Tag: European
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Shell is considering withdrawing from retail activities in 3 major European countries
Shell – one of the major international oil companies – is heading to exit retail activities in 3 major European countries, due to the repercussions of the energy crisis that has extended in the old continent since last year. The Anglo-Dutch company announced it is considering withdrawing from its home retail business in the United…
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Attempts to ban Russian oil did not raise global prices despite the European Union’s hardening (article)
Read in this article • EU discussions focused on a range of $65-70 per barrel as a maximum • Poland and the Baltic countries saw that the price of 65 dollars per barrel was very generous to Russia • The continued drop in Crude Oil prices last week was somewhat surprising • The OPEC+ alliance…
