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Explained: How the Russian oil price cap will affect the global economy
•The cap proposed by US Treasury Secretary Janet Yellen aims to reduce Russia's oil earnings that support its military and the invasion of Ukraine. It is set to take effect on 5 December, the same day the European Union will impose a boycott on most Russian oil
Petrol, diesel prices today, 18 October 2022: Check rates in Delhi, Mumbai and other cities
Trendingdesk •you can check the price of petrol and diesel by sending a text message from your phone to the number 9224992249 along with the city's area code
Top allies agree to back never-before-tried plan to cap Russian oil price as winter nears
•A month later, the Group of Seven, representing some of the world's leading economies, is still figuring out how to execute the plan, a far more complex task than it might seem at first blush, and the 5 December deadline to marshal participants is fast approaching
Pro-West media hunt for fissures in China, Russia ties as Beijing, Moscow hike trade volume
Dmitry Kosyrev •The pro-West media is increasingly trying to create an impression that China is just using Russia in its own clash with the West
Oil tops $113 for first time since 2014, equities sink on Ukraine war fears
•The main source of unease on trading floors is crude, which has rocketed since Russia began preparing to invade. On Wednesday Brent topped $110 for the first time since 2014 and WTI followed suit hours later to hit a 2013 high.
Russian-Ukraine crisis: Oil prices soar, shares drop in stock markets, after Vladimir Putin declares military operation
•Brent crude oil jumped to over $100 per barrel and Wall Street's benchmark S&P 500 index fell 1.8 per cent to an eight-month low after the Kremlin said rebels in eastern Ukraine asked for military assistance
Dharmendra Pradhan hints at new gas policy as current pricing formula economically unviable, says low oil prices no answer
•Natural gas prices in India have fallen to their lowest in more than a decade, leading to producers like ONGC incurring losses in businesses.
Quarterly earnings, coronavirus case trends, Fed rate decision to drive equities: Analysts
•The US Fed's two-day meeting begins on 28 April and interest rate decision will be announced on 29 April 2020.
US oil futures plumb historic lows below zero, Brent plunges on concerns of collapse in demand, storage facility
•Describing the drop in US oil futures as short-term and stemming from a “financial squeeze”, US President Donald Trump on Monday said his administration would consider halting Saudi crude oil imports.
Crude claws back into positive territory but historic crash spooks investors; analysts hint at demand destruction
•May futures settled at minus $37.63 a barrel on Monday, a 306% daily drop, driven by the rapid filling of the United States’ main storage hub at Cushing, Oklahoma - the delivery point for West Texas crude.