Proshares Ultra Bloomberg Crude Oil ETF News

Fund for Export Development in Africa (FEDA), a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), on Thursday, announced that it has invested into Ecow-Gas B.V. (Ecowgas), a Liquefied Natural Gas (LNG) distribution infrastructure platform in the West Africa region. Due to limited power supply from the grid, the industrial sector in Africa suffers severe energy shortages with attendant high production costs, inefficient operations and reduced global competitiveness, amongst others. Off-grid solutions are required to address these challenges and put Africa firmly on the path to energy sustainability. FEDA’s investment in Ecow-Gas will support the creation, in partnership with a leading international oil company, of the infrastructure to provide access to cheaper and cleaner fuels for underserved industrial customers across the region using LNG. This will also promote efforts to minimize CO2 emission by replacing environment-polluting fuels currently in use.

Oil futures trade lower Thursday, with the U.S. benchmark pulling back from a seven-year high on suspected profit-taking.

In the opinion of strategists at TD Securities, oil is set to shoot into $100 territory should Russia supply risks materialize. Aluminium, nickel and

Greg posted the news Wednesday US time: OPEC+ agreed to increase oil output by 400,000 BPD from March. That is as expected. ANZ analysis: OPEC+ alliance was quick to rubber-stamp the increase at its monthly meeting, suggesting there are no dissenting voices to the monthly 400kb/d inc

Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row

Oil cartel expected to stick to modest output increase while eurozone inflation is forecast to slow

Some 85% of Cypriot car buyers would select either a hybrid or electric car the next time they purchase a vehicle, and only 15% would opt for petrol or diesel, according to a European Investment Banks (EIB) survey. The second part of the 2021-2022 EIB Climate Survey explores peoples views on climate change in a rapidly changing environment. When asked about future car purchases, 85% of Cypriot car buyers say they will buy a hybrid or electric car. This figure is 70 points higher than the percentage of Cypriots who said they would buy a diesel or petrol vehicle (15%). The post Cypriots prefer hybrid or electric cars appeared first on Financial Mirror .

Crude +1525K expected in tomorrow''s official report Gasoline +1645K expected in tomorrow''s report Distillates -1492K expected in tomorrow''s report There''s been no reaction in WTI, which is trading at $88.25.The huge builds in gasoline for five weeks straight have done nothi

Energy-related exchange traded funds continued to push higher as Exxon Mobil Corp (XOM) and Chevron Corp (CVX) revealed that elevated crude oil prices are helping energy companies enjoy big gains. Among the best-performing non-leveraged ETFs of Tuesday, the SPDR Oil & Gas Equipment & Services ETF (NYSEArca: XES) advanced 4.6%, the SPDR S&P Oil & Gas [] The post Energy ETFs Rally as Exxon Reports Surging Profits on High Oil Prices appeared first on ETF Trends .

Australian shares are set to open higher; $A tops US71¢; Philip Lowe outlook speech ahead; oil slides. Follow the latest here.

Oil prices soared to a 7-year high above $90 a barrel last month, stirring expectations of a return to triple digits.

Oil prices have continued to trade close to multi-year highs and within recently established ranges on Tuesday, with front-month WTI futures undulatin

CME Group’s preliminary readings for crude oil futures markets noted open interest increased by around 4.5K contracts after two daily pullbacks in a r

When the correction is moderate, fundamentally strong stocks can be resilient. But when the correction is 10% or more nothing works. Q4 earnings season though is forcing investors to rethink

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