The United Nations is preparing for up to 4 million refugees from Ukraine if Russia’s war against the country continues to escalate. At least 100,000 people have been uprooted in Continue Reading
Sanctions on Russian banks and oligarchs have not halted Russian oil exports, with Indian refiners scooping up highly discounted Urals crude at a record pace, but Western buyers are hitting Continue Reading
Europe’s energy bill is set to surge to a record-high of $1.2 trillion in 2022 due to soaring energy commodity prices, which further rallied after Russia invaded Ukraine, Citigroup said Continue Reading
Yuzhny port closure expected to impact prices Supply cut could impact global trade balance Russia’s Togliattiazot, the world’s largest ammonia exporter, has suspended transit of ammonia following the invasion of Continue Reading
British and Dutch gas prices fell on Friday morning after sharp gains the previous day on the Russian invasion of Ukraine. In the Dutch gas market, the front-month contract fell Continue Reading
Oil prices jumped on Friday by nearly 3% on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it invaded Continue Reading
Russia’s invasion of Ukraine could spell trouble for the U.S. economy, fueling higher gasoline prices and hampering the post-coronavirus recovery. Thursday’s wild price gyrations for crude oil and the U.S. stock Continue Reading
U.S. coordinating with other nations on potential release WTI trading at $93, falling from its highs of $100 a barrel Oil Market Implications of Russia’s Attack on Ukraine Oil pared Continue Reading
Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean Continue Reading
Efforts by the US to inflict economic pain on Russia in retaliation for its invasion of Ukraine could be hamstrung if sanctions drive an increase in energy prices. The US Continue Reading
