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Higher exports from the world''s second-biggest sugar producer could check the rally in global prices , which have been buoyed by a spike in crude oil prices and lower output in top exporter Brazil.

IMF predicts ‘deep recession’ in Ukraine; European stock markets to open lower after Wednesday’s rebound ahead of ECB rate decision and US inflation

The country''s industries sentiment dropped in February for the first time in six months, dented by a spike in Covid-19 infections, surging oil prices and the impacts of Russia''s invasion of Ukraine, an industries group said on Thursday.

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Americans say the U.S. should not be dependent on other countries for basics like gas.

Nikkei rises almost 4% on best day in 21 months due to oil moderation

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…

Cooking Oil Shortage Sparks Panic Buying In Indonesia Indonesia, the world''s largest exporter of cooking oil, will reduce exports of edible oils as a domestic shortage sparks panic hoarding among households, a sign of rising protectionism around the world as countries deal with record-high food prices , according to Bloomberg . Trade Minister Muhammad Lutfi announced new rules Wednesday for palm oil exporters to increase domestic shipment volumes from 20% to 30% to ensure local consumers have access to affordable cooking oil. The move by the Indonesian government comes as dwindling cooking oil supplies has unleashed record high prices. Togar Sitanggang, vice chairman of the Indonesian Palm Oil Association (Gapki), said in a pre-recorded speech at a conference that households are panic buying edible oils as a shortage emerges. They''re buying more than they need worsening the shortage, he said. Palm oil for May delivery in Malaysia soared 10% to $1,687 per ton, a new record high for the contract and most active contract with the largest daily gain since 2001.

Deputy Prime Minister Barnaby Joyce started to rattle off a list of random countries and ramble about wheat and barley exports after he was questioned on Thursday.

(Bloomberg) -- The United Arab Emirates said it will call on its fellow OPEC+ members to boost oil output faster, a dramatic U-turn that could set the country against fellow members of the producers group.

India imports only 2% of its oil from Russia, but the rising oil price is a big concern for India as it imports 85% of its oil demand.

WTI crude oil prices take offers around $104.60 to renew intraday low during Thursday’s Asian session. That said, the black gold dropped the most sinc

Will restart of overseas flights revive the aviation sector? Is India prepared for cyber wars? Why chemical stocks are facing crude shock? How''s democracy different from oligarchy? All answers here

The pace of change due to the Russian invasion of Ukraine is breathtaking. Forget geopolitical uncertainty. What about the price of petrol and diesel? Forget threats of nuclear bombs, what about the price of bread or rationing of home-heating oil?

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