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+--- Thread: Shell Buys Russian Oil at Bargain Price (/Thread-shell-buys-russian-oil-at-bargain-price)
Shell Buys Russian Oil at Bargain Price - QuotetheRaven - 03-05-2022
As Western oil-and-gas companies this week raced to distance themselves from Russia in the wake of the invasion of Ukraine, #Shell said this week it would exit its joint ventures with Russian energy giant Gazprom PJSC. A person familiar with the company’s trading strategy said Shell was still buying Russian #oil to plug into refiners and petrochemical plants while it looked for alternative sources.
The U.S. and its allies left energy out of the sanctions imposed on #Moscow in response to the invasion. However, refiners went further, shunning Russian crude as they struggled to get funding and ships to export Russian oil.
https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-04/card/shell-buys-russian-oil-at-bargain-price-2ZljvO2HQlmPm5d5aAgG