oil-and-gas
Top StoriesFactbox-Who Is Buying Russian Crude Oil and Who Has Stopped
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Sanctions Tighten Screws on Russia’s Sovcomflot as Ship Insurers Cut Cover
Date: April 29, 2022
By Jonathan Saul LONDON (Reuters) – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company and Moscow’s efforts to export oil and gas. Russia’s maritime sector is seeing the wind down of multiple services,...
Oil Prices Fluctuate Amid Supply Constraints and Demand Concerns
Date: April 28, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil prices steadied after trading in and out of positive territory on Thursday as investors weighed up tightening Russian supplies and the prospect of slowing fuel demand in China. Brent crude futures were down 9 cents at $105.23 a barrel by 1347 GMT. U.S. West Texas Intermediate crude rose 13...
Factbox-Who Is Buying Russian Crude Oil and Who Has Stopped
Date: April 28, 2022
(Reuters) – Here is the response by countries regarding purchases of Russian oil following Moscow’s invasion of Ukraine on Feb. 24, and how companies have acted. COUNTRIES’ RESPONSES Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases but the 27 members of the European Union have not been able...
Wintershall Dea Looks Beyond Russia as War Marks Turning Point
Date: April 28, 2022
By Vera Eckert FRANKFURT (Reuters) -German oil and gas producer Wintershall Dea said on Thursday it will look beyond Russia for growth in a “fundamental” change for the company, but will retain its assets there to avoid them falling to the Russian state. “There can be and will be no ‘business as usual’ with Russia...
Oil Prices Edge up as Worldwide Supply Concerns Remain at the Fore
Date: April 28, 2022
By David Gaffen NEW YORK (Reuters) -Oil prices rose modestly on Wednesday due to ongoing concerns about tight worldwide supply, underscored by another drawdown in U.S. distillate and gasoline inventories. The market rebounded late in the session after losing ground for most of the day, in part due to strength in the dollar and as...
Shell Tightens Restrictions on Russian Oil Buying
Date: April 27, 2022
By Ron Bousso and Rowena Edwards (Reuters) -Shell on Wednesday tightened its restrictions on buying Russian oil, saying it would no longer accept refined products with any Russian content, including blended fuels. Shell last month said it would phase out buying Russian crude and its involvement in all Russian hydrocarbons from oil to natural gas,...