EXPLAINER: Why gasoline prices have soared to record highs Posted on March 9, 2022 by cngpump Russia is among the world’s top oil and gas producers, habitually ranking in the top three. It supplies Europe with 27 per cent of its oil and 40 per cent of its natural gas. Related posts: CNG Pumps Near me in Pune Maharashtra Oil see-saws near 14-yr highs as US weighs Russia oil embargo Goldman Sachs ups 2022 Brent crude oil spot price forecast to $135/bbl Haryana MSMEs to get 50 pc reimbursement of VAT on natural gas ONGC to gain from the record surge in oil and gas prices: Report No need to panic. Oil prices could drop to $100 a barrel in two weeks: Arun Kumar Singh Chairman & MD, BPCL Mukesh Ambani is stepping in to supply diesel-starved Europe Crude oil shoots higher on US Russian oil ban, Asian shares stabilise Oil companies to determine fuel prices: Hardeep Singh Puri EXPLAINER: What does a US ban on Russian oil accomplish?