Proshares Ultra Bloomberg Crude Oil ETF News

by pinecarr From ZH, Heres Why Biden Was Forced To Beg Xi To Release Oil From Chinas SPR As we have detailed in depth over the past few days (here, here,

proceeds of the facility will boost tax revenues and foreign currency receipts and create thousands of jobs in the oil and gas refining value

The pressure from international organizations and governments to transition quickly away from fossil fuels is driving up demand for other natural resources dramatically. While the world focuses on leaving coal, oil, and gas in the past, as we invest heavily in renewables, one issue has been largely overlooked the hefty use of metals in renewable energy projects. As governments, international organizations, and environmental activists around the world ramp up the pressure for energy companies and consumers to switch from traditional energy

The president claimed there is ''mounting evidence of anti-consumer behavior by oil and gas companies''

EIA reports - US reduces stocks and strategic petroleum reserve by 3.2 million barrels and later this week - The reserves are now at the lowest level since June 2003 Yesterday the acting head of the EIA said that any release from the US strategic petroleum reserve (SPR) would have only short-lived impact on oil markets. By Greg Michalowski

Fitch Ratings has placed certain ratings of four EMEA banks Under Criteria Observation (UCO), following the publication of its updated Bank Rating Criteria on 12 November 2021. The banks are Bank of Valletta, Credit Europe Bank (Russia) Ltd, ProCredit Bank AD Skopje and UniCredit Bulbank AD. "The support-driven Issuer Default Ratings (IDRs) of ProCredit Bank AD Skopje (BBB-/Negative/F3) and UniCredit Bulbank (BBB-/Stable/F3) are unaffected," Fitch said. Fitch will review all affected ratings as soon as practical, but no later than six months from the publication of the updated criteria. Key rating drivers "The updated criteria introduce changes to the way we assign Viability Ratings (VRs), which measure a bank''s intrinsic creditworthiness. The criteria include a fixed weighting scheme to derive an implied VR from the bank''s scores for each key rating driver," Fitch said. "We may then assign a VR higher or lower than the VR implied by the weighting of the key rating drivers scores in the following three cases: - We may assign the VR at a lower level than the implied VR where we believe the implied VR is too high relative to the operating-environment score or the sovereign rating; - We may assign the VR at a higher or lower level than the implied VR when a bank''s business profile and/or risk profile may have a stronger impact on the assigned VR than the weighting would suggest; - We may assign the VR at a lower level than the implied VR when one or more financial key rating drivers (asset quality, earnings & profitability, capitalisation & leverage, and funding & liquidity) represent a bank''s ''weakest link''.

Belarus has announced ?unscheduled repairs? are needed on a branch of the ?Friendship? pipeline carrying oil supplies from Russia through the country to a number of EU states, insisting that maintenance work will take three days. In a statement issued on Wednesday, Russian energy export giant Transneft said supplies could face short-term disruption. Spokesman Igor Demin told journalists he had be

The Antimonopoly Committee said it had identified cases of manipulation in the rise in petrol prices. The deputy chairman of the committee said that necessary measures would be taken and that there would be a change in prices in the next 10 days..

Residents in Southeastern Nigeria paid the highest average prices of Premium Motor Spirit (PMS), commonly known as petrol, in the month of October, at N167.32 per litre, while the Northeast paid the least average price at N164.46. This was disclosed by the National Bureau of Statistics (NBS) in its “Premium Motor Spirit (Petrol) Price Watch […]

Arab NewsDUBAI: Tehran has reported an explosion at an

The Federal Government has said the crude oil production in the country declined to an average of 1.6 million barrels per day this year on the back of theft and insecurity, among other factors. The government, through the Nigeria Upstream Petroleum Regulatory Commission, one of the two new regulators in the nations oil and gas [] The post FG Blames Theft, Insecurity, Others As Oil Production Plunges appeared first on InsideBusiness - Business News in Nigeria .

An oil pipeline in Ramis, a village in Iran''s Khuzestan Province, suffered an explosion, Tasnim News Agency reported on Wednesday. The blast was said to have created a series of small tremors tha

Oil and gas firms listed on the main and premium boards of the nations equity market reported a gain of about N28.710 billion during the month of October 2021. Checks by New Telegraph revealed that the oil and gas sub-sector earned N29.710 billion or 4.77 per cent to close at N630.363 billion in market capitalisation []

New Delhi: Consumers continue to get relief from rising fuel prices with oil marketing companies (OMCs) keeping pump prices of petrol and diesel unchanged post revision of duties by the state governments on Diwali eve. Accordingly, their prices remained static for 13th consecutive day on Wednesday under the daily price revision mechanism followed by oil marketing companies. The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on the Diwali day on November 4 from previous day''s Rs 110.04 a litre, remains the same. The diesel rates also remained unchanged in the capital at Rs 86.67 a litre. In the financial capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre. Fuel prices remained static in Kolkata also with petrol being sold at Rs 104.67 a litre after being slashed by Rs 5.82 and diesel at Rs 89.79 per litre after reduction of 11.77 per litre in the first week of November. Petrol prices in Chennai also continues to be Rs 101.40 per litre and diesel Rs 91.43 per litre.

Following the major legislative feat in signing the bipartisan infrastructure bill into law, US President Joe Biden is also tackling other key issues that address the tribal communities in the country this week. Biden