Proshares Ultra Bloomberg Crude Oil ETF News

"It simply does not make sense to put oil company profits over the future of an inhabitable planet," said Christy Goldfuss from the Center for American Progress, a liberal think tank.

A seven-man Host Communities Oil and Gas Conflict Resolution and Peaceful Coexistence Committee from

Frustrated by OPEC''s reluctance to speed up oil supplies, the US is asking big buyers such as China to consider releasing their own crude stocks.

When the leaders of more than 100 nations gathered in Glasgow for the U.N. climate conference last week, there was much discussion about the disastrous effect of climate change on the global environment. There was, however, little awareness of its likely political impact on the current world order that made such an international gathering possible. World orders are deeply rooted global systems that structure relations among nations and the conditions of life for their peoples. For the past 600 years, as I''ve argued in my new book To Govern the Globe , it''s taken catastrophic events like war or plague to overturn such entrenched ways of life. But within a decade, climate change will already be wreaking a kind of cumulative devastation likely to surpass previous catastrophes, creating the perfect conditions for the eclipse of Washington''s liberal world order and the rise of Beijing''s decidedly illiberal one. In this sweeping imperial transition, global warming will undoubtedly be the catalyst for a witch''s brew of change guaranteed to erode both America''s world system and its once unchallenged hegemony (along with the military force that''s been behind it all these years).

At the end of October, Daily Maverick revealed the exclusive findings in Part One of our international investigation into Russias years-long oil and gas surveys via the port of Cape Town. We not only reported Russias extraordinary claims that the Southern Ocean holds 500 billion barrels in oil and gas, but, for the first time since Antarcticas mining ban entered into force in 1998, we showed that the Russian state explorer has never stopped combing the worlds greatest deep freeze for its suggested mineral wealth.

A controversial and illegal ban on oil and gas leasing for public lands should be reinstated, the Biden administration argued in federal court this week. The call for a new ban comes as gasoline prices have risen to a seven year high, adding to the The post As Motorists Suffer from High Prices at the Pump, Biden Administration Pushes to Reinstate Illegal Drilling Ban appeared first on .

BANDAR SERI BEGAWAN On-the-spot fines of up to $5,000 will be issued against businesses and individuals who flout public health guidelines during the COVID-19 transition phase, the government said a day before Brunei starts to gradually reopen its economy. Spelling out the penalties for COVID-related offences on Thursday, Health Minister YB Dato Seri Setia Dr Hj Mohd Isham Hj Jaafar said businesses found exceeding the 50 percent capacity limit will be imposed a $5,000 compound fine. Businesses that allow any unvaccinated or partially vaccinated individual to enter their premises will be fined $2,000 for each violation, the minister said in a press briefing. However, the compound fine is exempted for critical employees who work in isolation or with little social interaction, such as engineers in the oil and gas sector. In addition, individuals who have yet to take two vaccine doses will be fined $100 if they were found entering public venues. The government has also maintained the $500 fine for those who violate the 10pm to 4am night curfew during the transition phase.

Lukashenka regime adds some pressure on the hybrid eastern front? 1. Oil pipeline to Poland has been shut down due to an urgent 3-days repair. 2. Power unit of BY

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