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‘Support for Russian leadership is support for an invasion that is having a devastating impact,’ said White House Press Secretary Jen Psaki.

The White House press secretary asked New Delhi to consider its place in the ?history books? as it mulls Russia''s offer for cheaper crude Washington has urged India not to go through with a plan to purchase discounted Russian crude oil, saying the move would amount to supporting Moscow''s "leadership" amid its military offensive in Ukraine after an official in New Delhi said his country would be "

South Australian Opposition Leader Peter Malinauskas says he thinks Australians are sick of hearing government promising to reduce the cost of living when it “never happens”. “Premier doesn’t control the petrol price; If I become Premier, I’m not going to control the petrol price and an app telling us what the price up the road is, isn’t going to change what Vladimir Putin is doing in Russia,” Mr Malinauskas said at the Sky News / The Advertiser People''s Forum on Wednesday. “So, let''s just be honest about it, governments and politicians don’t control groceries or fuel prices.” He said the way to address the cost of living is to improve people’s incomes, not "empty hollow promises".

Why Russia is selling oil at discounted prices?

Buckle up for the story of Ellen’s Energy Adventure – a ride whose sympathetic stance toward oil and coal is newly relevant If you were lucky enough to be a small kid roaming Disney World’s Epcot Center until just a few years ago, you would have seen a ride nestled next to the monorail tracks that beckoned with gleaming mirror walls. An indoor ride, it was a welcome reprieve from the Florida sun. After buckling into your seat in what seemed like a theater auditorium, and the lights dimmed, a familiar figure would appear on the huge screen in front of you. Continue reading…

Economists at Credit Suisse think a hawkish tilt at Thursday’s the Central Bank of the Republic of Turkey (CBRT) meeting is possible. They continue to

While Saudi Arabia is posturing that it may begin accepting the yuan instead of the U.S. dollar on at least a portion of its oil sales to China amid intensifying geopolitical conflicts, economic and political relations between the three nations, including conflict-embroiled Russia, may make the switch less than simple. The gauntlet was dropped via […]

Boris Johnson in Abu Dhabi on Wednesday pledged a ‘massive jump’ forward on renewables and more nuclear power in Britain

India, which imports 80% of its oil needs, usually buys only about 2-3 percent from Russia. But with oil prices up 40 percent so far this year, the government is looking at increasing this if it can help reduce its rising energy bill.

Jen Psaki warns that such a move would put the world’s largest democracy on the wrong side of history

Reports suggest the possibility of India buying Russian oil at a steeply discounted price amid crippling sanctions from the West on Moscow.

WTI crude oil prices rebounded on Wednesday after falling 12.8% over the prior two days. China’s Covid-related lockdowns may dampen the energy demand outlook. API reported a large build in crude st…

From a pint of plain to a single of chips, or petrol at the pumps to home heating oil, food and fuel prices are on the increase. As Ireland heads into a war economy, the Indo Daily finds out why everything is not only more expensive, but also in short supply.

Japan plans to sell an additional 300,000 kiloliters, or 1.89 million barrels, of Hout crude from its national petroleum reserves via a public tender in April, the Ministry of Economy, Trade and Industry said March 16, the last sale in its joint efforts with the US and other countries to stabilize oil prices. In its latest tender scheduled April 8,…

Asia''s run rates and oil demand will come under pressure in coming months on the back of high oil prices and tight feedstock availability, and the swelling availability of spot Russian cargoes shunned by buyers elsewhere may do little to ease Asia''s pain, speakers at the S&P Global Commodity Insights Asian Refining and Petrochemicals Summit said. In addition, higher energy…