A proposal by Republican lawmakers to increase U.S. crude oil production amid the fast-deteriorating situation in Ukraine that could compromise the security of energy flows was a “misdiagnosis”, according to Continue Reading
BP to Exit Nearly 20% Stake in Rosneft First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves Continue Reading
Shipping giant Maersk (MAERSKb.CO) will temporarily halt all container shipping to and from Russia, deepening the country’s isolation as its invasion of Ukraine sparks an exodus of Western companies. The Continue Reading
U.S. payment card firms Visa Inc (V.N) and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa Continue Reading
Russian state gas company Gazprom said on Tuesday that it was shipping gas to Europe via Ukraine in line with customers’ requests. It said the requests stood at 109.6 million Continue Reading
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country Continue Reading
TotalEnergies (TTEF.PA) condemned what it called Moscow’s military aggression in Ukraine but stopped short on Tuesday of joining rivals Shell (SHEL.L) and BP in planning to exit positions in resource-rich Continue Reading
Italy’s foreign minister said a visit to Algeria on Monday to seek an increase in gas supplies from the country had yielded good results, as Europe steps up its efforts Continue Reading
After years of growing increasingly reliant on cheap and abundant wheat supplies from Russia and Ukraine, the world’s grains buyers are being forced to hunt elsewhere as flows from both Continue Reading
The Ukraine conflict is nowhere near resolution and looks set to continue for some time. Russia’s energy supplies are very much at risk, either due to being withheld by Russia Continue Reading
