Major Oil Traders Cut Russian Crude Purchases Starting Next Month

Major Oil Traders Cut Russian Crude Purchases Starting Next Month

Major crude trading houses are set to slash their purchases of Russian crude oil and crude products starting mid-May, anonymous Reuters sources said on Thursday. The move that will see a curtailment of Russian crude purchases comes as traders steer clear of any actions that would violate European sanctions against Russia that go into effect … Read more

Germany Could Nationalize Parts Of Russian Oil And Gas Giants

Germany Could Nationalize Parts Of Russian Oil And Gas Giants

Germany is considering the idea of ‚Äč‚Äčnationalizing the German units of Russian oil and gas giants Rosneft and Gazprom over concerns the companies that are systemically important for the German energy market could run into financial troubles, German business daily Handelsblatt reported this week, quoting sources in the government. The German Ministry of Economy is … Read more