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Oil jittery as market weighs OPEC filling Russia supply gap

Uncertainty over where and when supply will come from to replace crude from the world's second-largest exporter Russia in a tight market has led to wide-ranging forecasts for oil prices

Global market can't dictate Indonesia palm policy: Trade Minister

Indonesia's palm oil price should not be dictated by external market, its trade minister said, backing his decision to expand palm oil export curbs at time of surging global prices from supply crunch

Ukrainian no-fly zone would end war quicker: Polish ambassador to Kyiv

Imposing a no-fly zone over Ukraine would help bring the conflict there to a faster conclusion and save lives, Polish ambassador said, as Russia continued a relentless bombardment of several cities

Russia can resolve issues with selling its oil, says Deputy PM Novak

Russian firms have encountered problems in securing financing for April contracts to sell crude and oil products, but the situation can be resolved, Deputy Prime Minister Alexander Novak said

Putin ally Chemezov says Russia will be victorious against sanctions

Sergei Chemezov, a close ally of President Putin, said that the military operation in Ukraine had prevented an attack on Russia, which would emerge victorious from the sanctions imposed by the West

North Korea to launch satellites to monitor military actions by US, allies

North Korea will launch a number of reconnaissance satellites in coming years to provide real-time information on military actions by the United States and its allies, Kim Jong Un said

Hong Kong leader plans to reopen city after curbing latest Covid outbreak

Hong Kong leader Carrie Lam said it was not the time to lift a ban on flights from 9 countries including US and UK, with plans to reopen the city only after the government controls a Covid outbreak

S Korea president elect Yoon Suk-Yeol harnessed voter discontent: Analysis

South Korea's new president-elect harnessed widespread public discontent to win Wednesday's election but the same volatile forces that brought him to power may complicate his efforts to enact reforms

Rio Tinto to end commercial ties with Russian businesses for Ukraine war

Rio Tinto on Thursday became the latest corporation to cut ties with Moscow saying it was ending all commercial relations with Russian businesses

Japan's Hitachi to suspend Russia operations after Ukraine request: Nikkei

Influential proxy advisory firm Institutional Shareholder Services (ISS) has advised against Toshiba Corp's break-up plan to be put to a vote on March 24, the Nikkei business daily reported

Asian shares surge as Russia-Ukraine talks guide sentiment, oil prices fall

Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia-Ukraine buoyed sentiment, but analysts warned the rally could be susceptible to sharp reversal

Explained: Why Japan's power sector depends so much on LNG

Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia's oil and LNG after Moscow's invasion of Ukraine

Oil prices rises as market weighs OPEC filling Russia supply gap

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia

Nestle, Philip Morris, gamemaker Sony join move away from Russia amid war

Nestle, Philip Morris and videogame maker Sony joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in West to take stand against Ukraine invasion

Ukraine war-related inflation may drive protests and riots: World Bank

Soaring energy and food prices triggered by Russia's invasion of Ukraine could exacerbate existing food security concerns in Middle East and Africa, and may fuel growing social unrest, said World Bank

World shares rise, oil falls 13% as UAE supports OPEC hiking output

Global stock markets rallied on Wednesday and oil prices fell by more than 12% as Ukraine and Russia looked to resume diplomatic talks and UAE supports hiking oil output to ease chaos in energy market

Inflation likely slipped in Feb but will rebound soon: Economists poll

Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future

Ukraine accuses Russia of genocide after bombing of children's hospital

Ukrainian's president accused Russia of carrying out genocide after officials said Russian aircraft bombed a children's hospital on Wednesday, burying patients in rubble despite a ceasefire deal

Global oil prices fall most in 2 years as UAE supports output hike

Global oil prices fell on Wednesday by the most in nearly 2 years after OPEC member the UAE said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia

Gas security a growing worry amid price rise and Russia's export dominance

Energy industry leaders said the burgeoning energy crisis is perhaps more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia