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House Speaker Nancy Pelosi said she would support banning oil imports from Russia as Russian President Vladimir Putin continues his assault on Ukraine.

Q. What is NATO doing at Russia’s doorstep? A. Trying to stop Putin from rebuilding the Soviet Union, which was almost an equal rival with the United States in the past. Q. Is NATO right to do this? A. No. Because of an old agreement in which the West agreed not to move any closer to Russia, which is eastwards. Q. Did Russia agree (in the Budapest memorandum) to guarantee Ukraine’s independence and never to invade them? A. Yes. Q. Is America the strongest nation in NATO? A. America is not just the strongest nation in NATO but synonymous to NATO. Q. What happened in 2014 that may explain the current conflict? A. A Ukrainian President loyal to Russia (Viktor Yanukovych) was toppled in a Yellow-Vest-type of revolution. Russia believes that this revolution was instigated and sponsored by the West. Q. What was the immediate fallout of the ouster of Yanakovich? A. Two predominantly Russian-speaking regions of Ukraine broke away and became semi-autonomous. These regions are Donbass and Lugansk.

Major worry for India is on the crude oil front as rising price and depreciating currency will have an inflationary impact

Emeka Peter, Public Relations officer of the command, disclosed this in a statement on Wednesday in Asaba, Delta State. The post NSCDC arrests 11 oil pipeline vandals in Delta State appeared first on The Eagle Online .

Following significantly tighter financial sanctions announced over the weekend, and an exodus of majors from Russia, crude traders and refiners have paused purchases of Russian oil and…

Over the past month, we have seen a drop in the number of new Covid-19 cases, a decline…

Jim Cramer and Jeff Marks on rising oil prices, Powell''s comments on Capitol Hill, stocks with higher dividends and falling multiples. Jim and Jeff say all of these impacts are creating buying opportunities right now and list companies they are watching.

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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