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(Sharecast News) - The Organisation of Petroleum Exporting Countries and its non-member allies approved a further increase in their combined production and said that the recent oil price surge was not the result of market fundamentals but of "geopolitical developments".
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(Alliance News) - Stock prices in London were higher at midday on Wednesday as the FTSE 100's oil majors benefit from higher crude prices which have soared following Russia's invasion of Ukraine and the West's response.
Read more(Sharecast News) - The list of companies cutting ties with the Russian regime grew on Wednesday, with Apple, Airbus, Boeing and Exxon all responding to Moscow's unprovoked invasion of Ukraine.
Read more(Alliance News) - Stock prices opened higher on Wednesday as surging oil prices lifted Shell and BP and investors continued to monitor the disturbing battle between Russia and Ukraine.
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ROME, March 2 (Reuters) - The Trans-Adriatic pipeline (TAP) will be "in full regime" in 2022 and 2023 and will transport 10 billion cubic meters of gas per year to Europe, of which 8 bln for Italy, Managing Director Luca Schieppati told daily Il Messaggero on Wednesday.
Read moreMarch 1 (Reuters) - The UK government has launched an urgent review into how to reduce Britain's exposure to Russian gas imports and energy companies following the Ukraine's invasion, the Financial Times reported https://www.ft.com/content/41620abc-2a5d-401a-bae0-24652169b5c2 on Tuesday citing people familiar with the matter.
Read moreLONDON, March 1 (Reuters) - Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for needed crude after a raft of sanctions imposed on Moscow over the war in Ukraine.
Read more(Alliance News) - Glencore PLC on Tuesday said it is reviewing its business activities in Russia, including its holdings in energy and metals company En+ Group PLC and oil firm Rosneft.
Read moreMarch 1 (Reuters) - London's FTSE 100 fell on Tuesday as the worsening Ukraine crisis pushed shares of heavyweight banking and Russia-exposed miners lower, while Flutter Entertainment dropped on downbeat earnings.
Read more(Alliance News) - British Gas-owner Centrica PLC on Tuesday said it intends to exit its gas supply agreements with its Russian counterparts, including energy giant PJSC Gazprom following the invasion of Ukraine.
Read moreNEW YORK, March 1 (Reuters) - Oil prices surged 8% on Tuesday as talks about a coordinated global crude stocks release failed to calm fears about supply disruptions from the Ukraine crisis and sanctions against Russia.
Read more(Sharecast News) - Shell is to join rival BP in exiting its Russian interests, including ending its involvement with the controversial Nord Stream 2 pipeline.
Read moreWASHINGTON/LONDON, Feb 28 (Reuters) - The United States and its allies are weighing a coordinated release of oil reserves amid soaring prices and tightening supplies after Russia invaded Ukraine, an OPEC+ source and a senior industry source told Reuters.
Read more(Alliance News) - abrdn PLC has so far struggled to find a buyer as it bids to offload its stake in Russian oil firm Rosneft, Sky News reported on Monday.
Read moreFeb 28 (Reuters) - Global auto and truck makers, including U.S. automaker General Motors Co and Germany's Daimler Truck, on Monday suspended some business in Russia following that country's invasion of Ukraine.
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