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Russia Extends Petrol Exports Ban Until 2025 To "Maintain Stable Situation"
The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.
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500 Ukraine Settlements Without Power Due To Russian Strikes, Shelling
Ukrainian energy consumption hovered near record highs on Friday, increasing strains on the fragile power sector as nearly 500 settlements faced blackouts due to Russian shelling, air strikes, and bad weather, officials said.
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UN Sounds Alarm On Humanitarian Crisis In Ukraine As Russia Intensifies Attack
Russian attacks on Ukraine's energy infrastructure have sparked "a new level of need" in the war-torn country, the UN aid chief said on Tuesday, warning that millions of people are without heat as temperatures drop.
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More Than 6 Million Ukraine Households Hit By Power Cuts: Zelensky
Ukraine's President Volodymyr Zelensky said Friday that over six million households in the country are still affected by power cuts, two days after targeted Russian strikes on Ukraine's energy infrastructure.
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Russian Oil Price Cap Sanctions Could Threaten India's Oil Supplies: Report
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
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Blackouts After Russian Strikes Deepen Ukraine's Concerns Before Winter
Russian missile strikes on Ukraine's power network caused blackouts in many parts of the country on Monday, deepening fears of outages this winter and prompting Kyiv to halt electricity exports.
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European Union Leaders To Tackle Rising Energy Prices At Prague Meet
Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices caused by Russia turning off the taps.
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Germany To Enter Phase 2 'Alarm Stage' Of Emergency Gas Plan: Report
Germany will enter Phase 2 of its three-stage emergency gas plan on Thursday but a clause that would allow utilities to pass on soaring energy costs to customers will not be triggered yet, sources familiar with the matter said.
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More Pain Ahead For Indian Assets As Stagflation Risks Turn Into Reality
Indian equities and the rupee face more tough times ahead after a broad slump since the war on the edge of Europe as stagflation, which was considered a threat and a fallout of the Russia-Ukraine crisis, is fast becoming a reality.
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Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
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Brent Oil Falls Over 1% To Below $112 In A Volatile Trading Session
The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.
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Oil Prices Trade Within A $3 Range, Driven By Supply-Led Pull And Push
Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.
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Rupee Falls To Near One-Month Low On Inflation Surge And Higher Oil
The rupee weakened to its lowest in nearly a month, tracking a decline in domestic stocks as inflation surged and as oil prices climbed to their highest in nearly three weeks on supply fears from the prospect of more sanctions on Russia as the crisis in Ukraine deepens.
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Soaring Global Inflation Does Not Fully Reflect Ukraine War's Impact Yet
Inflation has surged sharply in March, according to the latest data from India, the United Kingdom and the United States, but that does not reflect the full impact of the ongoing Russia-Ukraine war, suggesting that the risks are skewed more to the upside for price pressures globally.
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Oil Prices Fall But Hold Above $100 A Barrel As Wild Gyrations In Crude Markets Continue
In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.
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Russia Extends Petrol Exports Ban Until 2025 To "Maintain Stable Situation"
The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.
-
500 Ukraine Settlements Without Power Due To Russian Strikes, Shelling
Ukrainian energy consumption hovered near record highs on Friday, increasing strains on the fragile power sector as nearly 500 settlements faced blackouts due to Russian shelling, air strikes, and bad weather, officials said.
-
UN Sounds Alarm On Humanitarian Crisis In Ukraine As Russia Intensifies Attack
Russian attacks on Ukraine's energy infrastructure have sparked "a new level of need" in the war-torn country, the UN aid chief said on Tuesday, warning that millions of people are without heat as temperatures drop.
-
More Than 6 Million Ukraine Households Hit By Power Cuts: Zelensky
Ukraine's President Volodymyr Zelensky said Friday that over six million households in the country are still affected by power cuts, two days after targeted Russian strikes on Ukraine's energy infrastructure.
-
Russian Oil Price Cap Sanctions Could Threaten India's Oil Supplies: Report
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
-
Blackouts After Russian Strikes Deepen Ukraine's Concerns Before Winter
Russian missile strikes on Ukraine's power network caused blackouts in many parts of the country on Monday, deepening fears of outages this winter and prompting Kyiv to halt electricity exports.
-
European Union Leaders To Tackle Rising Energy Prices At Prague Meet
Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices caused by Russia turning off the taps.
-
Germany To Enter Phase 2 'Alarm Stage' Of Emergency Gas Plan: Report
Germany will enter Phase 2 of its three-stage emergency gas plan on Thursday but a clause that would allow utilities to pass on soaring energy costs to customers will not be triggered yet, sources familiar with the matter said.
-
More Pain Ahead For Indian Assets As Stagflation Risks Turn Into Reality
Indian equities and the rupee face more tough times ahead after a broad slump since the war on the edge of Europe as stagflation, which was considered a threat and a fallout of the Russia-Ukraine crisis, is fast becoming a reality.
-
Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
-
Brent Oil Falls Over 1% To Below $112 In A Volatile Trading Session
The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.
-
Oil Prices Trade Within A $3 Range, Driven By Supply-Led Pull And Push
Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.
-
Rupee Falls To Near One-Month Low On Inflation Surge And Higher Oil
The rupee weakened to its lowest in nearly a month, tracking a decline in domestic stocks as inflation surged and as oil prices climbed to their highest in nearly three weeks on supply fears from the prospect of more sanctions on Russia as the crisis in Ukraine deepens.
-
Soaring Global Inflation Does Not Fully Reflect Ukraine War's Impact Yet
Inflation has surged sharply in March, according to the latest data from India, the United Kingdom and the United States, but that does not reflect the full impact of the ongoing Russia-Ukraine war, suggesting that the risks are skewed more to the upside for price pressures globally.
-
Oil Prices Fall But Hold Above $100 A Barrel As Wild Gyrations In Crude Markets Continue
In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.
