Oil up over supply fears from unfolding Russia sanctions; scrambling world markets
World (Times Of Ocean)- Oil prices edged higher on Wednesday following a proposal for more sanctions on Russia, despite concerns over demand following a lockdown in Shanghai's financial district, along with a rise in the US dollar index making dollar-priced oil more expensive.
Turkey raises gas prices for industry, households
Istanbul (Times Of Ocean)- Turkish state-owned energy importer BOTAS said it had raised natural gas prices for industrial facilities by 50% and those for households by 35% late on Thursday, raising the prospect of further stoking inflation, which is expected to top 60% in March.