oil-and-gas
Top StoriesShell Ceo: No Way to Trace Russian Crude Refined Overseas
Top StoriesOil Climbs on Supply Jitters as EU Plans Russian Oil Ban
Top StoriesExplainer-Why the EU May Find It Tough to Squeeze Out Russian Oil
Top StoriesAnalysis-Rising Oil Prices Buy Iran Time in Nuclear Talks, Officials Say
What Would Be the Impact of Russian Oil Sanctions in Europe?
Date: May 5, 2022
LONDON (Reuters) -The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels in Europe? WHAT DOES THE EU CURRENTLY IMPORT? The European Union imported 2.2 million barrels per day (bpd) of crude oil and 1.2...
Oil Jumps $4 a Barrel as EU Proposes Ban on Russian Oil
Date: May 4, 2022
By Ahmad Ghaddar and David Gaffen NEW YORK (Reuters) -Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to phase out imports of Russian oil, which offset worries about demand in top crude importer China. Brent crude futures were up $4.00, or 3.8%, to $108.97 a barrel...
Germany Needs ‘political Solution’ to Russian Oil Refinery
Date: May 4, 2022
By Joseph Nasr BERLIN (Reuters) -Economy Minister Robert Habeck appeared to suggest on Wednesday that Germany could take control of a refinery run by Russian state-owned firm Rosneft to avoid shortages once an EU ban on imports from Russia goes into effect. The PCK refinery in Schwedt accounts for almost all of Germany’s remaining Russian...
EU Proposes to Ban in a Month’s Time Shipping, Financing Services for Russian Oil – Source
Date: May 4, 2022
BRUSSELS (Reuters) – The European Commission has proposed to ban in a month’s time all shipping, brokerage, insurance and financing services offered by EU companies for the transport of Russian oil worldwide, an EU source told Reuters on Wednesday. The measure is part of a proposed embargo on Russian oil that is meant to cripple...
LetterOne Says It Won’t Take Wintershall Dea’s Russian Assets From Basf
Date: May 4, 2022
By Ludwig Burger FRANKFURT (Reuters) -LetterOne will not take on Russian assets of Wintershall Dea and has not held talks with co-investor BASF on such a transaction, a spokesperson for the investment group said. A person familiar with the matter told Reuters earlier that BASF is looking into transferring Russian assets of its oil and...
Equinor Posts Record Profit as Gas Prices Soar in Europe
Date: May 4, 2022
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Equinor reported record earnings on Wednesday, as the war in Ukraine triggered an energy supply crunch that sent gas prices soaring to all-time highs. The state-controlled Norwegian company has emerged as a big winner in Europe’s energy crisis, generating $18 billion in adjusted pretax earnings in...