Western oil majors have quit Russia altogether, taking billions of dollars in vague impairment charges on Russian energy assets, and now comes the hard math. This morning energy giant Shell Plc said that it will […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This compared with a decline of 2.5 million barrels the EIA […]
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact […]
Shell has announced plans to withdraw from Russian oil and gas and Unilever has said it will stop selling its products in Russia, amid an exodus of big British companies from Russia after its invasion […]
February has been a month marked by explosive reports revealing sweeping greenwashing campaigns by the fossil fuels industry. As the dust settles from the first waves of the novel coronavirus pandemic, investigative watchdogs are taking […]
This year will mark the 25th anniversary of the St Petersburg International Economic Forum, a gathering that is normally held in a village-like enclosure in this imperial city that is incidentally also the birthplace of […]
What was an enticing new market 30 years ago is now spurned. The invasion of Ukraine is causing a mass exodus of companies from Russia, reversing three decades of investment by Western and other foreign […]
MELBOURNE, March 2 (Reuters Breakingviews) – Fossil-fuel companies are not all created equal, as Shell’s latest investment in Australia shows. The oil producer’s agreement to buy a 49% stake in WestWind Energy Development will help […]
On Monday, in a statement, CEO Ben van Beurden detailed the emotional decision. “Our decision to exit is one we take with conviction,” said van Beurden. “We cannot – and we will not – stand […]
ConocoPhillips plans to keep the number of rigs steady on Permian Basin acreage recently acquired from Shell plc. We plan to continue running four rigs on that property, the same activity rate that Shell was […]
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