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The Russia-Ukraine war will hit Indian industries and crude oil imports from Russia, said PHDCCI''s Secretary-General Saurabh Sanyal to NDTV.

Gas prices are marching toward $4 per gallon, and in California are already above that level, as Russia''s invasion of Ukraine puts oil prices on a tear.

The Nigerian National Petroleum Company (NNPC) Limited has admonished Nigerians to avoid panic buying. The petroleum company added that it has enough petrol in stock. This was stated on Wednesday… The post NNPC asks Nigerians to avoid panic buying, says 1.7bn litres of petrol in stock appeared first on Nigeria''s Top News Site .

THE PESO depreciated versus the greenback on Thursday amid higher oil prices and as the US Federal Reserve chief made fresh signals regarding their planned rate hike.

New Delhi, March 3 (IANS) Continuing hostilities between Russia and Ukraine pushed crude oil to a 10-year high on Thursday. The Russia-Ukraine crisis-led global hike in crude oil prices is expected to push India’s domestic prices of petrol and diesel by over Rs 22 per litre. The crisis as well as fears of lower supplies […] The post Ukrainian crisis pushes crude price to a 10-yr-high at $117 appeared first on Buziness Bytes .

Markets News: Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflic

The United Nations General Assembly has overwhelmingly voted to reprimand Russia for invading Ukraine and demanded that Moscow stop fighting and withdraw its military forces, an action that aims to diplomatically isolate Russia at the world body.The resolution, supported by 141 of the assembly’s 193 members, passed in a rare emergency session called by the UN Security Council while Ukrainian forces battled to defend the port of Kherson in the face of air strikes and a devastating bombardment that forced hundreds of thousands of people to flee. The text of the resolution deplores Russia’s “aggression against Ukraine.” The last time the Security Council convened an emergency session of the General Assembly was in 1982, according to the U.N. website. Russia was joined by Belarus, which has served as a launch pad for Russian invasion forces, Eritrea, North Korea and Syria in voting against the resolution. Thirty-five members, including China, abstained. While General Assembly resolutions are non-binding, they carry political weight, with the yesterday vote representing a symbolic victory for Ukraine and increasing Moscow’s international isolation.

The Nigeria National Petroleum Corporation Ltd., NNPC, has commenced loading of trucks at all depots to clear current scarcity experienced across the country. It added that there was availability of 1.7 billion litres of petrol currently in stock. The NNPC, Group Managing Director, Mele Kyari, made this known to journalists in Abuja on Wednesday shortly […]

Washington Examiner commentary writer Tiana Lowe weighs in on the Biden administration’s response to sky-high oil prices.

Russia’s invasion of Ukraine has sent energy prices surging, but the oil-rich Gulf monarchies have so far resisted Western pressure to raise output, prioritising their own strategic and economic interests. The price of a barrel of West Texas Intermediate crude topped $115 on Thursday, the highest since 2008, as the war and sanctions against Moscow stoked fears about global supplies. Russia is the world’s second biggest crude exporter after Saudi Arabia, which is close to Western governments but also to Moscow. The Organisation of Petroleum Exporting Countries and its allies (OPEC+), led by Riyadh and Moscow, failed Wednesday to respond The post ‘Not our war’: Gulf resists pressure to raise oil output appeared first on Financial Mirror .

Stocks in Asia-Pacific Fell As War in Ukraine Continues Stocks in Asia-Pacific mostly fell on March 2 as the ongoing Russia-Ukraine conflict continued to lead to a surge in oil prices. In Japan, the Nikkei 225 declined 1.68% to end its trading day at 26,393.03. The Topix index fell 1.96% to close at 1,859.94. […] The post Stocks in Asia-Pacific Fell As War in Ukraine Continues appeared first on FinanceBrokerage .

Stock futures little changed and oil prices hover at 14-year highs as fighting between Russia and Ukraine enters its second week.

Japan will raise the government subsidy for oil wholesalers to 25 yen per liter from the current 5 yen to prevent a sharp hike in fuel costs as supply concerns sparked by Russia''s invasion of Ukraine continue to push up crude oil prices, Prime Minister Fumio Kishida said Thursday. The plan will come into effect on March 10 to "suppress sharp increases in petroleum product prices" and ease the i…

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