OPEC warns of global supply shock if EU sanctions Russian oil April 12, 2022 OPEC has warned the European Union sanctions on Russian fossil fuels could create one of the worst global oil supply shocks in history.
EU scraps plans to ban shipping of Russian oil imports amid backlash May 10, 2022 The European Union has been forced to abandon plans to bar the shipping of Russian crude oil amid pushback from member states.
Tanker docks in France as UK workers protest Russian oil March 6, 2022 UK dock workers refused to unload a tanker of Russian gas yesterday in protest at the country's invasion of Ukraine.
The City View: Analysing the G7 plan to phase out Russian oil May 9, 2022 Today Andy Silvester talks to City A.M. reporters Nicholas Earl and Leah Montebello. They go through the G7’s decision to phase out Russian oil, historically elevated gas prices, unpick Snapchat owner Snap Inc.’s plan to compete with the likes of TikTok, and break down Uber’s CEO Dara Khosrowshahi’s recent letter to employees. And in the [...]
Germany ‘won’t stand in the way’ of EU ban on Russian oil imports April 29, 2022 Germany has dropped its opposition to a potential European Union (EU) ban on Russian oil imports after weeks of resisting the move.
Germany to phase out Russian oil supplies as West piles pressure on Russia April 20, 2022 Germany has announced it will stop importing Russian oil by the end of the year, as the West ramps up pressure on the Kremlin.
UK Government detains jets of Russian oil tycoon Eugene Shvidler March 26, 2022 The UK Government announced today it has seized two jets belonging to Russian oil tycoon Eugene Shvidler as part of its crackdown against Putin’s allies. Transport secretary Grant Shapps said the two planes, impounded at Farnborough and Biggin Hill airports for the last three weeks, would be “detained indefinitely.” “Putin’s friends who made millions out [...]
EU mulls plans to ban insurers from insuring ships carrying Russian oil May 9, 2022 The European Union is considering banning insurers from insuring ships carrying Russian oil, as another means of draining Russia of the financial resources it needs to continue bankrolling its war in Ukraine. If brought into force, the new sanctions would come as another blow to Russia’s energy export industry, as the EU also weighs up [...]
US ramps up sanctions with plans to ban Russian oil imports March 8, 2022 The US is expected to impose ban on Russian oil imports as it ramps up sanctions following the country's invasion of Ukraine.
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.