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Germany’s vice chancellor says Russia’s attack on Ukraine will cause western nations to stop buying Russian coal, oil and gas.

Moody''s said Goods and Services Tax (GST) collection, retail activity and Purchasing Managers'' Index (PMI) suggest ''solid momentum''

Crude oil markets have rallied significantly during the course of the trading session on Thursday as Russia has attacked Ukraine.

LONDON, Feb 24 (Reuters) - Traders awaited the impact on the physical crude market of Russia''s invasion of Ukraine on Thursday, with several anticipating a slowdown in purchases of Russian crude with sanctions likely. * The events were expected to…

Developments in the conflict between Russia and Ukraine have led future oil prices to rise to $100 a barrel – the highest since 2014 – but the full impact of…

Healthcare provider Apollo Hospitals Enterprise Ltd. will replace Indian Oil Corporation Ltd. in the benchmark Nifty 50 from March 31, 2022.

FTSE 100 to Slide on Russia News; Oil Surges Morningstar.com

NEW YORK: US crude stockpiles rose sharply while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories rose by 4.5 million barrels in the week to Feb. 18 to 416 million barrels, much more than analysts'' expectations in a Reuters poll for a 400,000-barrel build. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2 million barrels in the last week, the EIA said. Refinery crude runs rose by 344,000 barrels per day and utilization rates rose by 2.1 percentage points. US gasoline stocks fell by about 600,000 barrels in the week to 246.48 million barrels, the EIA said, much less than forecasts for a 1.4 million-barrel draw.? Distillate stockpiles, which include diesel and heating oil, fell by about 600,000 barrels in the week to 119.68 million barrels, also lower than expectations for a 1.8 million-barrel drop, EIA data showed. Net US crude imports rose last week by 623,000 bpd, the EIA said.

Global oil prices surged past $100 per barrel, increasing the possibility of a domestic fuel price hike. More local interest rate hikes also cannot be ruled out Read more

Adam Bandt says Australia must quit coal and take advantage of ‘enormous opportunities’ in critical minerals and green metals Get our free news app ; get our morning email briefing The Greens have proposed a $19bn plan to diversify fossil fuel-reliant towns and subsidise the wages of coal workers who transition into new jobs, saying employees can stay in mining but should seek employment in critical minerals or green metals. Workers would get a decade or more support under the plan, with the Greens’ idea seeing the government pay half the wage of their new job in “non-polluting industries” outside the coal, oil and gas sectors. The focus on transitioning mining towns into new industries comes as the Greens stress their belief that “coal workers haven’t caused the climate crisis”, three years after former party leader Bob Brown’s anti-Adani convoy through Queensland was partly blamed by some for a cratering of the progressive vote in that state. Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading.

Russia''s large-scale invasion of Ukraine continues with heavy fighting around Kharkiv, a city home to more than 1 million people that lies on near border with Russia, and with fighting near the Ukrainian capital of Kyiv. President Biden discussed the invasion with the G-7, and more sanctions are expected from the U.S. and other allies.

https://www.investing.com/analysis/oil-jumped-after-russian-attack-but-3-factors-will-actually-drive-price-supply-200618660

The West Texas Intermediate (WTI) just hit a $100 per barrel mark, for the first time since July 2014. The post BREAKING: US oil hits $100 per barrel appeared first on Nairametrics .

Costs predicted to spiral from current record highs as conflict pushes up oil prices to eight-year high

PM Modi will meet FM Sitharaman and other officials on Thursday evening to discuss the economic impact of the Russia-Ukraine crisis and ways to mitigate the impact of rising crude oil prices