A change to the excise is on the agenda in the internal debate over the March 29 budget alongside a tax plan designed to win back voters at the election due in May

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities

Bus operators, delivery companies and cabbies said they are now at their wits' end as about 30 per cent of their costs are transport related

Russia's economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow's invasion of Ukraine

Many banks stopped issuing letters of credit for Russian exporters in wake of sanctions, forcing companies to simply do without them.

A joint venture between Aramco, North Huajin Chemical Industries Group and Panjin Xincheng Industrial Group will develop the liquids-to-chemicals complex

Yellen said Russia was experiencing a "severe" economic contraction because of the sanctions but declined to offer a specific forecast for output

Exports rose 14.9% year-on-year to $18.74 billion, boosted by a 28.5% jump in sales of semiconductors and a 98.8% surge in petroleum products

Japan gets most of its primary energy needs from crude oil but LNG takes up a bigger piece of the pie when it comes to electricity production

Mitsubishi and Mitsui have stakes in the massive Sakhalin-2 project, while Marubeni and Itochu have invested in Sakhalin-1 oil project, from which Exxon Mobil is now withdrawing

Jet fuel prices have soared, leaving global carriers who have already been hammered by Covid-19 over the last two years having to pass on higher costs via fuel surcharges and increased fares

European diesel supplies have shrunk following the disruption caused by sanctions imposed on Russia in response to its invasion of Ukraine