People are being told not to remove them from the beach

Crude oil falls below its 100/200 hour movinng averages The price of crude oil has tumbled lower over the last few hours, and in the process has pushed back below its 100 hour moving average at $92.59 and 200 hour moving average and $91.60. The low price reached $90.94. Yesterday the lo

The Major Oil Marketers Association of Nigeria (MOWAN) on Wednesday ordered filling stations in the country to extend their hours of operation in a bid to end the long queues at the retail outlets. Queues had returned to fuel stations in Lagos and other parts of the country following the discovery of off-spec petroleum products in circulation by industry regulators. The MOMAN Chairman, Olumide Adeosun, gave the directive in a statement on Wednesday in Lagos. He ordered the filling stations to operate between 18 to 24 hours daily. Aside from retailers, jetties and depots are also expected to work with this timeframe as the marketers continue to work alongside Nigerian National Petroleum Company (NNPC) Limited and other regulatory authorities to resolve the fuel crisis experienced by motorists, businesses and households. READ ALSO: Dead refineries cost Nigeria N10.7trn in 10 years —Oil Marketers Adeosun said: “Most importantly, MOMAN members have committed resources towards enhanced operations and associated activities to reduce the burden of the current fuel scarcity to our customers.

NATO stressed concerns of Russia’s military build-up around Ukraine borders A draw in US refined products - EIA Optimistic Iran nuclear deal developments limited gains Weak US Dollar supporting…

The post $120B Oil and Gas Giant ConocoPhillips Joins The Bitcoin Mining Fuel Business ⋆ ZyCrypto appeared on BitcoinEthereumNews.com . Advertisement     ConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining. According to a Tuesday…