Page 238 - Shell Plc News Today

(Bloomberg) -- Global oil markets could tighten even more with Russian flows being disrupted and producers such as Libya experiencing supply problems, according to Vitol Group, the world’s biggest independent crude trader.

Commodities, with a few exceptions, have rallied strongly since President Putin ordered the attack on Ukraine, thereby triggering a change in the market from worrying about tight supply to actually seeing supply disappear. With Russia, and to a certain extent Ukraine, being major suppliers of raw materials to the global economy, we are currently witnessing some historic moves with Russia’s growing isolation and self-sanctioning by the international community cutting a major supply line of ener...

(Bloomberg) -- OMV AG, Austria’s biggest fossil-fuel company, will book charges of as much as 1.8 billion euros ($2 billion) related to the Nord Stream 2 pipeline and its investment in a giant natural gas field as it quits most Russian projects following the country’s invasion of Ukraine.

Departing companies are at a strategic crossroads over moves to cleaner energy; their exit could lead to higher emissions from Russia

WITH sanctions on Russia sending the ruble plunging and keeping stock markets shuttered, the country’s wealthy are turning to luxury jewelry and watches in a bid to preserve the value of their savings. Sales in Bulgari SpA’s Russian stores have risen in the last few days, the Italian jeweler’s chief…

Brent for May settlement gained 0.9% to $111.44 a barrel on the ICE Futures Europe exchange.

Stock futures slump Russian troops take Europes largest nuclear plant; February jobs report in focus as Fed rate decision looms; oil prices surge on Russian nuclear attack, Iran deal concerns; Costco shares slide as supply chain pressures cloud solid q2 earnings and musk says UAW free to call union vote at Teslas California factory

Oil headed for the biggest weekly surge in almost two years after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch, driving prices to their highest since 2008.

Investegate announcements from Shell plc, Transaction in Own Shares

WASHINGTON—The media is filled with stories of a Russian armored convoy approaching Kiev, but many people in the U.S. are unaware of the convoy closing in on their own capital city. Trucks and other vehicles are crawling across the country, 200-something miles per day, to arrive in Washington, D.