As oil prices have risen over the last year companies ranging from giants like Chevron to mid-sized players such as Devon Energy have chosen to only lift capital investment modestly.

The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine.

Washington said the penalties will be severe, and will have lasting impact on Russia's economy.

The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic recovery.

US President Joe Biden announced export controls against Russia to cut off more than half of the country's high-tech imports, alongside sanctions on Russian elites and banks. The EU moved to impose "massive" sanctions on Russia's energy and finance sectors, while French President Emmanuel Macron called Putin to "demand immediate...

The ongoing conflict will directly impact the Gulf and Arab countries since they import vast food items from the two countries, particularly wheat.

The Arab oil and gas producers are likely to close the gap that could arise from the disruption of oil flows from Russia, according to the Institute of International Finance.

The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent.

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

Russian air strikes hit military facilities across the country and ground forces moved in from the north, south and east, triggering condemnation from Western leaders and warnings of massive sanctions. At least 40 Ukrainian soldiers and 10 civilians were killed.

According to the UN, a full-scale Russian invasion on Ukraine would have a devastating global impact that would likely spark a new "refugee crisis", with traders fretting over supplies of key commodities including wheat and metals.

Although the pipeline is seen as an efficient way to supply energy to the European Union, which depends heavily on Moscow, critics always warned it would tighten Russia's strategic grip on European nations, while deliberately weakening Ukraine.

Major gas exporting nations said Tuesday they could not guarantee prices or supplies at a summit overshadowed by the worsening Ukraine crisis which has pushed costs to record highs in Europe. Qatar's emir, who hosted the talks, said gas producers were working to ensure "credible and reliable" supplies as Europe's...

The jump in oil prices is compounding worries about inflation around the world, with the US Federal Reserve coming under intense pressure to tighten monetary policy to prevent prices from running out of control.

Iran urged "restraint" from both Russia and Ukraine on Tuesday while blaming the United States and NATO for the sharp escalation of tensions.

Locals residing in border area are angered at both Russian President Vladimir Putin and Ukraine's Western-backed leader Volodymyr Zelensky for not ending the war, resident from Avdiivka said "I want to slap Putin and Zelensky."

Russian President Vladimir Putin on Monday recognised the independence of two separatist regions in eastern Ukraine in an emotional address on state-run television, despite warnings from the West this could trigger sweeping sanctions. "I believe it is necessary to take a long overdue decision, to immediately recognise the independence and...

Iran's President Ebrahim Raisi arrived in Qatar on his first visit to a Gulf Arab state Monday for a major gas summit that will be dominated by tensions over Ukraine.

Ukraine and Russia called for intensified diplomatic efforts Sunday to avert all-out war, each blaming the other for a sharp escalation in shelling on the front line separating Kyiv's forces from Moscow-backed separatists. After separate calls with France's President Emmanuel Macron, both Russian leader Vladimir Putin and Ukraine's Volodymyr Zelensky...

US Press Secretary Jen Psaki said President Joe Biden was due to hold a rare Sunday National Security Council meeting over Russia-Ukraine tensions, having said on Friday he was ‘convinced’ that Moscow planned to invade its ex-Soviet neighbor within days.

Ukraine's army on Saturday reported the first death of a soldier in weeks and accused Moscow-backed rebels of sharply escalating attacks that have redoubled fears of an imminent Russian invasion. Ukraine's emergency service said two of its staff were wounded during a wave of attacks on Friday.

There were growing fears that only a spark — which Washington warns could be a deliberate "false flag" incident created by the Russians — might set off the largest military confrontation in Europe since World War II. More than 40 percent of the troops surrounding Ukraine were now said to...

During a meeting in Damascus, Shoigu "informed the Syrian president about the exercises of the Russian navy in the eastern Mediterranean."

Europe's poorest country Ukraine's corruption-plagued economy has suffered from increased tensions over the possibility of an invasion by Russia.

Ukrainian leader Volodymyr Zelensky on Sunday invited US President Joe Biden to visit Kyiv to show Washington's support in the face of a feared Russian invasion. "I am convinced that your visit to Kyiv in the coming days... would be a powerful signal and help stabilise the situation," the presidency...

Moscow "doesn't give a shit" about the risk of Western sanctions if it were to invade Ukraine, Russia's outspoken ambassador to Sweden told a Swedish newspaper.

Efforts to defuse the crisis in Ukraine via a frenzy of telephone diplomacy failed to ease tensions on Saturday, with US President Joe Biden warning that Russia faces "swift and severe costs" if its troops carry out an invasion.

Russian leader Vladimir Putin on Saturday slammed Western claims of an imminent Moscow invasion of Ukraine as a "provocation" as he began new crisis talks with US President Joe Biden. Washington on Friday issued its most dire warning yet that Russia had assembled enough forces to launch a serious assault.

"The foreign ministry also recommends that Israeli citizens planning to come to Ukraine consider refraining from doing so at this time," the ministry said.

The United States dramatically raised the alarm Friday over Ukraine, warning that a Russian invasion starting with civilians caught under aerial bombing could begin in days and telling US citizens to leave within 48 hours. An attack by the more than 100,000 Russian troops currently massed next to Ukraine "could...

German, Russian, Ukrainian and French representatives have agreed to meet again in March after "difficult talks" in Berlin, sources close to French and German negotiators told AFP on Friday.

The credit ratings agency has said the prospects for global economic growth have softened, even if it was to a modest extent.

The US has sought the help of its close ally Qatar in providing emergency supplies if pipelines to Western Europe are cut. Organizers did not immediately confirm whether Russia's President Vladimir Putin would attend the biannual Gas Exporting Countries Forum (GECF) summit on Feb 22.

With war clouds gathering over Ukraine, international diplomacy goes into overdrive on Monday with the French and Russian presidents to talk in Moscow and the German chancellor heading to the White House to meet with US leader Joe Biden.

Russia has now put in place 70 percent of the forces it would need for such an attack, US officials have said.

The veteran Turkish leader hopes mediation between Putin and Ukrainian President Volodymyr Zelensky can avert a Russian offensive.

Qatar's energy minister told the European Union on Tuesday that his country could not rescue Europe alone if Russia turned off gas supplies amid spiking tensions over Ukraine. But the minister, Saad al-Kaabi, told EU Energy Commissioner Kadri Simson that Qatar was ready to help Europe "in times of need"....

The move underscores the Qatar’s strategic importance, including in a scramble to shield European allies from potential Russian energy cutoffs.

US President Joe Biden will build on attempts to ensure energy back-up for European allies when he hosts Qatar's emir Monday in a White House meeting overshadowed by fears that Russia could cut exports over the Ukraine crisis.

Qatar ruler Sheikh Tamim bin Hamad Al-Thani has the Ukraine crisis, efforts to engage the hardline Taliban administration in Afghanistan, and backroom talks on reviving a nuclear accord with Iran on the agenda for his White House meeting with US President Joe Biden.

Qatar is in talks with the US and other gas exporters to prepare a contingency plan for a possible disruption in gas supplies should Russia decide to invade Ukraine.

The Canada-led International Coordination and Response Group had repeatedly asked Iran to meet in November to negotiate redress, but got no reply.

The G7 on Sunday said time was running out for Iran to agree to a deal to curb its nuclear ambitions and warned Russia about the consequences of invading Ukraine. Foreign ministers from the world's richest nations have held a two-day meeting in Liverpool, northwest England, seeking to present a...

Sheikh Mohamed has talked to Greece and Ukraine to enhance his country’s bilateral ties with them.

Jordan’s Minister of Agriculture had a meeting with a World Bank official and a minister of Ukraine.

Ukraine is looking to bolster investment cooperation with the Gulf Cooperation Council (GCC) countries, especially Kuwait.

Ukraine’s deputy foreign minister Yevgeny Yenin told the independent Hromadske radio station that a Ukrainian plane had been "hijacked" in Kabul and flown to Iran "with a group of unknown passengers on board, instead of evacuating Ukrainians." But his comments were then denied by the foreign ministry.

Hilshaw Group will conduct an impact study as the first phase of the process to understand and counter the effects of climate change. Ukraine exported 57 million tons of grain to international markets in 2019-20, which amounted to 16% of global grain exports     Dubai-based Hilshaw Group (HG) has...

The move will see Ras Al Khaimah welcome flights from Kyiv twice a week Travelers from Ukraine will receive complimentary return PCR testing A strategic agreement between Ras Al Khaimah Tourism Development Authority (RAKTDA) and Ukraine International Airlines (UIA) has paved the way for direct commercial flights from Ukraine to...