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The Russian Deputy Prime Minister Alexander Novak spoke to Hardeep Singh Puri, Minister of Petroleum and Natural Gas on Friday and discussed bilateral cooperation between the two countries.

Police and small retailers are preparing for an increase in “gas-and-dash” thefts as gasoline prices across Canada soar following sanctions against Russia that have put the squeeze on global oil supply. The invasion of Ukraine just over two weeks ago has prompted some countries, including the United States, to ban imports of Russian oil or […]

U.S. stock futures rose and oil prices jumped, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine.

Stocks Pop, Crude Drops After Reports Of Putin ''Peace'' Optimism After a day of pessimistic headlines yesterday following the first high level peace talks going nowhere, this morning has started optimistically… InterFax reports that Russian President Putin commented that "there are certain positive developments in the negotiations on Ukraine." That well-timed headline sent futures surging higher... And took the wind out of crude''s overnight gains... Meanwhile WSJ warns that Kiev is bracing for a full attack. Tyler Durden Fri, 03/11/2022 - 06:36

Cairn''s plan stands out compared to producers around the world, most of whom are staying away from committing investments in oil and gas

Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts on Thursday was 161.1p, up from 159.6p on Wednesday.

The CEA V Anantha Nageswaran did not specifically mention the war on Ukraine initiated by Russia over a fortnight ago, or its impact on oil prices which touched a 14-year-high of over USD 140 per barrel. It can be noted that India imports 85 per cent of its crude, and is exposed to the movements in global prices.

In today’s letters to the editor: Russian history; Canadian oil; Canadian defence; global response; pictures from Ukraine

The invasion of Ukraine by Russia is coming with lots of social and economic implications in the global community, but concerns are key to disruptions in trade between developed economies and poor nations especially in Africa where Russia and Europe and America have significant economic interests. In terms of trade for instance, bilateral discussions between […]

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The Vice Chairman of the Public Interest and Accountability Committee (PIAC), Nasir Alfa Mohammed, says whereas the value of Ghana’s oil and gas exploration and production activities are valued at about $31 billion, Ghana only generated about $6.5 billion. This was from the PIAC’s latest analysis which took into account revenues starting from 2011 to …

Experts welcome ‘hint of better news’ as oil prices stabilise

Oil prices rose again and stock futures wavered, as Russia escalated its attacks on the Ukrainian city of Mariupol.

Nigeria and other African economies’ recovery is being threatened by the Ukraine, Russia war, the International Monetary Fund (IMF) Managing Director, Kristalina Georgieva has warned. Georgieva said the crisis would hamper Africa’s recovery rate following the setbacks reported during the COVID-19 pandemic which knocked Nigeria, South Africa and others into recession in 2020. She pointed out on Thursday, during a meeting with ministers of finance, Central Bank governors from African countries and representatives from the United Nations Economic Commission for Africa (UNECA), that food and fuel prices in Africa will rise amid the war in Ukraine. The IMF chief explained that Africa was at a delicate period, and the war would cause far-reaching consequences, considering the unprecedented sanctions meted out by the western countries against Russia. Ripples Nigeria had reported that Russia invaded Ukraine on February 24, 2022, and in response to defending Ukraine, United States, UK and their allies imposed economic sanctions on Russia.

Citi cut India’s FY23 real gross domestic product (GDP) growth forecast by 50 bps to 7.5 percent. The GDP growth could fall closer to 7 percent if crude oil prices remained elevated, Citi India stated.