Oil prices peak at $113 per barrel as fears over supply shortages escalate March 2, 2022 Both major benchmarks have continued to rally amid growing concerns over supply disruption following Russia's invasion of Ukraine.
ExxonMobil exits Russia amid energy firm exodus March 2, 2022 Exxon Mobil (Exxon) has followed in BP and Shell's footsteps, and has announced it will exit its Russian assets valued at more than $4bn.
World’s blue-chips ditch Russia as West ramps up efforts to freeze out Moscow March 2, 2022 More of the world’s top companies are pouring out of Russia as the West ramps up efforts to freeze Moscow out of the global economy. Despite the exodus, French energy firm Total bucked the trend by announcing tepid measures today, stating it will keep doing business in Russia, but not invest in new projects. The [...]
Oil prices surge as Western sanctions on Russia bite March 1, 2022 Both major oil benchmarks surged today, amid escalating concerns over supply disruptions after Russia's invasion of Ukraine.
UK’s biggest energy port confirms restrictions on Russian ships March 1, 2022 The UK's biggest energy port will not allow entry to any ships owned, registered or controlled by Russia - or flying the country's flag.
Shell announces new CFO following London HQ move March 1, 2022 Shell has appointed Sinead Gorman as its new chief financial officer with Jessica Uhl stepping down following the firm's HQ move to London.
Gazprom exports to Europe down by a third as prices spike across the continent March 1, 2022 Gazprom's natural gas exports outside ex-Soviet Union countries, according to the latest data from the Kremlin-backed gas giant.
Nord Stream 2 fires staff as it weighs up insolvency amid US sanctions March 1, 2022 The Kremlin-backed company which built the Nord Stream 2 gas pipeline is could file for insolvency, according to Reuters.
Total Energies fails to follow BP and Shell in exiting Russian projects March 1, 2022 Total Energies has announced it will no longer provide capital for new projects in Russia, following the country's invasion of Ukraine.
Destruction of Russian-focused stocks leads London’s top indexes lower February 28, 2022 A NEAR destruction of Russian exposed London-listed stocks held the City’s top index lower today in a wild day of trading on the Square Mile. The capital’s premier FTSE 100 index lost as much as 1.4 per cent during the morning, before finishing down 0.42 per cent at 7,458.25 points. Meanwhile, the domestically-focused FTSE 250 [...]
