Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Saudi Arabia and UAE defend OPEC's oil production cuts while US envoy warns of global economic uncertainty, exposing widening diplomatic rifts between Washington and Gulf allies.
Multiple Indian companies reported strong September quarter earnings with profit jumps ranging from 12% to 185%, while infrastructure and energy sectors secured major contracts and approvals.
Petrol prices forecast to reach $2.15/litre as excise tax returns while government faces scrutiny over $6.5bn defence project cost blowouts spanning decades.
Ministro de Minas e Energia afirma que Petrobras cumprirá acordo de 2019 com Cade para vender oito refinarias, reduzindo concentração de mercado de 98% para 80%.
Alberta's housing starts hit a seven-year high in May as surging oil prices fuel renewed construction activity, with Calgary leading the province's building boom and attracting interprovincial migration.
Oil prices edged higher as China relaxed COVID restrictions, boosting demand expectations, while OPEC+ output increases face practical limitations due to sanctions and capacity constraints.
India's palm oil imports hit a 7-month high in May at 660,000 tonnes, up 15% from April, as the country diversified sourcing from Malaysia, Thailand, and Papua New Guinea following Indonesia's export restrictions.
High oil prices impact Walmart and Target differently based on store locations. Walmart benefits from concentration in low-fuel-cost states like Texas, while Target faces higher costs in California and New York.
EU bans Russian oil imports phased over months, potentially reducing purchases by 3.3M barrels daily while risking higher global prices and strengthening Russia-China energy ties.
UnifyTwin announced its Intelligent Industrial App Suite with five business applications deployed across 450+ industrial customers globally, addressing sustainability and operational efficiency in manufacturing.
Indraprastha Gas Limited raised CNG prices by Rs 2 per kg in Delhi-NCR effective Sunday, with Delhi now at Rs 73.61/kg. Price hikes across multiple states follow climbing global crude oil and domestic gas costs.
The US exported 1.5 million barrels of crude daily to Europe in April as the EU prepares to embargo Russian oil. Analysts debate whether diversification and monitoring can prevent Russian crude from reaching Europe through third-party intermediaries.
India's major cities face relentless CNG price hikes driven by surging global crude oil costs. Delhi saw 5 increases in April alone, while Mumbai and Gujarat experienced 3 and 2 respectively.
Spain's food safety agency warns of clandestine olive oil fraud where seed oil is mislabeled as premium olive oil, distributed across multiple regions amid rising food prices.
Indraprastha Gas Limited raised CNG prices by Rs 2.50 per kg in Delhi-NCR, with Delhi now at Rs 66.61/kg. This marks the seventh price revision in a month, driven by global LNG spot market highs.
Brent crude hits $138/barrel on 14-year highs, benefiting oil & gas stocks like ONGC and Oil India while pressuring paint manufacturers dependent on crude-based raw materials.
Crude oil futures closed at $103.41/barrel as the IEA coordinated a strategic petroleum reserve release while OPEC+ prepared to meet, signaling efforts to manage volatile energy markets.
Commercial LPG cylinder prices increased by Rs 105 for 19kg cylinders in Delhi effective March 1, while 5kg cylinders rose by Rs 27. Domestic LPG prices remain unchanged.
A suspected Houthi drone attack in Abu Dhabi killed three people, including two Indians, and injured six others, causing explosions on oil tankers and a fire at an airport extension.
National Oil Marketing companies reduced commercial LPG cylinder prices by Rs 102.50 effective January 1, 2022, providing relief to restaurants and small food businesses after a December price hike.
Oil prices edged higher Tuesday despite investor concerns over rapid Omicron spread potentially triggering new restrictions that could dampen fuel demand globally.
Tomtoc's Nintendo Switch OLED Slim Protective Case delivers ultra-thin hard shell protection with 10 cartridge slots, ideal for minimalist travelers who prioritize compact design over accessory storage.
Indraprastha Gas Limited raised CNG prices across Delhi, Haryana, and Rajasthan effective December 4, 2021, with Delhi's rate climbing to Rs 53.04 per kg and regional variations reaching Rs 67.82 per kg.
Indonesia's palm oil exports projected to reach 34.44 million tonnes in 2022, up 3.19% year-over-year, with production expected to jump 2.95% to 48 million tonnes, according to industry association GAPKI.
