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At Close: Jun 03, 2026

In the face of war, central bank hawks must retreat on inflation

05:00pm, Saturday, 26'th Feb 2022 The Guardian
Russia’s aggression will fuel the energy price crisis. The Bank of England, and Sunak, must change course to avoid recession Russia’s attack on Ukraine poses a dilemma for the UK government and the Bank of England with an obvious answer. The dilemma centres on the cost of living crisis, which is only going to worsen now that gas prices are on course to rocket again and oil prices along with them. Continue reading…
India Business News: NEW DELHI: India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surgi.

Fuel scarcity: Long queues resurface in Kaduna

04:13pm, Saturday, 26'th Feb 2022 Daily Post Nigeria
Long queues at filling stations in Kaduna on Saturday resurfaced after the perceived increase in petrol supply suffered a lapse. There had been an epileptic supply of petrol from Monday through Thursday to most filling stations across the state but from Friday, there seemed to be no supply at all. Most filling stations that sold […] Fuel scarcity: Long queues resurface in Kaduna
Rising tension in Eastern Europe has pushed the price of oil is within striking distance of $100. #oil #energy #Russia #Ukraine pic.twitter.com/hfFoAOAFyu

U.S. To Help Uzbekistan Explore New Shale Deposits

04:00pm, Saturday, 26'th Feb 2022 OilPrice com
Scientists from the United States will team up with experts from Uzbekistan to prospect for shale oil and gas deposits this year as Tashkent moves to ramp up production to tackle energy shortages and provide raw material for the gas-processing industry. Experts from the United States Geological Survey, or USGS, a government science agency, will join scientists from Uzbekistan’s State Geology Committee to hunt for shale reserves in May, Dunyo, the Foreign Ministry’s news agency, reported. The prospecting mission, taking place under an…

Crude oil: Upside can be capped at $120

03:55pm, Saturday, 26'th Feb 2022 The Hindu BusinessLine
The cost of crude oil hit a seven-year high this week, reaching $105 at one point
(Bloomberg) -- Iraqi oil production was suspended from two fields in the country’s south with a combined capacity of 480,000 barrels-a-day.

Western Canada: As oil climbs higher, Alberta’s finances improve

02:12pm, Saturday, 26'th Feb 2022 The Globe and Mail
Alberta’s latest budget projects the first surplus in eight years, ushering in a remarkable turnaround after years of economic decline
The ministry said India is also committed to supporting initiatives for releases from strategic petroleum reserves for mitigating market volatility and calming the rise in crude oil prices
ENERGY bills and petrol prices in the UK could rise due to Russia’s invasion of Ukraine. British consumers are facing more financial pressure as the cost of living is pushed even higher by the conflict. Russia is one of the world’s largest oil producers and there are concerns that the war in Ukraine will hit […]
The soar in prices comes amid already rising prices for petrol in the UK
India, the world''s third largest energy importing and consuming nation, on Saturday said it is closely monitoring the global energy markets to track any supply disruptions following the Russia-Ukraine conflict.
Without fossil fuel, and Europe’s dependence on it, Putin wouldn’t have so much power. We need clean energy now, but Big Oil has other plans
Global stocks mostly rose Friday while oil prices declined from 2014 peaks despite unease that Russia''s invasion of Ukraine would drive commodity prices up.
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