Norway arrests activists blocking tanker unloading Russian oil

OSLO, April 25 (Reuters) – Norwegian police said they had arrested 20 Greenpeace and Extinction Rebellion campaigners who on Monday blocked a tanker from delivering Russian oil to an Exxon Mobil terminal. In a protest against Russia’s invasion of Ukraine, activists had fastened their red rubber dinghy to the Ust Luga’s anchor chain, Greenpeace said, … Read more

Factbox: Companies count the cost of ditching Russia

April 22 (Reuters) – Multinational companies that announced their exit from Russia, or suspension of activities there, after its invasion of Ukraine have started to calculate losses associated with their decisions. Below is an alphabetical list of firms that have provided cost estimates related to their temporary or permanent halt of business in Russia: AB … Read more

India refiners skip Rosneft crude tenders on ‘biased’ terms -sources

The logo of Russia’s top crude producer Rosneft is seen on the top of a building in Stavropol, southern Russia, December 9, 2014. REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, April 21 (Reuters) – India’s state refiners did not submit bids in tenders issued by Russia’s top oil producer … Read more

Scholz says top priority is avoiding NATO confrontation with Russia

German Chancellor Olaf Scholz makes a statement after talks with European leaders and US President Joe Biden, in Berlin, Germany, April 19, 2022. REUTERS/Lisi Niesner/Pool Register now for FREE unlimited access to Reuters.com Register Scholz warns Germany may be considered party to war if it sends tanks Scholz could soon be forced to decide on … Read more

Exxon Mobil may completely withdraw from Russia by June 24 – sources

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, April 21 (Reuters) – Exxon Mobil Corp (XOM.N) is considering a complete withdrawal from Russia by … Read more

For oil refiners, now is the summer of distillate content

A nighttime view of Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, diesel fuel, and other refined petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Refiners are planning … Read more

Russia’s Rosneft seeks rubles up front in oil tenders -sources

Aligns with Putin’s demand for rubles trade in gas Leaves scope for other currencies but may refuse sales Rosneft facing fall in deals with term buyers May volumes would usually have been placed with term buyers April 20 (Reuters) – Russia’s Rosneft has asked for rubles and full prepayments in tenders for crude, sources have … Read more

EXCLUSIVE Oil traders to cut Russian oil purchases from May 15 – sources

View shows railroad freight cars, including oil tanks, in Omsk, Russia May 1, 2020. REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, April 13 (Reuters) – Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid … Read more

US lawmakers slam Big Oil for high gasoline prices

WASHINGTON, April 6 (Reuters) – Oil executives defended themselves in the US Congress on Wednesday from charges by lawmakers that they are gouging Americans with high fuel prices, saying that they are boosting energy output and no one company sets the price of gasoline. Members of the US House of Representatives Energy and Commerce Subcommittee … Read more