Oil Shocks

In an incident shocking in its brutality, an 18-year-old Dalit woman working at an oil mill was pushed into a cauldron with hot oil when she protested sexual harassment.

Hailing from Kerala, Sreeju, 39, has been living and working in Fujairah, about 120 kilometers east of Dubai, for the past 11 years.

The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report Monday.

A triumvirate of high oil prices, a surging dollar and geopolitical instability are set to weigh on India and Indonesia among Asia's emerging markets, while energy exporter Malaysia may prove a rare beneficiary.

Oil prices soared more than four percent Monday after Hamas launched an attack on Israel at the weekend, sparking concerns about possible supply shocks from the crude-rich region.

The clip, posted on Twitter, has clocked over 4.3 million views and tons of reactions. Find out more below.

In a shocking video shared on Reddit, a frozen fish can be seen coming to life on being put into hot oil!

The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.

OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.

Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.

Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.

OPEC told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.

World food prices hit an all-time high in March as Russia's invasion of Ukraine sent "shocks" through markets for staple grains and vegetable oils, the UN's Food and Agriculture Organization said on Friday.

A street vendor from New Delhi can be seen preparing a no-oil omelette in water. Would you like to try it out too?

With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of the 1973 energy crisis

In an incident shocking in its brutality, an 18-year-old Dalit woman working at an oil mill was pushed into a cauldron with hot oil when she protested sexual harassment.

Hailing from Kerala, Sreeju, 39, has been living and working in Fujairah, about 120 kilometers east of Dubai, for the past 11 years.

The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across the Middle East, the World Bank warned in a report Monday.

A triumvirate of high oil prices, a surging dollar and geopolitical instability are set to weigh on India and Indonesia among Asia's emerging markets, while energy exporter Malaysia may prove a rare beneficiary.

Oil prices soared more than four percent Monday after Hamas launched an attack on Israel at the weekend, sparking concerns about possible supply shocks from the crude-rich region.

The clip, posted on Twitter, has clocked over 4.3 million views and tons of reactions. Find out more below.

In a shocking video shared on Reddit, a frozen fish can be seen coming to life on being put into hot oil!

The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.

OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.

Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.

Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.

OPEC told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.

World food prices hit an all-time high in March as Russia's invasion of Ukraine sent "shocks" through markets for staple grains and vegetable oils, the UN's Food and Agriculture Organization said on Friday.

A street vendor from New Delhi can be seen preparing a no-oil omelette in water. Would you like to try it out too?

With Russia threatening to cut off the supply of vital gas and oil, European governments are dusting off rationing plans that bring back memories of the 1973 energy crisis