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In such a situation, India too might not be able to bypass the effects of a global crisis.

Russia’s invasion of Ukraine is expected to add more urgency to Europe’s efforts to break its dependence on Russian oil and gas, as well as compel Europe to accelerate its transition to cleaner energy, say experts and E.U. officials. But those efforts won’t come quickly or easily. And they’ll involve some difficult compromises. Discussions about …

The Government of Alberta has balanced its budget for the first time since 2014 as surging oil prices brought a windfall of oil and gas royalties to the province. Alberta, which is the world’s fourth largest oil producer and home to Canada’s oil sands, will record a $511 million surplus in its 2022 fiscal year that starts on April 1. That compares to a deficit of $3.2 billion in the 2021 fiscal year, according to the budget documents. The surplus is the first in eight years and marks a turnaround from just a year ago, when Alberta’s finance ministry expected a deficit of $18 billion for 2021 as the COVID-19 pandemic suppressed economic activity. At that time, the Alberta government wasn’t expecting a balanced budget until 2024. The turnaround comes amid a surge of tax and royalty revenue driven by oil prices that surpassed $100 U.S. a barrel for the first time since 2014, after Russia invaded Ukraine. Resource revenue, including oil sands royalties, is expected to jump to $13.8 billion in fiscal 2022, up from a year earlier when just $2.86 billion in resource revenue was budgeted for the year ahead.

While Ukraine is nearly 2,000 miles away from Northern Ireland, the crisis unfolding there could affect our own daily lives and finances.

The European Union is Russia''s largest trading partner, with 70 percent Russian gas exports and half of its oil exports going to Europe. Now, EU leaders are caught between wanting to punish Russia for its aggression and protecting its own economy Read more

The Biden administration is not expected to target Russia''s oil and gas flows due to concerns about inflation and the harm it could do to its European allies and U.S. consumers, who are already grappling with the highest inflation in 40 years.

Oil futures rise Friday as investors continue to monitor Russia''s invasion of Ukraine, a day after crude briefly topped the $100-a-barrel threshold for the…

China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from Washington for a global coordinated stocks release to help cool the market, industry data showed and traders said.

The West has not gone after Russian oil. But nervous traders have decided they still don''t want to touch it, jolting the global energy market at a delicate moment.

Israel’s keeping a low profile, Turkey won’t do anything to escalate the conflict and the Gulf Arab states have yet to react – even if the high price of oil has them smiling.

HOUSTON , Feb. 25, 2022 /PRNewswire/ -- Energistics, an affiliate of The Open Group® and global, non-profit consortium in the oil and gas industry, today announces the appointment of Pablo Perez Bardasz , the President and CEO of Bardasz, to its Board of Directors. With over 25 years of experience in upstream oil and gas technology, Pablo is an expert in data management, visualization, analytics, and operational solutions. His many years of international experience have given him deep insights into diverse business requirements revolving around data solutions and real-time services globally. Please go to https://bardasz.com/news/energistics-appoints-pablo-perez-bardasz-to-its-board-of-directors for more information about this organization. He started his career as a software developer with PDVSA. In 2002, he joined Petrolink and spent 12 years focused on business development and strategic sales of real time services. He became active in the Energistics community in 2007 in various positions as LATAM Region Lead, member of the WITSML Executive Team, and lead of standards adoption for the Americas.

Company cancells flights to Moscow and pledges to avoid Russian airspace

By Ephraim Oseji A Peoples Democratic Party, PDP, chieftain and former Delta State governorship aspirant, Chief Sunny Onuesoke, has said that it is embarrassing that The post Embarrassing, Nigeria still importing petrol — Onuesoke appeared first on Vanguard News .

The risks of doing business with Russia will become too much for many companies to bear, even without sanctions

A sustained rise in oil, food prices would have adverse impacts on Asia''s economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said