Europe

Russia Is Cutting India’s Natural-gas Supply, What’s Next? 

Russia Is Cutting India’s Natural-gas Supply, What’s Next? 

It is getting harder for India to source natural gas as Russia has slowed down the supply since the Ukraine invasion. Europe is drawing away much of the global natural gas supply to its shores.  “Contrary to widespread alarmism over the adverse impact of the Russia-Ukraine war on global commodity prices, the importance of commodity…

Russia-Ukraine War: Shares Rebounded, Crude Oil Surged $110/bbl

Russia-Ukraine War: Shares Rebounded, Crude Oil Surged $110/bbl

Russia-Ukraine War – Day 8 – The war has shaken the whole world, from the global stock market to transportation. US and European stocks, which have fallen a few days back, rebounded on Wednesday, but crude prices surged past $110 a barrel as fighting raged in Ukraine for the seventh day, posing a challenge for…

Fuel Prices Are at the Lowest as Covid Lockdowns Implemented Across the World

Fuel Prices Are at the Lowest as Covid Lockdowns Implemented Across the World

On Friday, oil prices dropped to a six-week low as additional Covid lockdowns raised demand issues just as industry participants signalled a supply restoration. Due to these reasons, domestic fuel merchants may drop gasoline and diesel rates following the rise of covid-19 cases in Europe, according to two inside sources. This Friday, standard Brent crude…