Tag: oil

After the EU proposed to ban the import of Russian oil, it is now considering to also prohibit European companies from providing maritime transport for Russian petroleum, anywhere in the world. 

The European Commission has proposed a plan to phase out Russian oil imports, increasing its efforts to cut off a key source of funding for the Kremlin.

Greenpeace Nordic activists are blocking the oil tanker Ust Luga, and preventing it from offloading Russian oil into the port.

Germany aims to reduce Russian oil imports by half by the middle of 2022, becoming almost independent by the end of 2022, according to the Ministry of Economy and Climate Protection (BMWK).

MSC became the first major liner major to take measures against the volatile fuel bills, as it announced fuel surcharges that will be reviewed on a fortnightly – not monthly – basis.

Shell stopped buying Russian crude, aiming to phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine.

U.S. President Joe Biden imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine, amid strong support from American voters and lawmakers, even though the move will increase U.S. energy prices.

EU Commission launched its strategy to protect consumers from energy price rises, but Transport & Environment (T&E) notes that it barely mentions the oil dependence that is funding Putin’s war in Ukraine.

The European Union should embargo all oil and gas imports from Russia in order to stop financing Putin’s war on Ukraine, say 25 European NGOs in a public appeal to leaders.

On March 1st, the United States and 30 other countries that are members of the International Energy Agency (IEA) committed to releasing a total of 60 million barrels of oil from strategic reserves in an effort to stabilise the global energy markets, in response to Russia’s invasion of Ukraine.