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Russia-Ukraine Crisis: What it means for India and investors : Rashtra News #RussiaUkraine #Crisis #means #India #investors Signaling a morose end to Pax Americana, Russian President Vladimir Putin early Thursday announced a military operation in Ukraine; with the Ukrainian foreign minister terming it a "full-scale invasion". US President Joe Biden has called Putin’s move “an

The world’s top oil exporter Saudi Arabia announced further voluntary output cuts which will be implemented from July.

Oil prices jumped by 2% on Monday after Saudi Arabia announced a production cut of a million barrels a day, which it called a 'Saudi lollipop.'

Oil prices rose following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the Petroleum Exporting Countries and its partners (known as OPEC+) made no changes to its planned oil production cuts for the rest of the year. However, the world’s top oil exporter Saudi Arabia announced further voluntary […]

PetroChina and China National Offshore Oil Corp. Ltd posted sharp increases in oil and gas output in the first nine months of 2021, a sign that China’s top state oil firms are aggressively pursuing plans to boost domestic fossil fuel output despite the nation’s energy transition journey gaining speed. Analysts said most major state-owned companies ...

Photo: CGP Grey At the end of 2020, oil markets perked up fuelled by the news on vaccine approvals, but this month, their optimism has faltered due to the persistent spread of the virus. Nonetheless, most analysts consider that demand for crude will recover in the second half of the year. Despite COVID-19’s recent resurgence in several countries, analysts expect a recovery in oil demand and prices this year, says S&P Global Platts adding that oil markets are watching a tug of war betw...