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At Close: Jun 03, 2026

Oil Jumps 3% as US Awaits Russian Invasion of Ukraine

10:51am, Saturday, 12'th Feb 2022 BusinessPost Nigeria
By Adedapo Adesanya Oil prices closed higher on Friday, moving closer to $95 per barrel on news that officials of the United States believe Russia is close to invading Ukraine. Such a move could spur sanctions against Russian exports of oil and gas, causing supply to fall and prices to rise. As a result, the []
Divam Sharm at Green Portfolio continues to believe that the sectors which are witnessing on-ground developments due to PLI (production-linked incentive) and China plus one will be wealth creators over the coming years.
The US has warned Russia could invade in just mere days but the White House refused to state whether they had hard evidence Vladimir Putin would send troops into the ex-Soviet state. Foreign citizens are being advised to leave the country by commercial means as quickly as possible as officials believe the threat is now [] Oil price news: Crude soars high as rumours over Ukraine invasion surge | World | News

ONGC logs multifold jump in Q3 profit on spike in oil, gas prices

08:56am, Saturday, 12'th Feb 2022 Zee Business
State-owned Oil and Natural Gas Corporation (ONGC) on Saturday reported nearly seven-fold jump in third quarter net profit after higher oil and gas prices offset a drop in production.

ONGC Q3 results: Net profit surges seven-fold to Rs 8,764 cr

08:44am, Saturday, 12'th Feb 2022 Business Standard
The nation''s top oil and gas producer got $75.73 for every barrel of crude oil it produced and sold in Q3FY22 as compared to $43.20 a barrel realisation in the same period of 2020-21

Live: Two lanes of M6 closed near Coventry after crash and oil spill

08:35am, Saturday, 12'th Feb 2022 CoventryLive
The collision happened between J2, for Coventry, and J1, for Rugby at around 8am
"High oil prices in the world markets are strong support for the exchange rate of manat," Chairman of the Central Bank of Azerbaijan Elman Rustamov told Report.
Veteran Nollywood actor, Victor Osuagwu has asked the Economic and Financial Crimes Commission (EFCC) to arrest the Federal Government over the importation of adulterated petrol into the country. Victor Osuagwu Calls For Arrest Of Federal Government In a video shared on his Instagram page, the comic actor highlighted the damages that Nigerians have incurred as []
Wall Street stocks tumbled and oil prices surged Friday as White House warnings of a possibly imminent Russian invasion of Ukraine reverberated through financial markets. Markets lurched during a briefing by US National Security Advisor Jake Sullivan, who said a Russian invasion could begin at any ..

Oil Headed To $100 Or Is The Rally Running Out Of Gas?

04:30am, Saturday, 12'th Feb 2022 Seeking Alpha
A man looks at an electronic stock board at a securities firm in Tokyo Friday, Jan. 15, 2021. (AP Photo/Eugene Hoshiko) TORONTO Canadas main stock index closed up slightly []

How profiteering by NNPC’s DSDP contractors landed Nigeria in dirty fuel saga

04:17am, Saturday, 12'th Feb 2022 The Guardian Nigeria
There are strong indications that excessive and unfair profit seeking practice by some contractors handling Nigeria National Petroleum Corporation (NNPC) Limited crude-for-fuel swap contracts may be the reason off-spec petroleum… The post How profiteering by NNPC’s DSDP contractors landed Nigeria in dirty fuel saga appeared first on The Guardian Nigeria News - Nigeria and World News .
Oil prices could rise in the short term on fears that Russia could invade Ukraine soon, creating a situation that could disrupt energy supplies to Europe.

Energy costs are set to rise further as producers struggle to lift output

02:30am, Saturday, 12'th Feb 2022 Independent Ireland
Soaring global oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production, unless the group’s Middle Eastern heavyweights pump extra to compensate, the International Energy Agency warned.

Global oil prices gain 2 percent

01:00am, Saturday, 12'th Feb 2022 The News International Pakistan
LONDON: Oil prices rose 2 percent on Friday after the International Energy Agency said oil markets were tight, but crude benchmarks were still headed for weekly losses on jitters about looming US interest rate hikes and concern that U.S.-Iran talks which could boost global supplies.Brent crude…
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