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Japan said it started March 10 releasing a total of 7.5 million barrels of oil from privately-held petroleum reserves as part of its contribution to the International Energy Agency''s coordinated release of a total 60 million barrels to calm crude oil prices rattled by Russia''s invasion of Ukraine. Japan is releasing 7.5 million barrels of crude and oil products, which…

Journalists, pundits and liberal celebrities are spouting “demeaning and insulting” hot takes on oil and gas as record fuel prices shock average Americans.

The Japanese Nikkei share average surged 3.94% to 25,690.40, with 222 of its 225 component stocks advancing. Tech and auto shares also rallied. | World News

India’s $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing nation.

European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday (10 March) and debate how quickly to ditch their key supplier, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine.

Analysis: fear of shortages gives fossil fuel companies leverage with governments that could be disastrous for the climate

BRITISH DRIVERS have been hit with the biggest daily rise in average diesel prices, as the cost per litre shot up by nearly 3p in a single day, a report has claimed.

Indian shares opened sharply higher on Thursday, adding to the previous session''s rally, after Ukrainian President Volodymyr Zelenskiy said the country is ready to hold a dialogue with Russia on security guarantees and the future of Donetsk, Lugansk and Crimea.

“We import roughly 2% oil from Russia. Our dependence on Russia is very very small but we have made serious investments in Russia in the region of about $16 billion in oil and gas in three major fields. We also have investments in small fields. Can we bring all that to India?”

The bill was passed after infighting between the White House and Democrats. Some Republicans also cast votes for it in a break with Trump.

The House overwhelmingly approved legislation Wednesday night that would ban Russian oil imports to the United States, an effort to put into law the restrictions announced by President Biden in response to the escalating war in Ukraine.

WASHINGTON: A majority of the US House of Representatives on Wednesday voted to impose a ban on imports of Russian oil and other energy products in retaliation for Moscow’s ongoing attack on Ukraine . With the vote still underway, the Democratic-controlled House was poised to pass the bill after President Joe Biden on Tuesday used his executives powers to impose such a ban.

MELBOURNE : Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.Brent crude futures were up $3.10, or 2.8per cent, at $114.24

The House has overwhelmingly approved legislation that would ban Russian energy imports to the United States.

Vote comes after President Joe Biden announces ban on imports of Russian oil and energy products to punish Moscow for invasion of Ukraine.