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The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries

Union calls for windfall tax on oil and gas

Prime minister said cutting fuel excise did little compared to soaring prices, but did not rule the measure out Get our free news app ; get our morning email briefing Follow our Australia news live blog for the latest updates Scott Morrison has left open the possibility of cutting petrol excise in the budget, as soaring fuel prices after the Russian invasion of Ukraine add to cost of living pressures. On Sunday Morrison told Channel Nine that price fluctuations are greater than any potential savings from a cut to petrol excise, but did not rule out the populist measure – twice responding that “the budget is at the end of the month” when asked to do so. Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…

KARACHI: State-owned Pakistan State Oil refused to take responsibility of oil imports on behalf of other Oil Marketing Companies , saying market situation was volatile with regards to product availability, The New learnt on Saturday.PSO said suggestions put forth by Oil & Gas Regulatory…

The content originally appeared on: CNN Abu Dhabi, UAE CNN — A bombshell announcement by a United Arab Emirates diplomat on Wednesday raised hopes that Gulf oil producers might come to the rescue as oil prices climbed to an eight-year high on Russia’s war in Ukraine. Yousef Al Otaiba, the UAE ambassador in the United States, told CNN his country favors an oil output hike. It was the first indication from a member of the OPEC+ cartel of oil producers […]

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the spectre of prolonged high prices exposes the vulnerability of energy-dependent countries.Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days, spurring weakness in their currencies.A few resources-rich nations, like Australia and Indonesia, are among the beneficiaries as…

The ban on Russian oil exports is causing prices to surge, and leaders are revisiting some awkward friendships.

THE conflict in Ukraine is set to squeeze households even further as the sanctions against Russia send shockwaves through the global economy. A sharp rise in the prices of oil, metals and wheat is expected to push up the cost of many everyday items, from food to petrol and heating. And the Bank of England […]

Us news

Dave Riggs has been heading to the waters off Bremer Bay to films orcas for years. But this season, he has his sights set on a different subject — a dead blue whale.

The Lagos Chamber of Commerce and Industry has warned Nigerians to brace for an imminent increase in the prices of products in the wake of the energy crisis occasioned by the Russia-Ukraine war. According to a statement by the chamber, the immediate implication of the price of diesel at above N600 per litre, is the… Read More

The Federal Government says it has succeeded in removing subsidy on electricity tariff. Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a meeting of African Finance Ministers and the International Monetary Fund. According to the minister, the government is also working toward getting rid of the petrol subsidy. “We are cleaning up … The post FG confirms removal of subsidy on electricity appeared first on Okay.ng .

As part of the celebrations of the “Azadi Ka Amrit Mahotsav” inititative, the directorate general of mines safety in collaboration with Oil India Limited (OIL) and Oil & Natural Gas Corporation (ONGC), a workshop was held on “Occupational Health and Safety in Oil and Gas Mines” at the OIL

[Jamaica Observer] GUYANA may have discovered commercial deposits when the world is transitioning to green energy adoption, but president of the Inter-American Development Bank (IDB) Mauricio Claver-Carone believes the South American country can utilise the revenues from its recent discoveries to become a developed country, following the Norwegian model. During a press briefing earlier this […]

There''s pain at the pump for American drivers as US gas prices soar to record highs.