Proshares Ultra Bloomberg Crude Oil ETF News

Petrol, oil and gas have also recorded rebounding prices as tensions between Russia and the West fester into fears of conflict in Ukraine.

Prices are skyrocketing, but the ceiling may still be a ways off.

Crude oil markets stabilised on Monday after printing fresh seven-year highs earlier in the day, supported by the ongoing tense geopolitical backdrop

Ahead of its green bond debut, the Public Investment Fund was handed an $80bn stake in Aramco. By Anthony Di Paola and Matthew MartinBloomberg Published On 14 Feb 202214 Feb 2022 The Saudi sovereign wealth fund’s environmental credentials suddenly look a lot less appealing after it was handed an $80 billion stake in the world’s largest …

The price of black liquid in the Asian session hit its highest level on Monday in more than sev…

Just Stop Oil campaign to target petrol stations, fuel depots and refineries to demand end to fossil fuel investment

Iran has projected higher oil export revenues for its new financial year based on the draft budget for the 12 months to March 2023. Bloomberg reports, citing Iranian agency Tasnim, that the draft includes oil export revenues that are a third higher than those in a previous budget draft. The value of the exports is seen at around $115 billion. Iran''s oil exports are already on the rise, the latest figures have shown, despite continued U.S. sanctions. According to data from cargo tracking companies, Iran has been exporting some 1 million bpd lately,…

U.S. oil is set to be added to the worlds most important crude benchmark from the middle of next year.

There is no doubt that some of our members are having challenges to meeting their targetsWorld needs every barrel we can get at the momentEfforts by member countries are being made to continue to be reliable suppliers to the global marketWorld will be thirsty for oil for foreseeable future but we ar

Oil prices are well over $90 a barrel, and an invasion would most likely push them above $100. Reflecting the uncertainty, stock markets were sliding lower.

Nigeria, one of the world’s leading producers of oil with a population of over 200 million, is now faced with decline in government revenue due to unstable prices of oil, the country’s economic mainstay. Consequently, Nigeria’s government now depends largely on borrowing from rich nations and financial institutions to develop infrastructure, fund budget and stabilise the economy. Due to revenue shortfall, the government finds it difficult to attend to all the sectors of the economy that requires investment. This, according to pundits, is where socially responsible and sustainable businesses come in handy. These businesses evaluate the society where they operate to see some gaps that needed to be bridged, and rather than wait for the government, they invest in bringing solutions in those areas. One of such businesses is SIFAX Group, a multinational with over 10 subsidiaries and diverse investment interests particularly in maritime, transport logistics and aviation. As a socially responsible corporate citizen that believes that its host communities must feel its impact, SIFAX Group spent over N250 million in 2021 on giving to the society in line with its corporate social responsibility (CSR) programmes.

Cost of living crisis ratcheted up another notch by Russia-Ukraine tension and soaring energy bills

Fears for energy security are driving MPs back towards fracking and oil.

BASRA/LONDON: A $27-billion deal between France''s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country''s new government. Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post US-invasion deals over a decade ago. The Iraqi government has cut oil output targets repeatedly as international oil companies that signed those initial deals leave due to poor returns from revenue sharing agreements. Total agreed last year to invest in four oil, gas and renewables projects in the southern Basra region over 25 years. The deal, signed by Iraq''s oil ministry in September 2021 followed a visit from French President Emmanuel Macron. The ministry, however, did not have agreement on the deal''s financial details with all the government departments that needed to approve it, three Iraqi oil ministry and industry sources involved or familiar with the negotiations told Reuters, and it has been mired in disputes ever since.

The price of fuel at the pump has risen with petrol at 148.02p a litre and diesel at 151.57p.