Proshares Ultra Bloomberg Crude Oil ETF News

President Muhammadu Buhari has urged the National Assembly (NASS) to approve the sum of ₦2.557 trillion supplementary budget for petrol subsidy from July to December 2022. President Buhari on Tuesday submitted the 2022 Appropriation Act amendment proposal to the National Assembly. The amendment proposal is contained in a six-page letter sent to the House. The President also asked the National Assembly to review the Finance Act 2021. Senate President Ahmad Lawan and Speaker of the House of Representatives Femi Gbajabiamila read the letter in their respective chambers. Continue reading Buhari Urges NASS To Approve ₦2.557trn For Fuel Subsidy at BizWatchNigeria.Ng.

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has said Nigeria’s economy is expected to recover as oil prices are likely to keep r ising. Rewane spoke during Stanbic IBTC Holdings Plc’s webinar titled ‘2022 virtual economic outlook – Investing and planning in an election cycle’, which was organised to reflect on economic trends that shaped 2021 and project into 2022. He said, “The nation’s economy is expected to continue its rebound as witnessed in the last quarter of 2021 while oil prices are likely to remain high as major economies reopen fully and oil demand picks up. Continue reading Nigeria’s Economic Recovery Possible Due To Rising Oil Prices – Rewane at BizWatchNigeria.Ng.

Prices are steady after losing more than 3% in the previous session as investors mull easing geopolitical tension

An ''agreement in principle'' has been reached to transfer the toxic cargo from a rusting oil tanker abandoned off the coast of war-torn Yemen to another ship, the UN said Tuesday. Experts warn of the risk of a major environmental disaster posed by the 45-year-old FSO Safer, moored since 2015 off Yemen''s western port of Hodeida. An oil spill could destroy ecosystems in the Red Sea, shut down the vital port and expose millions of people to high levels of pollution, according to independent studies.

© Reuters. FILE PHOTO: Federal Trade Commission seal is seen at a news conference at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas By David French and Laura Sanicola (Reuters) – EP Energy is exploring a sale of oil-producing acreage in Utah it hopes will avert a challenge from a U.S. antitrust regulator …

Santos has more than tripled its annual underlying profit amid higher oil and LNG prices and flagged plans to review its assets and returns to shareholders after sealing a $21bn merger with rival Oil Search and delivering a bumper dividend to investors.

LIMA, Peru - Dozens of beaches near Lima were deserted and thousands of fishermen remained without work Tuesday, one month after an oil spill at a refinery created what the…

US major indices snap a three day losing streak Biden: Invasion remains distinctly possible Some of the geopolitical premium comes out of oil. How much is left? ECBs Villeroy: We will retain our full optionality about pace of normalization European major indices close higher in

The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 1.076 million barrels after analysts predicted a larger draw of 1.769 million barrels. U.S. crude inventories have shed some 80 million barrels since the start of 2021 and about 22 million barrels since the start of 2020. Global crude stockpiles are also low. In the week prior, the API reported a draw in crude oil inventories of 2.025 million barrels after analysts had predicted a build of 675,000 barrels. Oil prices were trading down sharply on Tuesday…

Higher oil and gas prices drive a more than trebling in full-year profit and Santos has forecast a surge in output this year after the Oil Search merger.

Dozens of beaches near Lima are deserted and thousands of fishermen remain without work, one month after an oil spill at a refinery created what the United Nations called the worst ecological disaster in Peru’s recent history

United States API Weekly Crude Oil Stock climbed from previous -2.025M to -1.076M in February 11

A consumption boom and soaring prices for basics like oil, coal and coffee caused GDP to rocket 10.6% in 2021.

API reported crude inventories fell 1.1mb, relative to the DOE expectation for a draw of 1.6mb on the week.Crude inventories at Cushing fell 2.4mb on the week according to the…

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 1.1 million barrels for the week ended Feb. 11, according to sources….