04:34 PM @ 04/03/2022
The decision by OPEC+ to stick to its plans for only a small increase in crude oil output in April shows the producer group is increasingly disconnected from the new reality of the market following Russia's invasion of Ukraine.SEE MORE04:10 PM @ 04/03/2022
The Russian rouble slumped to new record lows against the dollar on Thursday though it closed the Moscow session little changed, after Fitch and Moody's downgraded Russia's sovereign debt to "junk" status, with steps by the central bank and finance ministry failing to halt its slide.SEE MORE03:41 PM @ 04/03/2022
Sanctions imposed on Russia are necessary, justified, and the only option to stop the war in Ukraine, the CEO at German chemicals major Evonik said on Thursday.SEE MORE02:35 PM @ 04/03/2022
The further surge in oil prices threatens more lost PE and PP demand and weaker margins. But perhaps, as the ICIS analyst Ajay Parmar discusses, relief could come from higher OPEC production and a renewed Iran nuclear deal. But this might take several more months.SEE MORE04:30 PM @ 03/03/2022
The Ministry of Industry and Trade (MOIT) and Ministry of Finance (MOF) have raised the ceiling fuel prices for the March 1 review. This is the third consecutive price increase in the Year of the Tiger.SEE MORE
