Chinese refineries reportedly snapping up Russian oil on the cheap May 4, 2022 Independent Chinese oil refiners are reportedly snapping up cheap Russian fuel, which could draw the ire of the United States and United Kingdom. Firms have reportedly continued making deals since the start of the war, while state-run energy companies publicly halted new contracts. The buying of discounted oil by independent refineries by China, according to [...]
EU to ween off Russian oil within six to eight months June 3, 2022 The European Union (EU) has green lit a sixth round of Russian sanctions today, as Ukraine marks its 100th day since Russia’s invasion. “The Council decided today to impose a sixth package of economic and individual sanctions targeting both Russia and Belarus,” the EU Council said in a press release today. The EU plans to [...]
Japan intends to keep stake in Russian oil and gas project despite Western exodus August 8, 2022 Japan will keep hold of its stake in an oil and gas project in Russia, despite Western energy giants abandoning projects in the country.
Sluggish start for FTSE 100 as Russian oil imports cut off May 31, 2022 The FTSE 100 was off to a sluggish start on Tuesday after EU leaders have hashed out a plan to block more than two-thirds of Russian oil imports. The capital’s premier FTSE 100 index was up just 0.2 per cent while the brent crude price rose again, at $124 a barrel. “Given Russia currently supplies [...]
Hungary holds firm on investment demands to support Russian oil ban May 23, 2022 Hungary has maintained its demands for energy investment before it agrees to an Russian oil embargo with its Western allies.
Germany open to EU ban on Russian oil imports that excludes Hungary May 23, 2022 Germany's Economy Minister has revealed his country could support an oil ban on Russian imports that excludes Hungary.
Maersk to stop buying Russian oil to fuel vessels March 15, 2022 Maersk has stopped buying Russian oil for its cargo fleet following the country's invasion of Ukraine, revealed the company's chairman.
Zelensky slams EU’s ‘blood money’ deals for Russian oil April 15, 2022 European countries which are continuing to buy Russian oil are "earning their money in other people's blood", argues Ukraine's president.
Volkswagen factories revert to coal following EU Russian oil ban May 4, 2022 Volkswagen is being forced to revert to coal and gas to power its plants after the EU proposed a phased ban on Russian oil. Proposed today by European Commission president Ursula von der Leyen, the ban will be gradually implemented over the course of 2022. “Understanding the situation, we just decided to upgrade our coal-fired [...]
G7 pledges to cap Russian oil as West ramps up sanctions on Kremlin June 27, 2022 The Group of Seven is preparing to cap Russian oil as part of a fresh package of sanctions in response to Russia's invasion of Ukraine.