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New Delhi, Feb 26 (PTI) 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, and will support release of oil from strategic storages to cool prices. International oil prices climbed to an over seven-year […]

The Nigerian National Petroleum Company (NNPC) has assured Nigerians of its continued efforts to return the supply of petrol to normalcy. The NNPC asked Nigerians to be patient, saying it has sufficient stock of petroleum product for distribution across the country. The company also said it is working with partners to ensure the product reaches … The post NNPC tells Nigerians to be patient, says sufficient petrol in stock for distribution appeared first on Okay.ng .

(Bloomberg) -- India, the world’s third-biggest oil importer, will support initiatives to release emergency reserves to calm prices that surged on concern Russia’s invasion of Ukraine will disrupt global supplies.

Russia’s invasion of Ukraine is contributing to some of the highest prices ever for commodities like oil, wheat and fertilizer, plaguing a global economy already experiencing decades-high inflation.

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

.Reps call for immediate evacuation of Nigerians .Oil hits $105 per barrel .FG arranges special flight to evacuate students, others Europe was gripped by tension on Thursday as The North Atlantic Treaty Organization (NATO) called on Russia to immediately cease its military action and withdraw all its forces from Ukraine. The Russian […] The post Tension in Europe as NATO orders immediate withdrawal of Russian troops from Ukraine appeared first on Champion Newspapers LTD .

The European Union (EU) has announced sanctions targeting Russia’s oil, banking, technology, and airline industries Read Full Article at RT.com

The Russia-Ukraine conflict is likely to accelerate price pressures in the country as supply chains are getting disrupted and prices of crude oil, metals and other key commodities soar higher in global markets.

Price hikes in oil, food supplies and other necessities are seen as possible local effects of the Ukraine-Russia turmoil. This was the discussion of Filipino netizens who are monitoring the ongoing invasion via news outlets. Based on reports, Russian President Vladimir Putin authorized a special military operation in the east of Ukraine early this week. […] The post Russia-Ukraine conflict’s impact on Philippines trends online appeared first on Interaksyon .

Texas Gov. Gregg Abbott says Biden''s energy policies are to blame for increasing gas and oil prices in America.

In an interview with CNBC-TV18, Mark Matthews of Bank Julius Baer & Co, said that he would be surprised if the price stays above $100 for too long. In fact, he thinks that there is a possibility of oil supply increasing in the near term.

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Russia has launched a full attack on Ukraine. Commodity markets reacted swiftly to the developments. Strategists at Danske Bank see clear upside risks