Highlights Traders, refiners shunning Russian oil over Ukraine Shell lifts cargo at record low level in Platts MOC Shell promises to commit profits from Urals to humanitarian fund Shell explained March 5 its recent controversial purchase of Russian crude oil as a way to ensure supply to European refiners, even as the majority of global refiners have effectively self-sanctioned against the country’s output due to Moscow’s invasion of Ukraine. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Calling the decision “difficult” and noting the “strength of feeling around it,” Shell said it would “commit profits from the limited amount of Russian oil we have purchased to a dedicated fund.” The company statement said it would work with humanitarian agencies and other aid providers to “determine where the monies from this fund are best placed to alleviate the terrible consequences of that this war is having […]