Proshares Ultra Bloomberg Crude Oil ETF News

As the global recovery gains strength, the surge in prices has led to record high prices of petrol and diesel in India. Rising crude oil costs, combined with increased taxation, have contributed to…

Nigerias oil output dropped Year-On-Year (YoY) by 13 per cent, to 1.346 million barrels per day (mb/d) in October 2021, from 1.540 mb/d in 2017, according to the Organization of Petroleum Exporting Countries (OPEC). The report from OPEC showed that the 1.429 mb/d, highest output, was produced in March 2021, compared to 1.269 mb/d produced in the corresponding period of 2017. It also indicated that the 1. 228 mb/d lowest output was produced in October 2021, compared to 1.663 bm/d produced in the corresponding period of 2017. Continue reading Nigerias Oil Output Dropped To 1.346m Barrels Per Day OPEC at BizWatchNigeria.Ng.

Despite weak macroeconomic environment and rising operating costs, Meyer Paints Plc is beginning to show signs of recovery. CHRIS UGWU writes The marketing environment has continued to be more turbulent in Nigeria, especially for the manufacturing sector, due largely to the effect of international oil price fluctuation and yet to be resolved infrastructural challenges, []

Major central bank decisions this week will show policymakers are changing course with monetary policy. The main event on Wall Street will be the FOMC policy decision.

The U.K.s Attorney General will probe the countrys top fraud prosecutor after judges found serious failings in a major bribery investigation. The governments chief legal adviser is deeply concerned about a ruling published Friday, which criticized the Serious Fraud Office for its relations with a U.S. fixer and for not disclosing key documents. A London []

In spite of mixed fortunes witnessed in the third quarterly report by the National Bureau of Statistics (NBS), there is hope that the federal government (FG) will meet its non-oil revenue projections in the 2021 budget. Although income from the Company Income Tax (CIT) surpassed budget projections for the nine month period ended September 2021, collectibles from Value Added Tax Read More

KUWAIT: Boursa Kuwaits achievement in improving the countrys stock market ranking serves as a prime example of a successful privatization project in the Gulf state. KUWAIT: The Supreme Council of Privatization, within the framework of government economic and financial reform, approved a major comprehensive plan to privatize several economic facilities and activities the government is currently managing, according to a local report. The government will move from being an operator to a supervisor responsible for general policies, Al-Qabas Arabic daily reported yesterday. A long-term plan that stretches over 20 years has reportedly received government approval and will affect 38 government entities by offering projects to the private sector, starting with facilities the government is currently operating. About the implementation of the privatization plan, the council indicated that will be in two stages: In the first stage, some facilities will be transformed into commercial entities, as there already are government intentions to allow state departments to establish new companies in accordance with the law.

Wide trade deficit, rising oil prices globally pose setback for currency stability

Lovleen Bains Doraha, December 11 Teachers and students have complained that English paper of the CBSE Class X conducted today was lengthy and complex. They demanded adequate compensation for the paper from the board. Twenty per cent paper was meant only for the bright category. The reading section needed real intelligence. Besides, shortage of time was another concern of good students. So, students did not leave the school happily. Grace marks should be given to students. Suzi George, Principal, Green Grove School, Mohanpur Students complained that the reading section was beyond their comprehension. As it was the very first question in the paper, the students got stuck there itself. The literature part too left them aghast as questions were in no way simple. They were confusing and options were quite close to each other. In some questions more than one option could be considered correct. "The final answer key, which is to be put up by the CBSE, should be released after good thought.

KARACHI: Pakistans petrol stocks were enough to last for three weeks and diesel for thirty days, whereas furnace oil was in abundance, which could help save $350 million/month on import bill, analysts said on Saturday.In view of the overall availability of oil stocks for 30 days, the

Editorial Inflation eases for third straight month. PH unemployment rate improves in Oct. PH hunger rate eases in September 2021 SWS. World Bank raises PH growth outlook. Those were four headlines that appeared on the same day, Dec. 7, 2021 signaling a confluence of factors that point to better days and months ahead for a nation that had been in the throes of a crippling pandemic for nearly two years. Two were issued by the Philippine Statistics Authority (PSA); one by a global financial institution and the other by a leading public opinion polling institution. In the past 21 months, the news emanating from these sources had not been uniformly auspicious. On closer analysis, the slowdown in food costs for the third straight month is the main factor in easing inflation. Vegetable inflation turned negative at 1.8 percent from 11.4 percent in October. Fish process also dipped to 7.9 percent from 9.5 percent in the same period. Slower importation and release of inventory pushed average pork prices higher in November, following a four-month decline.

According to the CFTC Commitments of Traders report for the week ended December 7, NET LENGTH of crude oil futures slumped -20 002 contracts to 367 232. Speculative longs declined -19 277 contracts while shorts added +725 contracts. For refined oil products, NET LENGTH for heating oil dropped -2 628 contracts to 8 597, while [] The post CFTC Commitments of Traders Traders Trimmed Long Position in Crude Oil. Rebound Triggered Profit-taking appeared first on Action Forex .

SECTOR COMMENTARY: Energy stocks were higher as broader benchmarks added to a three day rally. Traders awaited key inflation data and weighed the economic threat of the omicron variant. Oil headed for its biggest weekly gain in more than three months after the deepest fears over the new virus strain receded, though traders remained on [] The post Crude Set for Biggest Weekly Gain Since August appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Equinor storage facility not hurricane hardened NASSAU, BAHAMAS Nearly two years after record hurricane winds spread some five million gallons of crude oil over wetlands, pine forests, and a quarry in Grand Bahama, environmentalists report that concentrations of oil found at the spill site remain high enough to negatively impact birds and other potentially []

Washington [US], December 11 (ANI/Sputnik): The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs and raised inflation woes. "Exchanges and sales from the Strategic Petroleum Reserve are important tools we are using to address oil supply disruptions as the world recovers from a once-in-a-