Oil import bill doubles to $119 billion in FY22 as energy prices rise

The crude oil import bill nearly doubled to $119 billion in the fiscal year that ended March 31, as energy prices soared globally following the return of demand and war in Ukraine. India, the world’s third largest oil consumer and importer, spent $119.2 billion in 2021-22 (April 2021 to March …

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Ukrainian President Volodymyr Zelenskyy has warned that Russia’s invasion of his country is just the beginning and that Moscow intends to capture other countries, after a Russian general said he wanted a total control over southern Ukraine. “All nations who, like us, believe in the victory of life over death …

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The Russian war sparked a coal renaissance

Despite much talk about accelerating renewables, coal continues to dominate some markets. China is steadily increasing its coal production, while Indonesia is looking to export to new European buyers. And while many countries are imposing sanctions on Russian coal, India is now backing its imports of cheap Russian oil with …

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Multilateralism will help world overcome future challenges, says Saudi finance minister

LOS ANGELES: When China banned bitcoin mining last year, it sparked a gold rush in American cryptocurrencies, with states such as New York, Kentucky and Georgia quickly becoming centers major mines, according to Reuters. New York State Assemblyman Clyde Vanel couldn’t be happier. “It’s a blessing that it’s happening here,” …

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Big greenhouse gas state takes biggest climate action yet

HARRISBURG, Pa. — More than two years after starting work on it, Governor Tom Wolf is set to sign into law the centerpiece of his climate change plan, making Pennsylvania the first major fossil fuel state to adopt a carbon pricing policy – but that could be a short-lived victory. …

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The energy transition poses a major problem for metals

The metal mining industry is at a crossroads. The key metals of the energy transition need billions of dollars of investment if the world has any chance of advancing the transition to meet the goals of the Paris Agreement. At the same time, investors are pulling out of carbon-intensive sectors, …

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How PepsiCo is helping Saudi Arabia improve irrigation and reduce water use

RIYADH: As Saudi Arabia grapples with water scarcity, PepsiCo is making every effort to address the sustainability issue in the region. The company has successfully partnered with farmers to reduce their water use by 25% by introducing extraordinary irrigation techniques in recent years. “In 2022, we hope to achieve our …

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Two ex-executives of a Russian gas company found dead in two days

Two former executives of major Russian gas companies have been found dead within two days in mysterious circumstances, according to multiple reports. Sergei Protosenya, former chief accountant of Russian gas giant Novatek, is the latest to be found dead, Spanish news site Telecino reports. The 55-year-old millionaire was found dead …

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Capito, EPW Republicans call USACE for political review of NWP 12

WASHINGTON DC — U.S. Sen. Shelley Moore Capito (RW.Va.), a ranking member of the Senate Environment and Public Works (EPW) Committee, today led her Republican colleagues on the committee in a letter to the Assistant Secretary of the Army for Civil Works Michael Connor expressing strong opposition to the United …

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Conci asks UCI to help unemployed Gazprom riders

Nicola Conci joined the Gazprom-Rusvelo team this season only to be laid off after the UCI suspended the team following Russia’s invasion of Ukraine. Now the Italian has issued a call on social media pressuring the UCI to find answers for him and his teammates. “The words of this message …

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Oil prices plunge after IMF downgrades global growth forecast

Oil prices fell more than 5% today as investors worried about a drop in demand after the International Monetary Fund cut its forecast for global growth. In the evening, the price of Brent crude, the main international oil contract, was down 5.4% at $107.11 a barrel, while the main American …

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Nigeria’s crude oil underproduction reached 14.88 million barrels in March, $1.488 billion lost due to lack of capacity

Emmanuel Addeh in Abuja Nigeria has only managed to pump 1.238 million barrels per day despite having a fixed production quota of 1.718 million barrels per day from the Organization of the Petroleum Exporting Countries (OPEC) in March 2022 , according to a new report from the cartel. At a …

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NOSDRA confirms the leak and deplores the impact of the oil theft on the environment and the economy

April 17 (THEWILL) – The National Oil Spill Detection and Response Agency (NOSDRA) on Sunday confirmed an oil leak from a 12-inch Benisede-Brass Creek delivery line at Peretuorugbene in Bayelsa. The incident at the pipeline operated by Shell Petroleum Development Company of Nigeria (SPDC) was investigated by NOSDRA. The Spill …

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Gazprom says to continue gas exports to Europe via Ukraine

(Reuters) – Russian gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Sunday, in line with demands from European consumers, it said in a statement. Requests stood at 57 million cubic meters for April 17, he …

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China’s new gold project is a double-edged sword for Tajikistan

The President of Tajikistan visited the northern region of Sughd on April 14 to oversee the opening of a new gold processing plant built by a Chinese investor at a cost of approximately $136 million. The company, Talco Gold, will produce up to 2.2 tonnes of gold and 21,000 tonnes …

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Ocon ‘happy’ to return to Saudi Arabia with safety guarantees RaceFans

Contents: Esteban Ocon says he would be “very happy” to race again in Saudi Arabia. In short Ocon would be ‘very happy’ to return to Saudi Arabia with security guarantees Esteban Ocon said he would be “very happy” to race in Saudi Arabia again in the future if Formula 1 …

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Autonomous Bosnia sees Russian gas prices rise (press)

Autonomous Bosnia sees Russian gas prices rise (press) Authorities of the Bosnian Croat Federation of Bosnia region Herzegovina expect gas prices from Russia’s Gazprom to rise 21.7% in the second quarter, Reuters announced April 14. Gazprom has supplied gas to Bosnia as well as Serbia through the 31.5 billion …

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Oil prices fall as market weighs on mixed supply signals

Workers walk as oil pumps are seen in the background at the Uzen oil and gas field in the Mangistau region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Join now for FREE unlimited access to Reuters.com Register NEW DELHI, April 14 – Oil prices fell on Thursday amid weak trading …

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House Democrats urge Biden to get tough on Saudi Arabia – Reuters

WASHINGTON (AP) — Nearly three dozen House Democrats are pushing the administration to get tough on Saudi Arabia, calling it the wrong strategic partner after it refused to help ease the global oil supply crisis. during the Russian invasion of Ukraine. Representative Gerry Connolly, a Democrat from Virginia and senior …

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Saudi Arabia seeks to position NEOM as a leader in hydrogen

At the first-ever conference dedicated exclusively to decarbonized hydrogen in the Middle East and North Africa (MENA), attendees thoroughly explored the technical and financial complexities of initiating major projects. They covered projects announced by various consortia around the world, all in the early development stage. An exception appeared in the …

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TotalEnergies to increase LNG capacity on the Louisiane project

TotalEnergies plans to increase production capacity at the Cameron LNG plant in Louisiana in the United States, the French supermajor announced on Monday, as the United States seeks to increase LNG shipments to Europe to help it reduce its dependence on Russian gas. As part of a recent memorandum of …

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Saudi stock market rebounds as oil prices ease: Opening bell

RIYADH: Oil prices fell $2 a barrel at the start of Asian trading on Monday, following a second consecutive weekly decline after global consumers signaled plans to release a record volume of crude and petroleum products from stockpiles strategies and that blockages in China have continued. Brent crude fell $2.04, …

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GOP energy promises face limits in Pennsylvania governor’s race

HARRISBURG, Pa. — Republican Bill McSwain pledges to be a pro-energy governor by “turning on the natural gas tap.” Another hopeful, Dave White, says he wants Pennsylvania “to be the energy capital of the world.” A third candidate, Lou Barletta, says having a glut of natural gas in the ground …

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Russian oil continues to flow to India and China

It has been exactly six weeks since Russia invaded Ukraine, with no end in sight for one of humanity’s greatest existential crises of modern times. In response to Russia’s unprovoked and unjustified war, the United States and the West hit the rogue nation with a plethora of sanctions, with the …

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UN unveils plan to prevent oil tanker disaster off Yemen coast

NEW YORK – Critical funding and timely action are needed to prevent a decaying oil tanker anchored near the coast of Yemen from causing a major oil spill, the United Nations humanitarian coordinator for the country said in New York on Friday. David Gressly outlined plans to deal with the …

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Fed law enforcement warns Russian hackers could target critical infrastructure in Wyoming

***For all things Wyoming, sign up for our daily newsletter*** By Jennifer Kocher, Cowboy State Daily Federal law enforcement officials warn that Russian hackers are targeting refineries, pipelines, power grids and other critical energy infrastructure in the United States, including in Wyoming. However, historically, the weather has posed a greater …

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Oil prices set to drop weekly on stock releases

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/ Join now for FREE unlimited access to Reuters.com Register LONDON, April 8 (Reuters) – Oil prices rose on Friday but …

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Spotlight on Global Pipelines with OneBridge Solutions

World Pipelines Editor Elizabeth Corner speaks with Colin Scott, OneBridge Solutions, about compiling health data. In this featured session, we review OneBridge Solutions’ recent article for World Pipelines, “The Snowball Effect of Integrity Data Compilation,” written by Colin Scott. The article is published in the March 2022 issue of World …

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Exclusive: Chinese state refiners shun new Russian oil swaps, teapots go under the radar

Sinopec, CNOOC, PetroChina, Sinochem refrain from new purchases Sanctions concerns keep state-owned companies at bay Some independent refiners continue to import ESPO crude SINGAPORE, April 6 (Reuters) – Chinese state refiners are honoring existing Russian oil contracts but avoiding new ones despite deep discounts, heeding Beijing’s plea for caution as …

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Breaking the lower triangle support – what next?

Crude Oil Outlook: Crude Oil Prices Continue to See Volatile Price Action in Both Directionsalthough a break lower from a recent symmetrical triangle appears to be underway. Rising US oil production, combined with lower US demand, is easing upward pressure on energy prices. According to IG Customer Opinion Indexcrude oil …

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Saudi Fransi Capital and MIS to launch $40m tech-focused venture capital fund

Al Moammar Information Systems Company (MIS), listed in Riyadh, and Saudi Fransi Capital have signed a first pact to create a venture capital fund, to invest in early-stage tech start-ups in Saudi Arabia as the kingdom diversifies its economy away from oil. The required initial size of the fund is …

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Germany depends on Russian gas, oil and coal: here’s why

Last year, Russia supplied more than half of the natural gas and about a third of all the oil that Germany burned to heat homes, fuel factories and fuel cars, buses and trucks. About half of Germany’s coal imports, essential for its steelmaking, came from Russia. Russian gas, oil and …

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Russia-Ukraine War News: Live Updates

War in Ukraine: what you need to know The last: Zelensky will deliver a wartime speech to the UN Security Council on Tuesday in a meeting expected to focus on the Bucha massacres. Vowing to hold Putin accountable, Biden again said war crimes had taken place in Ukraine. The fight: …

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Why Renewables Cannot Solve Europe’s Energy Crisis

Germany is preparing for gas rationing. The operator of the French electricity network is request consumers to use less electricity. In the UK, protests erupt over the latest electricity price hike which plunged millions of homes in what a local think tank called fuel stress. Europe has a serious energy …

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Saudi Arabia raises oil prices again | Rigzone

Saudi Arabia has raised oil prices for customers in all regions as Russia’s invasion of Ukraine continues to ripple through markets. State producer Saudi Aramco has raised its light Arabian crude for next month’s shipments to Asia to $9.35 a barrel above the benchmark it uses. That’s a jump of …

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Discover the Vermeer D220X500 S3 Versatile Horizontal Directional Drill

Customizable solution for large diameter trenchless installation projects In a fluctuating oil and gas pipeline construction industry, many contractors are looking to diversify the sectors they serve. Today’s industry sees tremendous growth opportunities in reinforcing electrical transmission lines; installing renewable energy; and replacing/expanding water supply, sewer, natural gas and carbon …

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Ministers prepare to take control of Gazprom in days | Economic news

The government is set to nationalize the British supply arm of Gazprom in days amid a standoff between the Russian state-controlled energy company and a Wall Street banking giant. Sky News has learned that ministers are drawing up plans to take Gazprom Marketing & Trading Retail (GM&T) in public hands …

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Has the surge in oil prices further fueled Turkish inflation?

Did Turkish inflation hit a 20-year high in March? Soaring global energy prices likely propelled Turkish inflation to its fastest rate in two decades in March, but President Recep Tayyip Erdogan’s fixation on low interest rates means the central bank remains reluctant to respond with a tighter monetary policy. The …

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Saudi Arabia and the Middle East are investing heavily in solar power, says Nextracker executive

GCC not at risk of food insecurity but inflation as Ukraine crisis disrupts supply RIYADH: The ongoing war between Russia and Ukraine is creating major disruptions in the global food supply, creating fear of food insecurity and inflation in some heavily import-dependent countries amid rising food prices. energy costs. The …

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In a David vs. Goliath battle between NGOs and a pipeline company, Goliath loses

David Sligh, Conservation Director at Wild Virginia Will Kerner Logistics accounts for 7.4% of US GDP. Pipeline transport represents only half a percentage point of this total of 7.4%. Proponents of pipelines argue that when pipelines are properly built and maintained they have fewer carbon emissions associated with transporting natural …

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Steel shortage adds to woes for US shale drillers

US shale oil drillers are complaining of a shortage of steel tubing for wells, contributing to stagnant production. In a Friday report, Bloomberg cited data from KeyBanc Capital Markets, which showed the price of pipe used in the oil industry – tubular goods for oil countries – soared to $2,400 …

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India to lead transmission pipeline projects in Asia until 2026

Sudarshini Ennelli, Oil and Gas Analyst at GlobalData, comments, “India is striving to develop robust transmission pipeline infrastructure for greater oil and gas transportation to meet the ever-increasing demand for energy. The Kandla-Gorakhpur product pipeline is one of the key projects with a length of 2809 km and a cost …

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Live Updates: Biden pledges $500 million in economic aid to Ukraine in call with Zelensky

© AFP via Getty Images The Russian and German leaders agreed to hold additional expert talks on gas payments after a phone conversation on Wednesday, according to the Kremlin. Germany is Russia’s biggest gas buyer and was the first to worry about Moscow’s demand that European buyers start paying for …

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Nifty could yield 15% return in 2022 if oil prices stabilise, new-age tech is clearly one to avoid | MAINTENANCE

If crude oil prices stabilize quickly, NSE Nifty 50 could potentially rise and help investors pocket around 15% in the current year 2022, said George Heber Joseph, CEO and CIO, ITI Mutual Fund, in an interview with Kshitij Bhargava of FinancialExpress.com. Joseph spoke about the impact rising crude oil prices …

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Baker Hughes and Dussur team up for chemical project in Saudi Arabia

A Baker Hughes sign is displayed outside the oil logistics company’s local office in Sherwood Park near Edmonton, Alberta, Canada November 13, 2016. REUTERS/Chris Helgren Join now for FREE unlimited access to Reuters.com Register March 29 (Reuters) – Baker Hughes and Saudi Arabia‘s state-owned Dussur have agreed to form a …

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MPCL starts gas supply from Goru-B reservoir in Ghotki

Mari Petroleum Company Limited (MPCL) on Monday announced the start of the first gas supply from the Tipu compartment of the “Goru-B” reservoir located in Ghotki district of Sindh province. According to MPCL, initially approximately 20 mmscfd of pipeline grade gas will be supplied to Sui Northern Gas Pipelines Limited …

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Soaring energy stocks may bode ill for global markets

A week ago, we reported that the rise in oil and gas prices caused by the conflict in Ukraine had increased the threat of worst stagflationary shock hitting Europe since the 1970s. Europe is at serious risk of plunging into a deep recession if Russia follows through on its threat …

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Lapid’s flagship Negev Summit sets sail on a sea of ​​regional fears

The Negev summit organized by Foreign Minister Yair Lapid on Sunday and Monday is presented as a show of force against Iran. The foreign ministers of the United Arab Emirates, Bahrain, Morocco and Egypt join Lapid and US Secretary of State Antony Blinken, and there is no doubt that Iran …

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US aid will help Europe replace Russian LNG but not the pipeline

Friday’s announcement that the United States would help Europe find alternative sources for the 15 billion cubic meters of liquefied natural gas (LNG) it imports from Russia every year raised hopes that the region could reduce its dependence on Russia for energy – but it does nothing to reduce the …

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Inflationary pressures have shaken consumer confidence; The Moscow stock market falls – as it happened | Business

Photography: Yuri Kochetkov/EPA The Russian stock market fell today, wiping out much of Thursday’s rally when the stock market reopened for the first time in nearly a month. The Moex share index slipped 3.66% today, with all sectors in the red, after gaining 4.4% yesterday. Limited stock trading resumed yesterday …

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In the 2nd surprise price increase of the week, diesel, heating oil and fuel oil rose again across NL.

Drivers in Newfoundland and Labrador are seeing new pump prices for the third time this week. (Jonathan Hayward/The Canadian Press) The costs of some fuels in Newfoundland and Labrador rose again on Friday as the Public Utilities Board changed prices for the third time this week as the global oil …

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Saudi Arabia, UAE call for more US security support

Saudi Arabia and the United Arab Emirates are pushing the United States to step up security support as the Biden administration seeks cooperation from the two Gulf powers on everything from energy to the Ukraine crisis to the 2015 nuclear deal with Iran. The United Arab Emirates has asked the …

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Onshore Oil and Gas Pipelines Market Size, Share and Trends 2022-2028, Key Players Forecast

The Global Onshore Oil and Gas Pipelines Market The report emphasizes on a detailed understanding of some crucial factors such as size, share, sales, forecasted trends, supply, production, demand, industry, and CAGR to provide a comprehensive perspective of the overall market. Further, the report also highlights challenges impeding market growth …

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Solihull regeneration steps forward as Willmott Dixon appointed to develop Kingshurst Parade

A contractor has been appointed to work on a huge redevelopment of Solihull. Regeneration of the parade village center of Kingshurst is gaining momentum. At a Kingshurst Parish Council meeting on March 10, Councilor David Cole shared an update on the latest Kingshurst ward member briefing. Cllr Cole said that …

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Deja vu: Soaring oil prices raise fears of a global recession

The more Russian oil supplies slip off the market in the coming months, the higher the risks of a global recession later this year, economists and analysts have begun to warn since Russia invaded Ukraine it a month ago. The latest warning came this week from two economists at the …

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Saudi defenses intercept Houthi ballistic missile

Al Houthis this week stepped up its cross-border attacks on Saudi Arabia despite a call from the Gulf Cooperation Council (GCC), which includes the kingdom, to hold inter-Yemeni talks later this month to resolve the dispute over long standing in Yemen. On Sunday, the Arab alliance said Saudi air defenses …

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Russia warns of sharp drop in Caspian pipeline oil exports after storm

An exterior view shows a new Caspian Pipeline Consortium (CPC) pumping station near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva Join now for FREE unlimited access to Reuters.com Register March 22 (Reuters) – Oil exports from Russia and Kazakhstan through the Caspian Pipeline Consortium (CPC) from the …

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$75m superyacht owned by Russian oligarch seized in Gibraltar | Russia

A superyacht owned by a sanctioned Russian oligarch has been seized in Gibraltar, becoming the latest vessel to be seized by authorities. The $75m (£57m) Axioma belonging to billionaire Dmitry Pumpyansky – owner and chairman of steel pipe manufacturer OAO TMK, which is a supplier to Russian state energy company …

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Explained: Why petrol and diesel prices rose after a 137-day freeze

Gasoline and diesel prices were raised on Tuesday for the first time in more than four months as oil marketing companies (WTO) increase in the prices of the two fuels of about Rs 0.8 per litre. The price of petrol in the nation’s capital is now Rs 96.21 per liter …

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Aramco health adds spice to Saudi yuan dilemma

The Saudi Aramco logo is pictured at an oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register LONDON, March 21 (Reuters Breakingviews) – Saudi Aramco (2222.SE) is giving Mohammed bin Salman some extra firepower in his fight against Joe …

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Aramco rises in times of crisis

Aramco rises in times of crisis Despite all the challenges such as oil price volatility, uncertainty caused by the ongoing Russian-Ukrainian crisis and the economic slowdown resulting from the pandemic, Saudi Aramco remains among the top performers in the energy league. The oil giant’s performance is evident in its 2021 …

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Oil prices are rising⁠ and pipeline stock dividends are rising. Here’s how to play it.

Sanctions on Russia are shaking up global energy markets, pushing crude oil above $100 a barrel and pushing U.S. gasoline prices to an average of $4.30 a gallon, up almost 50% last year. He also made the energy sector a superstar this year. Of the 11 sectors of S&P500, energy …

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Bulgaria won’t discuss renewal of gas deal with Gazprom

A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register SOFIA, March 19 (Reuters) – Bulgaria will not enter into negotiations with Russian energy giant Gazprom to renew …

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Saudi crude exports hit 21-month high in January – JODI

FILE PHOTO: Flames are seen at Saudi Aramco’s Shaybah oilfield production site in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah Join now for FREE unlimited access to Reuters.com Register March 18 (Reuters) – Saudi Arabia‘s crude oil exports in January reached 6.996 million barrels per day (bpd), …

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Portugal seeks to position itself as Europe’s ‘new gas gateway’ – EURACTIV.com

The European Union will find it difficult to reduce its dependence on Russian gas, but must do so to avoid possible supply shortages next winter, a Portuguese minister said on Wednesday March 16, adding that Portuguese imports of natural gas liquefied (LNG) could help. Russia supplies around 40% of the …

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Herts County Council reviews Russia-related investments

Hertfordshire County Council bosses have reviewed their contracts and investments, in light of the situation in Ukraine. Since the invasion of Ukraine, county council officials have confirmed that the council has no “direct” contracts with Russian companies. There are three unspecified sites – which recently came under county council control …

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Oil prices continue to fall on new hopes for peace between Russia and Ukraine

Text size Oil prices erased gains early Wednesday on renewed hopes for peace between Russia and Ukraine. Getty Images Oil prices continued to slide on Wednesday after falling into a bear market just a week after hitting their highest levels since 2008. West Texas Intermediate (WTI) futures fell more than …

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Saudi Arabia’s human rights record could be neglected over need for cheap oil, groups say

LONDON – Saudi Arabia’s mass execution of 81 people in one day, condemned by activist groups as a “massacre”, has sparked fresh fears that the kingdom’s human rights record is on the mend again. ignored in the context of the global energy crisis. The Saudi Interior Ministry said the men …

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‘It’s a fossil fuel war’: Ukraine’s top climate scientist speaks out

This story was originally published by the Guardian and is reproduced here as part of the Climate office collaboration. For Svitlana Krakovska, Ukraine’s top climate scientist, it was the week when eight years of work culminated in a landmark UN report exposing the devastation the climate crisis is causing around …

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Chelsea’s Champions League draw at Lille will be shown live in Russia on a public TV channel

EXCLUSIVE: Chelsea’s Champions League Round of 16 tie at Lille will be shown live in Russia on a public TV channel – with UEFA yet to make any changes to their broadcast deals following the invasion from Ukraine Chelsea match to be shown live despite Roman Abramovich sanctions UEFA yet …

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The war in Ukraine accelerates the fall of the dollar

Last week, former New York Fed staffer Zoltan Pozsar sent shock waves through Wall Street as he last piece of researchhe hinted that following the war in Ukraine, which resulted in a “commodity collateral” crisis (and which is rapidly turning into an old fashioned liquidity crisis), the Chinese PBOC will …

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Britain’s Johnson urges Saudi Arabia to increase oil production, minister says

LONDON, March 14 (Reuters) – British Prime Minister Boris Johnson is trying to persuade Saudi Arabia to increase oil production, a senior minister said on Monday, following reports that Johnson is heading to the weight heavyweight from OPEC this week. Saudi Arabia and the United Arab Emirates have so far …

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Turkey could ‘easily’ send Israeli gas abroad: Dönmez

Israel’s natural gas could be “easily” transported abroad through Turkey’s pipeline network, Energy and Natural Resources Minister Fatih Dönmez said on Saturday. “We already have a national transport system on our territory. Some of the (Israeli gas) can be easily transferred from there,” Fatih Dönmez told private broadcaster CNN Türk. …

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Oil could experience its biggest supply shock since 1973

The global oil market was already tight before Russia’s invasion of Ukraine, but Putin’s war and its aftermath on Russian crude supply and energy prices has the potential to send the market into a shock. major supply chain comparable to the Arab oil embargo of 1973. Oil inventories in major …

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Saudi Arabia. Boris Johnson’s visit for oil talks – as kingdom announces execution of 81 | world news

Boris Johnson is set to travel to Saudi Arabia next week for oil talks as he tries to extricate the UK from dependence on energy supplies from Russia. Although Downing Street insists the trip is not finalized or confirmed, the Prime Minister faces calls from Tory MPs to intervene to …

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Gas shortage worsens in Peshawar

PESHAWAR: Residents of the provincial capital are facing many problems due to the shortage of Sui gas but the authorities concerned are less concerned with alleviating their suffering. Residents of the Peshawar cantonment have complained that they have faced a suspension of natural gas for the past four days. Residents …

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Bond investors left in the dark after some Russian borrowers repaid

Investors have been waiting for a wave of Russian companies to default on their debts since the West froze Moscow from the global financial system in retaliation for the war in Ukraine. So Gazprom’s decision to repay a $1.3 billion bond in full on Monday caught bondholders off guard. This …

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UK oil prices – live: Drivers pay ‘incredibly high’ costs as RAC says diesel ‘on track to reach £1.70 a litre’

Drivers queue for fuel in England as motorists are hit by rising oil and diesel prices With average petrol and diesel costs hitting record highs in the UK, drivers will see ‘unbelievably high prices on the forecourts’, the RAC has warned, as petrol has reached over £2 a liter in …

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Saudi-American operation rescues American women from Sanaa

ISLAMABAD: Pakistani painter Rabia Zakir, who this week became the first international artist to hold a solo exhibition in Medina on International Women’s Day, hailed Crown Prince Mohammed bin Salman’s Vision 2030 reform plans to promote arts and culture in Saudi Arabia. Zakir is well known in diplomatic circles for …

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EA Sports retains Russian ad in ‘FIFA 22’

Although EA Sports removed elements of the Russian Ultimate Team from FIFA 22there are still prominent billboards displaying Gazprom, a Russian state-owned energy company. Advertisements for the energy company are clearly visible during EUFA Champions League match replays and build-ups. NME contacted EA to comment on the situation, as we …

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Economic growth at 7.8%, the rise in oil prices slows down: S&P Global Ratings

Rising oil prices could dampen economic growth and lead to large current account (CAD) deficits in major energy-importing countries like India, S&P Global Ratings said on Wednesday. The rating agency pegged India’s economic growth at 7.8% for FY23. It said high inflation, weaker demand and heightened uncertainty …

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Staples: Alberta offers a way out of North America’s chaotic energy policy

Breadcrumb Links Politics national Columnists Energy security is the most burning domestic issue in the United States right now. Biden and his Democrats are reportedly considering importing more oil from dictatorships like Venezuela, Saudi Arabia and Iran. Publication date : March 09, 2022 • 57 minutes ago • 3 minute …

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China plans ‘THREE new gas pipelines with Russia’ as EU, UK and US ban all energy supplies | Science | News

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping are looking to increase their gas trade exponentially with the development of three gas pipelines that will connect Russia to China. It comes as the rest of the world sever all ties with Russia after its President Vladimir Putin ordered …

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Nasdaq 100 plunges into bear market as soaring oil prices fuel stagflation concerns

NASDAQ 100 OUTLOOK: US stocks sink at the beginning of the week in a climate of risk in the face of high geopolitics tensions stemming from the ongoing war in Ukraine Nasdaq 100 breaks through support and crashes 3.75% to 13,319increasing the likelihood of a retest of the 2022 low …

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Saudi local industry secured $21 billion in investment in 2021 – minister

RIYADH, March 7 (Reuters) – Saudi Arabia attracted 81 billion riyals ($21.6 billion) of investment in the industrial sector in 2021, both for the private sector and for joint ventures with government entities, said the Saudi Minister of Industry on Monday. The kingdom has set lofty goals to diversify its …

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Repercussions of the Russo-Ukrainian War on Africa

The transformation of the Russian invasion of Ukraine’s Donbass region into an all-out war on February 24 has raised global economic and security concerns. In this context, the reactions of African countries to the Russian intervention, how the Russian-Ukrainian war will affect Russia’s African policies, and general reflections of the …

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Political certainty protects Indian stocks from soaring oil prices: Morgan Stanley

Falling oil intensity in GDP and rising share of domestic investors are among other reasons, foreign consultancy says Despite an oil supply shock, Indian interest rates, currency and equities appear to be relatively calm for six main reasons, Morgan Stanley said. The global financial advisory firm has analyzed the probable …

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How the Giant Saudi Wealth Fund is building a post-oil future: QuickTake

1. What does PIF invest in? Its biggest holdings are still in local companies such as the Saudi National Bank, Saudi Telecom Co. and national projects like Neom, a $500 billion city-state that would run entirely on renewable energy and export energy. ‘green energy. Since 2016, when it committed $45 …

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Individual News – CIHI Explore

LONDON (ICIS)–EU gas stocks must be at least 80% full by September 30 to ensure the EU is better prepared for next winter, according to a document drafted by the European Commission and consulted by CIHI. To reach such a level, the commission suggests several measures to be implemented by …

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With war at its doorstep, Europe discovers a capacity for action

March 5, 2022 gIVEN THE compound nouns of daunting length and complexity that abound in German, Wende may seem like a modest concept. Yet a Wende– a turning point, a turning point, crossing a Rubicon – is a big, important, daunting thing. It’s when deeply held beliefs are let go …

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Javid tells NHS to stop using power supplied by Gazprom | Energy industry

Sajid Javid said the NHS in England must stop using energy supplied by Russian company Gazprom. A senior government source has told news agency PA Media that the Health Secretary is in talks with NHS England (NHSE) over terminating the contracts, which Politico said were worth £16m sterling in 2021. …

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KUNA: Kuwaiti oil price remains well above the 100 point threshold – General

03/03/2022 LOC08:59 05:59 GMT KUWAIT, March 3 (KUNA) — The price of Kuwaiti crude oil remained well above the 100-point threshold amid global turmoil caused by the ongoing Russia-Ukraine crisis.In a statement on Thursday morning, the Kuwait Petroleum Corporation (KPC), the umbrella company of Kuwaiti …

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Oil prices rise as fears over Russian crude supply escalate

Oil prices continued to climb on Wednesday as markets braced for severe disruptions in crude supplies from Russia as Moscow’s invasion of Ukraine continues. The global benchmark, Brent crude, climbed as high as $113 a barrel on Wednesday, just days after breaking the triple-digit mark for the first time in …

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ESG and Article 8 funds face questions over Gazprom holdings

State-owned companies were often a thorn in the side of long-lasting investors, but Russia’s invasion of Ukraine is drawing attention to names like Gazprom. The company is both a champion of the Russian state and a dominant force in the European energy market. However, measures taken by Western countries, such …

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Saudi Arabia could raise April crude prices to Asia to historic highs

A view shows branded oil tanks at the Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register SINGAPORE, March 2 (Reuters) – Saudi Arabia, the world’s biggest oil exporter, could sharply raise crude prices for Asia in …

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Wheat prices up 5% as Ukraine crisis threatens global supply chains

RIYADH: Saudi Arabia has announced the establishment of its first electric vehicle manufacturing plant in the country, with the government planning to ensure that 30% of all vehicles in the capital, Riyadh, run on electricity by 2030 . This is another step towards promoting a sustainable lifestyle in the Kingdom …

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What will happen if Russia cuts gas supplies to Europe?

Gas prices in Europe soared as Russia launch a military operation in Ukraine. Air raid mermaids sounded in the Ukrainian capital of Kiev last week as President Vladimir Putin ordered an attack on several cities – with missiles and troops sent into the country. Videos captured by eyewitnesses show long …

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Live Updates: Russia invades Ukraine

The Ukrainian city of Mykolaiv is picking up the pieces after a weekend of heavy fighting. (CNN) Battered by heavy shelling, peppered with gunfire and then…everything calms down. Along Ukraine’s strategic Black Sea coast, Russian forces are playing a strange game, testing defenses, spilling blood and raising tensions, but failing …

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Oil and gold prices jump, Russian central bank hikes rates as ruble falls – Business Live | Business

Hello and welcome to our ongoing coverage of the global economy, financial markets, eurozone and business. The Russian ruble crashed more than 40% to a new all-time high against the dollar, oil prices jumped up to $7 a barrel and gold prices gained 1%, as financial markets opened for the …

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The Crown Prince receives a phone call from the French President

RIYADH/JEDDAH: Ukrainians living in Saudi Arabia watch the news, worried for the safety of family and friends, and alarmed by events in their home country. “Missiles, sirens all the time, explosions in this area and bomb shelters,” said Kateryna Tkachenko, 23, from Ukraine, who lives in Jeddah. “That’s all the …

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