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Russia''s invasion of Ukraine triggered a burst of credit rating moves on Friday, with Moody''s putting Russia on review for a downgrade to ''junk'' status and Fitch swiftly cutting Ukraine on worries it may now default. Both countries'' financial markets have unsurprisingly been thrown into turmoil by the events this week, which mark the biggest military attack in Europe since World War Two and have seen Moscow hit with stiff Western sanctions. Russia currently has an “investment grade” rating of Baa3 with Moody’s and an equivalent BBB- at S&P Global and Fitch, due to one of the lowest debt levels in the world at just 20% of its GDP, and nearly $650 billion of currency reserves. A downgrade, however, would lower that rating to the riskier “junk” or sub-investment grade category. “The decision to place the ratings on review for downgrade reflects the negative credit implications for Russia’s credit profile from the additional and more severe sanctions being imposed,“ Moody’s said in a statement.

Continental Resources founder Harold Hamm says the Russian invasion of Ukraine has a andapos;very disturbingandapos; impact on oil.

The actual start of war may have shifted investors’ focus to the chances of a resolution. And some traders are clearly betting as if they know what the Federal Reserve will do.

Thousands of people around the world are coming out to show their support for Ukraine as Russia continues to bombard its cities . The big picture: Rallies have been documented in countries ranging from Thailand and Greece to the former Soviet republic of Georgia and Russia itself. Many are calling on their governments to take stronger action against the Kremlin as tens of thousands of Ukrainians flee their homes . A demonstrator holds a placard that reads: "No to war" at protests against Russia''s invasion of Ukraine in central Saint Petersburg on Feb. 24. Photo: Sergei Mikhailichenko/AFP via Getty Images Demonstrators hold their smartphones with torches lit as a Ukrainian flag is waved during a demonstration in Tbilisi, Georgia, on Feb. 25. Some 30,000 people rallied in Georgia''s capital in an outpouring of solidarity with fellow ex-Soviet country Ukraine. Photo: Vano Shlamov/AFP via Getty Images Roberto Gualtieri participates in the torchlight procession for peace in Ukraine. Photo: Matteo Nardone/Pacific Press/LightRocket via Getty Images Protesters hold Ukrainian flags and placards during a demonstration in front of the Russian Consulate in Istanbul, Turkey, to protest Russia''s invasion of Ukraine.

The ongoing conflict between Russia and Ukraine is soon going to impact the price of cooking oil in India as it imports 93 per cent of sunflower seeds oil from these two countries.

The ongoing tussle between Russia and Ukraine may cast its shadow on Indian housing prices. Real estate developers have expressed concerns over likely upward pressure…

Stocks rally, oil dips as investors digest sanctions on Russia

With crude oil prices rising steadily, what are experts forecasting? Here''s what investors need to know about recent oil price predictions.

HOUSTON (ICIS)--The number of operating oil and natural gas drilling rigs in the US rose this week as geopolitical tensions and supply worries continue to keep upward pressure on energy markets. US…

A drop in oil prices helps to lift the U.S. indexes.

Here’s a look inside Putin’s arsenal if he were to retaliate to Western sanctions on Russia and how that relates to the country’s considerable exports of oil and gas.

Vice President Yemi Osinbajo states Nigeria is diversifying from the oil sector so regarding improve quick financial development through jobs. The VP spoke on Friday at the commissioning of the Kimberly-Clark Huggies Diaper Manufacturing Plant in Ikorodu, Lagos. Noting that 7 million babies are born every year in Nigeria, Osinbajo expressed excitement that the factory signaled the beginning of greater investments. “Every brand-new manufacturing plant is an important action towards our belief that it is private financial investments, both foreign and regional, that should be the path to fast economic growth, with tasks and success”, he stated. On FG’s National Development Plan 2021-2025 sector cooperation), Osinbajo worried that the success of the plan depends significantly on a conscious dependence on private business and effort. An investment of N348trillion will be needed over the 4-year duration of the Plan, with government at all levels expected to offer about N49.7 trillion, while the economic sector is expected to invest N298trillion, he announced.

The US has no plans to intentionally disrupt energy flows from Russia as the risks to the fragile economic recovery and global oil markets remain too steep, a White House official said.

Crude prices settled lower Feb. 25 as concerns of near-term supply disruptions eased amid a lack of Western sanctions against the Russian energy sector. NYMEX April WTI settled $1.22 lower at $91.59/b and ICE April Brent fell $1.15 to $97.93/b. "Crude prices continue to drop as energy traders realize that War in Ukraine probably won''t lead to any disruptions of…

Gas prices at the pumps are well above $1.50 per litre throughout the Maritimes Friday and crude oil has surged past $100 a barrel, as the world continues to watch the crisis unfold in Ukraine.