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Russian military vehicles pushed into Ukraine''s second-largest city on Sunday and explosions rocked oil and gas installations on a fourth day of fighting in the biggest assault on a European state since World War Two.

As the Russian invasion of Ukraine continued on Sunday morning, a missile has reportedly hit an oil terminal in the Ukrainian town of Vasylkiv, southwest of the country’s capital, Kyiv. This prompted authorities to urge residents to close their windows to avoid inhaling harmful substances. Natalia Balasinovich, the town’s mayor who confirmed the incident in […] The post Russia-Ukraine crisis: Missile strikes oil facilities in Vasylkiv appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .

Markets from wheat to oil and stocks are recording some of their most extreme swings of the past two decades.

Indian Oil is planning three new plants in the Northeast to increase its LPG bottling capacity by nearly 53 per cent to eight crore cylinders annually by 2030 to meet the growing demand in the region.

Nigeria’s Intractable Fuel Crisis By Hafsat Ibrahim Despite being the largest producer of crude oil in Africa, scarcity of petroleum products is an incessant problem in Nigeria. In most cases, hike in the pump price of PMS (Premium Motor Spirit) or a proposed hike is what eventually triggers fuel scarcity. Fuel crisis began in 1966 […] The post Nigeria’s Intractable Fuel Crisis appeared first on Economic Confidential .

Ukrainian oil terminal and gas pipeline on fire after reported attacks; western allies agree to bar Russian banks from Swift. Follow the latest developments, live Oil terminal near Kyiv and gas pipeline in Kharkiv on fire Snake Island defenders may still be alive Swift action at last brings meaningful sanctions against Putin Russia’s war in Ukraine: complete guide in maps, video and pictures How Ukrainian defiance has derailed Putin’s plans Profile: Volodymyr Zelenskiy stands defiant in face of Russian attack As dawn breaks in Kyiv and multiples towns and cities across Ukraine wake to find scenes of destruction, here is where the situation currently stands: Continue reading…

With the US ratcheting back on oil production, why should oil prices fall back down to a more manageable $75 a barrel from their current levels above $90? That means he may have no choice but to flirt with an economic slowdown since history shows runaway inflation is almost always a harbinger of civil unrest.

Crude oil prices extended higher after Russia launched an attack on Ukraine, raising concerns about supply constraints in an already tight market. Iran nuclear talks and US release of strategic res…

NEW DELHI: India on Saturday pledged support to a US bid for co-ordinated release of strategic oil reserves to cool prices, even as New Delhi…

India Business News: NEW DELHI: India on Saturday pledged support to a US bid for co-ordinated release of strategic oil reserves to cool prices, even as New Delhi said it .

The ongoing military Russian onslaught on Ukraine is reverberating across commodity markets. At present, Western media is mainly focusing on the direct effects of the military invasion and resultant sanctions on European and U.S. commodity markets. Crude oil prices are spiking while natural gas markets are in crisis mode. The importance of Russia in European energy markets has been highlighted in recent weeks, revealing the extent of European dependence on Russian oil and gas imports. Even U.S. energy markets have been hit by these developments.…

Congressional Democrats want to counter rising fuel costs spurred by the Russian invasion of Ukraine with more oil production, but they’re looking overseas, not at home. A dozen Senate and House Democrats urged President Biden to take three steps to counter market volatility: restricting U.S. petroleum exports; releasing oil from …

The fuel prices are expected to rise in the wake of ongoing war between Russia and Ukraine, as the crude oil prices have already shot up to over $100 per barrel

Russia’s aggression will fuel the energy price crisis. The Bank of England, and Sunak, must change course to avoid recession Russia’s attack on Ukraine poses a dilemma for the UK government and the Bank of England with an obvious answer. The dilemma centres on the cost of living crisis, which is only going to worsen now that gas prices are on course to rocket again and oil prices along with them. Continue reading…